Business in brief

Caledonian supports Junior Achievement  

Caledonian Global Financial Services has announced it will continue to sponsor Junior Achievement, which offers in-school and after-school practical business programs. 

As a Junior Achievement corporate ambassador, Caledonian has donated $30,000 to Junior Achievement over the past three years.  

“We are proud to be part of such a great initiative and to support the future young entrepreneurs of the Cayman Islands,” said CEO Barry McQuain. 

The Corporate Ambassador sponsorship level was developed by the Junior Achievement Board in 2011 as a means of ensuring continuity and sustainability of the program and has attracted support from several of Cayman’s top companies. 

“We are very grateful to Caledonian for its continued support to Junior Achievement”, said Paul Byles, president of Junior Achievement. “Support from the corporate community has been a key factor in our ability to increase student participation across all our various programs to now over 1,300 students each year. That’s a tremendous success story that would not have been possible without this type of financial support,” he said. 

Workforce readiness is one of the key components of the JA programs, which are offered free to students and schools, relying on donations from firms and volunteer facilitators. 

The deadline to respond to the public consultation regarding beneficial ownership of Cayman Islands-registered companies has been extended to Feb. 28. 

The Ministry of Financial Services, Commerce and Environment is asking anyone working in financial services and commerce, their clients and the general public – including small-business owners – to provide input. For more information on the consultation, contact Wilbur Welcome, senior policy analyst in the Department of Financial Services Policy and Legislation.  

Private client lawyer to join Mourant Ozannes 

Jim Edmondson will join Mourant Ozannes’ International Trusts and Private Client practice as a consultant based in London and will lead that practice from Sept. 1, when Douglas Close steps down after three years in the post.  

Mr. Edmondson, who until May 2013 was head of Farrer & Co’s private client practice, and joint senior partner, and who has acted in a consultancy role for the firm since then, will join Mourant Ozannes with effect from May 1.  

CIBC FirstCaribbean International Bank is supporting a new audio-visual project designed to increase students’ appreciation of their Caribbean heritage. 

During the recent signing of a memorandum of understanding between CIBC FirstCaribbean and the University of the West Indies, the bank also announced that it is funding the Caribbean Icons Project, a series of educational DVDs, the brainchild of Wayne Charles-Soverall, a lecturer in Public Sector Management at UWI, Cave Hill. 

Mr. Soverall developed the idea for the project after discussions with colleague Wendy Grenade revealed that some of her students did not know the legendary Trinidadian calypsonian Chalkdust. Mr. Soverall then embarked on a project to chronicle the lives and stories of Caribbean icons across several spheres of endeavor, including academia, entrepreneurship, culture, sports, music and politics, and to use the resource created as a teaching tool.  

“The idea is to have an interactive and innovative digital media resource for students across the Caribbean at university and secondary school levels which mirror people from their own communities and societies,” Mr. Soverall explained.  

“I hope the project will help students to appreciate what’s Caribbean, as well as emphasize the realization that we need to tell our stories, demonstrating that we aren’t just consumers, but also producers.”  

The first in the series of DVDs will showcase Caribbean entrepreneurs. 

In thanking the bank, the UWI lecturer said he believed the project would have resonated deeply with the bank because of its own Corporate Social Responsibility program, Unsung Heroes, which recognized individuals, many of them pioneers within their communities, for developing and implementing causes to quietly transform their communities and positively impact lives. The community outreach program ended in 2013 after 10 years.  

Rik Parkhill, chief executive officer of CIBC FirstCaribbean and chairman of the ComTrust Foundation, said the bank saw the value and importance of the project and decided to fund it as an adjunct to its partnership with UWI through the MOU.  

“Unsung Heroes was a unique way of strengthening the communities in which the bank served, and we believe that the Caribbean Icons Project has the capacity to assist in strengthening the notion of Caribbean identity and achievement. We are pleased to support Dr. Soverall in his efforts and wish him every success with the project.”