Business in brief

Solomon Harris 

Richard Addlestone has joined Cayman Islands law firm Solomon Harris as a partner in the corporate department.  

Mr. Addlestone has 20 years’ experience as a lawyer, having started his career in London, including working for a top-20 ranked firm, before moving to the Cayman Islands in 2001. He joins from Appleby where he was a partner in funds and investment services, specialising in private equity, hedge funds, subscription finance, fund of fund finance, captive insurance and oil and gas work. Prior to Appleby, he was a partner in the private equity group and the insurance group at Walkers.  

Mr. Addlestone has extensive experience in corporate and commercial law, offshore investment funds, fund restructuring, finance, mergers and acquisitions, and energy and is recognised in the leading legal directories. 

Stuart Rowe also joins the firm as an attorney in its property and banking and finance practice. He was formerly with Eversheds in the UK, where he helped to lead a specialist real estate finance team that worked primarily with global financial institutions and funds.  

Managing partner Sophia Harris said, “We are pleased that our firm attracts individuals with the qualities, experience and track records of Richard and Stuart. These appointments to the firm underscore our confidence in the Cayman Islands as a leading international financial centre, of our own strength in this industry and will progress our aggressive plans for the growth of Solomon Harris.”  

 

Advantage 

Advantage Insurance, a leader in providing customised insurance solutions for businesses and individuals, has appointed Walter C. Keenan as president and chief executive officer. Company founder Ian Kilpatrick was named vice chairman of Advantage’s board of directors and will continue to manage the company’s US subsidiaries.  

Fiona Moseley, executive vice president of Advantage, has been named chief operating officer and will continue to have responsibility for the company’s Cayman Islands business. Simon Kilpatrick was named senior vice president of business insurance, while Stuart Jessop has taken on additional management responsibilities on top of his duties as chief financial officer. 

Commenting on today’s announcement, Mr. Kilpatrick said, “We are all very pleased to have Walter Keenan join Advantage to lead its ambitious growth plan. I am confident that Walter’s leadership will be of great help to Fiona Moseley and the Advantage team in achieving our goal of becoming the premier company in private placement life insurance and captive management services.” 

Mr. Keenan said, “It has been a privilege to work with Ian, Fiona and the Advantage team to develop our new and innovative growth strategy. I am honoured that they have asked me to become CEO, and I look forward to helping Advantage capitalise on the exciting growth opportunities we have identified over the past year.” 

Mr. Keenan, 45, has served as a consultant to Advantage since July 2012. From 2006 to 2011, he was a director and then executive chairman of Medicus Insurance Holdings, Inc., a specialty insurer in Austin, Texas. Mr. Keenan previously served as president of JMP Capital LLC, the principal investing arm of JMP Group Inc., and as a principal of the Cypress Group.  

 

Butterfield  

Butterfield Bank (Cayman) Limited is the latest company to get involved in the Purple Dragon scholarship programme. Butterfield joins Conyers Dill & Pearman, Digicel, Cayman National, CML and RE/MAX in working with Purple Dragon Martial Arts to improve the lives of young Caymanians.  

The Purple Dragon scholarship programme was developed to provide children in the Cayman community a chance to learn martial arts, who would otherwise not be able to afford it. The programme is also aimed at promoting positive self-growth and development. The candidates for the programme are usually selected by a parent, school teacher, counsellor or guardian. 

In exchange, sponsors will gain a contract from each student, committing to regular attendance and timeliness, maintenance of school grades and behaviour reflecting respect for individuals and property. Scholarship sponsors will also receive reports from Purple Dragon teachers, parents, school and counsellors, tracking the performance of the students. 

“We are thrilled to be a part of the Purple Dragon scholarship programme. At Butterfield, we are committed to supporting our youth and local organisations that help improve their opportunities,” said Butterfield’s Rebecca Ebanks.  

 

DMS Organization  

DMS Organization treated 17 John Gray High School students studying English as a second language to a shopping expedition at Books & Books.  

The students’ teacher Britta Egrid teaches ESL at John Gray High School. The reading programme was implemented this year and students were more engaged, enthusiastic and aware of their written and spoken expression, she said.  

“If there is one thing that I would advise students and parents to do, it is to read. Read with your kids, read for pleasure. Not only does it stimulate the mind, but it helps to shape our language. I am very grateful to DMS for sponsoring my entire ESL reading class so that each child can choose a book to enjoy over the summer.” Ms Egrid said. 

 

CIBC FirstCaribbean  

CIBC FirstCaribbean appointed Catherine Ebanks as corporate manager in the bank’s Corporate Investment Banking department. 

Ms Ebanks joined CIBC FirstCaribbean in August 2008 as the small business officer after working at another financial institution for eight years and was promoted to credit manager in August 2009.  

“We are very pleased to be able to promote a young, intelligent and hard working Caymanian to fill this role,” said Al Aaron, head of corporate banking. “Catherine’s promotion is further confirmation that our bank’s strategy to train and develop deserving Caymanians to take on senior roles in the bank is bearing fruit.” 

Ms Ebanks is a holder of a bachelor’s degree in finance and she is continuing studies to earn an MBA, which she hopes to complete in December 2013. 

 

Ogier  

Ogier Cayman has invited seven, high-performing Caymanian students to take up opportunities across the firm, as part of this year’s summer placement and scholarship programme. 

“We are very excited to be hosting this group of bright, young aspiring legal and fiduciary services professionals as part of this year’s summer programme and look forward to the energy and enthusiasm these individuals bring to our firm year after year,” said Nick Rogers, managing partner, Ogier Cayman. “We take great pride as a firm in offering students valuable professional experience, while supporting the ongoing development of young talent in the Cayman Islands.” 

The goal of Ogier’s summer placement and scholarship programme is to refine and develop professional skills, while gaining practical work experience.  

Ogier-interns

From left, Vanessa Ritch, Jonah Johnson, Gabriela Barcelo, Ogier human resources manager Lilia Conolly, Adam Barrie, associate director Michelle Gibbs, Mario Dadal and Michael Cummings.
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