Business in brief

HighWater donation to Crisis Center  

HighWater raised more than US$13,800 and received donations of numerous gifts in December 2013 for families supported by the Cayman Islands Crisis Center.  

Every year, HighWater hosts a Christmas Champagne brunch at Abacus for their friends in the community, who are asked in return to contribute money or gifts in support of the Crisis Center.  

“We feel grateful to have such generous friends and colleagues within the hedge fund industry who continue to give so much for such a worthy cause,” said HighWater’s Darren Stainrod.  

Crisis Center board member and chair of the fundraising committee Allison Clark said, “We recognize that this is a community effort by Cayman’s hedge fund industry, but we are especially grateful to HighWater for coming up with this idea and for choosing the Crisis Center as the sole beneficiary. We appreciate HighWater’s understanding of our need, particularly at Christmas.”  

The Crisis Center is Cayman’s only women’s shelter and provides emergency assistance and longer-term support to female victims of domestic violence and their children. The funds raised at the HighWater party will go toward the $500,000 operating budget required to keep the shelter open.  

Now in its 10th year, the Crisis Center has housed more than 700 women and children. 

Forbes Hare expands private client practice  

Forbes Hare’s international private client practice is expanding with the addition of Marcus Parker, who joins as a partner in the firm’s Cayman Islands office. 

Mr. Parker is an international private client lawyer whose practice focuses on devising and developing international structures and strategies to preserve and enhance the global wealth of affluent international families.  

He also advises in relation to contentious trust-related matters. Prior to joining Forbes Hare, he was an equity partner of New Quadrant Partners LLP, a leading private client law firm in London.  

Paul Smith has relocated to Conyers Dill & Pearman’s Cayman Islands office 

He is a senior addition to the Cayman litigation team and has over 30 years of dispute resolution experience, including 13 years as a litigator in the firm’s Bermuda office. Specializing in commercial litigation, trust litigation, arbitration, and insurance and reinsurance, he is internationally recognized for his expertise. Prior to joining Conyers in 2000, he practiced at the Commercial Bar in London. 

BVI private client practitioner Hélène Anne Lewis has been re-elected for a second term as worldwide chair of the Society of Trust and Estate Practitioners (STEP), the global professional association for practitioners dealing with family inheritance and succession planning. 

After serving on STEP’s council since 2010, Ms Lewis was first elected chair in November 2012. As STEP chair, she presides over the board and council. “I am honored by the confidence my colleagues on the board and council have placed in me. I have had an exciting year and look forward to making a further contribution to the growth and development of the Society as we develop our aims and objectives for STEP 2021,” she said. 

During her first term, STEP launched new chapters in Brazil, Curaçao, Hungary, Mexico, South Western Ontario, Canada and Mumbai, India.  

STEP also secured changes to the treatment of trusts under the U.S. FATCA regulations which have global implications, and launched North America and LATAM news digest services. 

Looking ahead, Ms Lewis’s focus is on the implementation of new professional development programs, strengthening STEP’s Special Interest Groups and exploring possibilities for the growth and development of the society in new global markets.  

Mike Howard, a director of International Management Services Ltd., donated $5,000 to the Cayman Islands Crisis Center and a donation of $3,000 to the Department of Children and Family Services on behalf of APIC Charitable Trust. The donations were made by IMS as trustee of the parent trust of an insurance captive, also managed by IMS. 

Sarah-Bertran-(HighWater)-Allison-Clark-(CICC)-Jessica-Anderson

Sarah Bertran (HighWater), Allison Clark (CICC) and Jessica Anderson (HighWater) at the gift exchange.

Marcus-Parker

Mr. Parker
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