Business in brief

KPMG launches new valuation service

In response to the challenges associated with fair value measurement, KPMG has developed a Valuation Assurance Service tailored for the alternative investment industry and designed to support the quality assurance, transparency and consistency objectives related to fair value measurement. 

The Valuation Assurance Service combines specialist know-how and software developed by KPMG, called The KPMG iRadar. The service provides independent assurance over the valuation of the investment portfolio, reporting on the valuation and knowledge transfer through on-site workshops. 

A design by Jenae Whittaker, 17, was chosen to be converted into the new graphic logo of the Green Committee of Intertrust Cayman. 

Intertrust Cayman held an awards presentation Friday for participants in their kids logo design contest, which was open to children ages 5 to 17 of Intertrust Cayman employees. The contest challenged entrants to design a logo which included the Green Committee’s mascot, the Vitelline Warbler, also known locally as “Chip Chip” or “Yellow Bird.”  

Ms. Whittaker, as winner, received a one-year membership to the National Trust of the Cayman Islands. Second place was awarded to Ruby Pileta, 8, and third place to Gianna Whittaker, 15, both of whom received Camana Bay gift cards. 

The new logo will be used to create a brand identity for the committee and also bring awareness to this local bird. Children who entered received a pack that included photos and information on the Vitelline Warbler and its habitat.  

As part of Intertrust’s corporate social responsibility initiative, the Green Committee’s main endeavor is to ensure that operations in Cayman run as “green” as possible with respect to reducing waste, energy and paper consumption.  

Progressive Distributors Ltd. made a donation to the Cayman Islands Cancer Society in support of a new chemotherapy unit.  

The project by the Cancer Society, in partnership with the Health Services Authority, will provide better accommodation to patients who wish to have their chemotherapy treatment done locally, in the Cayman Islands. 

Donovan Brummer, vice chair of the Cancer Society board of directors said, “This chemotherapy unit is important to us, but even more so to all of the cancer patients that it will facilitate. It’s a breakthrough step to further improve the healthcare services here in the Cayman Islands.” 

Shane Foster, managing director of Progressive Distributors said, “PDL is extremely pleased to contribute as a partner sponsor to CICS for such a worthy cause that is dear to us and so many in our community. This project will help to benefit and give hope to others in the future. We are happy to be a part of that.” 

Mr. Brummer said, “This support is most appreciated. Through such generosity, we will get closer to meeting our target amount and open the doors of the new chemotherapy unit in the near future.” 

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Intertrust Cayman kids logo design participants with Charlotte Cloete of Intertrust, included, from left, Sherise Anglin, 5, Sherena Anglin, 9, Anya Davis, 5, and Edmund Pileta, 7.