Business in brief

Citco appoints managing director

Corporate and trust services provider Citco Trustees (Cayman) Ltd. has appointed Nicholas Quin as managing director. Mr. Quin grew up in Cayman and joined Citco in 2010. He previously served as in-house counsel in the Private Client Trust Department. Citco also announced that controller David Bell has been appointed chief operating officer.

Marcia Seibald, business director of Citco Corporate & Trust Americas division, said, “As we approach two decades of doing business on the islands the appointment of a Caymanian to the position of managing director reflects our commitment to Cayman, and we look forward to further strengthening our capabilities in this important hub for the financial services industry.”

Citco opened its Cayman office in 1994. The firm acquired Paine Webber Trust in 2002 and Wells Fargo Trust in 2010.

CISPA hosts training program

The Cayman Islands Society of Professional Accountants presents a four-day training event for government employees and CISPA members from Dec. 3 to 6 at the Westin Hotel.

The event, now in its second year, will feature speakers from the United States, Canada, United Kingdom and France, as well as Cayman on topics related to public sector management such as governance, risk management, project management and fraud prevention.

There will also be courses of general applicability, such as a full day on ethics training.

Speakers include Governor Helen Kilpatrick, Deputy Governor Franz Manderson, Minister of Finance Marco Archer, Cayman Finance CEO Gonzalo Jallos and chair of the Public Accounts Committee, Roy McTaggart.

The fee is $100 a day. The full schedule of events is available on the CISPA website and Facebook page. To register and obtain more information, contact Carolyn Andrews at 623-1026 or Martin Ruben at 244-3206.

Ogier named top offshore law firm

The 2013 service provider rankings by U.S. industry publication Hedge Fund Review named Ogier “top offshore law firm” for the third consecutive year.

The rankings reflect the opinions of more than 1,000 industry participants, including asset and investment managers, single manager hedge funds and funds of hedge funds on a range of service providers servicing the operational and technical sides of the hedge fund industry.

“We greatly appreciate this latest recognition from the funds industry in the U.S., which is a key market for our firm and for the Cayman funds industry generally,” said Giorgio Subiotto, Ogier Cayman partner and head of the firm’s global investment funds practice.

INSOL recognizes insolvency practitioners

Nicholas Fox, managing associate with Mourant Ozannes in the Cayman Islands, is one of 13 graduates of INSOL International’s annual Global Insolvency Practice Course.

The practice course is an advanced educational qualification focusing on international insolvency. Candidates must already hold a degree and have a minimum of five years’ experience in the field to be considered for the program.

The course reflects that practitioners need to have extensive knowledge of the transnational and international aspects of legal and financial problems of businesses in distress. The fellowship program is limited to 20 candidates each year.

Raymond Davern joins Conyers Cayman

Raymond Davern, a senior practitioner in the field of trusts and private client work, has joined Conyers Dill & Pearman in the Cayman Islands. He will lead the Private Client & Trust practice for both the British Virgin Islands and Cayman Islands offices. Mr. Davern joined Conyers in 2010 and held the position of head of the BVI Private Client practice before expanding his role.

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