Business in brief

New Maples partners  

Maples and Calder has appointed five new partners – Daniel Beckett, Jeremy Bomford, Michael Johns, Jonathon Meloy and Justin Pennay – in its Cayman Islands office.  

Mr. Beckett joined Maples and Calder in 2007. As a member of the firm’s Investment Funds group, he advises on the formation of hedge and private equity funds as well as general corporate and commercial matters. 

Mr. Bomford is also a member of the Investment Funds group and specializes in the establishment, launch, ongoing maintenance and restructuring of all types of Cayman Islands investment funds, particularly hedge funds and private equity funds, and acts for a diverse portfolio of clients in the asset management industry, ranging from startups to major financial institutions. He joined the firm in 2007 and also regularly advises clients on a range of corporate and commercial transactions.  

Mr. Johns’s expertise covers all aspects of corporate and finance law, including a range of banking and structured finance products, capital markets transactions, IPOs, mergers and acquisitions and joint ventures. He has been with Maples since 2010. 

- Advertisement -

Mr. Meloy, who joined Maples and Calder in 2008, has extensive experience in international capital markets and corporate finance transactions, and advises on all aspects of banking, fund financing, aircraft financing securitization and other structured finance matters. Mr. Meloy’s practice includes the formation and maintenance of all types of investments funds, with a particular focus on structured investment funds for fixed-income managers, including CLO equity funds and loan funds. He also advises on a range of corporate and commercial deals. 

Mr. Pennay has broad experience in litigation and insolvency with an emphasis on large scale litigation. His experience includes professional negligence matters, regulatory proceedings, contract and fund disputes and shareholder derivative actions. He also regularly advises on insolvency issues. He joined the firm in 2007. 

EY earns Apha award 

Hedge fund managers voted Ernst & Young as the top global accounting organization in this year’s Institutional Investor’s Alpha 2014 awards. EY also captured the crown in all five of the aspects of service on which hedge fund professionals were asked to rate accounting firms: audit, tax, regulatory and compliance, client service and hedge fund expertise.  

“This award is particularly significant because it is based on how managers across the globe feel about the work we do for them,” said Art Tully, partner, Financial Services, Ernst & Young LLP, and EY Global Hedge Fund Services co-leader.  

According to Institutional Investor’s Alpha, hedge fund managers rated EY firms for delivering the most added value in tax services and audit support. Managers also cited EY firms’ ability to adhere to tight timetables as an important quality.  

“These awards reflect our continuous efforts to exceed client expectations. We are proud that our clients continue to choose us as their global partner to help guide them through the evolving hedge fund industry as they face a number of challenges – from new regulatory requirements to data management,” added Michael Serota, partner, Financial Services, Ernst & Young LLP, and EY Global Hedge Fund Services co-leader. 

Ernst & Young LLP was also recently named Best Accounting Firm by the HFMWeek 2013 U.S. Hedge Fund Service Awards for the fifth consecutive year, and the EY organization, ranked as the top global audit and accounting service provider by Hedge Funds Review, for the third consecutive year, as well as Best Advisory Firm in the HFMWeek 2013 European Hedge Fund Services Awards for the third consecutive year.  

New attorney at Campbells  

Katherine Powell-Francis was admitted as an attorney-at-law in the Cayman Islands, after completing her articles with law firm Campbells. Partner Shaun McCann presented her qualifications to Justice Richard Williams in a Grand Court ceremony. 

Ms. Powell-Francis joined Campbells in 2007 as a legal secretary in the Corporate Department and later that year graduated from the Cayman Islands Law School. She earned an LLB with honors at the University of Liverpool. In 2008, she transitioned to a position in Campbells’ Corporate Services Ltd. and also entered the Professional Practice Course at the law school. In 2009, she earned a postgraduate diploma in legal practice, with sponsorship support from Campbells and the Cayman Islands government. 

“I am extremely grateful to the partners and staff at Campbells for affording me the opportunity to fulfill my dreams and to pursue new avenues in my career,” she said. “I believe that the knowledge I have gained from each of my supervisors during my articles is invaluable and thank them for their continued support.”  

John Wolf, head of Campbells’ Corporate Department, said, “We are delighted that Katherine has been called to the Cayman Bar and we are fortunate to have her as part of our team here at Campbells. 

“I look forward to seeing her continue to develop her legal skills in the coming years.”  


The new Maples partners are, standing from left, Justin Pennay, Jeremy Bomford and Jonathon Meloy, and seated from left, Michael Johns and Daniel Beckett.


Katherine Powell-Francis, pictured with Justice Richard Williams, left, and Shaun McCann, senior partner, Campbells, has been admitted to the Bar.
- Advertisement -

Support local journalism. Subscribe to the all-access pass for the Cayman Compass.

Subscribe now