Business in brief

Senior hire for Samson & McGrath’s 

Kim Grandage has joined Samson & McGrath’s expanding civil and commercial litigation practice.  

Ms. Grandage was called to the bar of the Cayman Islands by Justice Richard Williams. Prior to joining Samson & McGrath, Ms. Grandage practiced as a partner at Dunne and Gray in England and ran a department of 15 fee earners. Her principal areas of practice are personal injury, professional and clinical negligence, and common law and commercial litigation.

New hire at Mourant Ozannes

Christopher Harlowe has joined Mourant Ozannes as a partner in the Cayman Islands litigation and insolvency practice. 

He joined the firm on May 20 from Speechly Bircham where he was a partner and head of the Corporate Recovery and Insolvency group in London. Mr. Harlowe is an expert in contentious and non-contentious insolvency, restructuring and recovery work.  

Student investors awarded for winning stock trades  

Student investors from St. Ignatius Catholic School, Hope Academy and Cayman Prep & High School took the top three prizes in Saxon Investment Club’s 2013/2014 schools competition. 

Aaron Santamaria and Shaquille Morgan from Saint Ignatius won the first prize of US$2,500, followed in second place by Pierre Lesieur and Paul Laidlaw from Hope Academy, and Elliot Vernon and Giovanni Mylie Smith from Cayman Prep in third place. Second and third place winners were awarded US$1,500 and US$500, respectively. 

The students received their prizes from Education Minister Tara Rivers at an awards ceremony May 1 at St. Catholic Ignatius School.  

“I am happy to have been asked to support and present the awards to the winners of the Saxon Investment Club competition. I would like to thank Saxon for providing our students with this wonderful opportunity to learn about investing and managing money, the stock market, understanding the relationship between current events and stock trends, and wealth creation,” she stated. “I congratulate all of the winners, and would encourage more schools and students to take part in this exciting initiative next year.” 

Saxon CEO Brian Williams noted that the investment club has been operating in Cayman’s high schools for the past five years and has been successful in teaching students about money matters. 

“As the financial sector is one of Cayman’s two economic pillars, it is essential that Cayman’s youth are introduced to the world of finance. It is refreshing to see the ‘virtual results’ these students are capable of achieving and the excitement that the investment club has caused within the schools. Students have been proud of their accomplishments and that pride generates confidence in future endeavours, which is priceless,” Mr. Williams stated. 

The Saxon Investment Club is coordinated and administered by Saxon and is jointly sponsored by Silver Thatch Pensions and the Ministry of Education, Employment and Gender Affairs. The club provides students with the opportunity to become acquainted with stocks, money management, risk taking and goal setting by investing “virtual capital” into companies. Students work in teams and conduct “trading” through a virtual stock exchange with the supervision of a teacher. 

The program runs for six months. This year, 80 students from Hope Academy, St. Ignatius Catholic School, Cayman Prep and High School, John Gray and Clifton Hunter high schools participated.

Cayman captive industry at RIMS 2014

Representatives from the Cayman Islands captive insurance industry attended the Risk Management Society (RIMS) conference in Denver, Colarado. Members of the Insurance Managers Association of Cayman and members of the Cayman Islands Monetary Authority participated to promote the local captive insurance industry and provide answers on the practical and technical aspects of setting up and maintaining a captive in Cayman.  

Robert Leadbetter, IMAC chair, said “The annual RIMS conference is a wonderful opportunity to network with people from our largest captive market. We use this time to engage with our clients and collegues, discussing industry trends and how Cayman can efficiently satisfy the needs of the market.”  

A team of IMAC representatives will next be attending the Canadian Captives & Corporate Insurance Strategies Summit in Calgary, Alberta, May 28 and 29.

Cayman Enterprise City offers internships

Cayman’s special economic zone launched its Second Annual Internship Drive. In 2013, the initiative placed two young Caymanians to gain work experience at Cayman Enterprise City. 

This year, at least 10 internship positions will be available. Two of the places will be with CEC’s Business Development team, where interns will learn about the strategies to attract commodities and mining companies, internet and technology companies and media and marketing firms. Among other things, the interns will have the opportunity to join CEC’s Client Services team and become versed on the process to licence new companies into the zone. 

Chief Development Officer, local architect Cindy O’Hara will mentor the interns again this year, and as a Caymanian entrepreneur with several businesses, she will give advice on setting up and running a business. 

An additional 10 to 15 internship positions will be provided by zone companies.  

“We had great feedback last summer with this program and this year we are delighted to be welcoming up to 15 youngsters on zone internships,” said Hilary McKenzie-Cahill, VP of Marketing for Cayman Enterprise City. “Whether they get placed with CEC or one of the zone companies, we will ensure that they all get the chance to tour the zone buildings, meet other zone clients, see the master plans for the main campus and get an in depth understanding of the inner working of a Special Economic Zone.”  

Renee High, CEC’s client services executive who is running the internship program, encourages students to email her at [email protected] with their resume and a cover letter, stating why they should win a place. 

Mrs. High will also reach out to local schools, colleges and youth groups to let them know about the program.

Tower wins silver in advertising awards

Marketing communications company Tower won a Silver award in the Magazine Design category of the Caribbean Advertising Federation’s ADDY awards for its innovative design of the Cayman Islands Department of Tourism’s Travel Planner magazine.  

Lynne Byles, director at Tower, said the company had worked on an exciting project designing the 2013 Department of Tourism Travel Planner, a 100-page full-color magazine targeting American, Canadian and U.K. markets for travel to Cayman. “Tower worked closely with the team at the Cayman Islands Department of Tourism, and we are honored to share this win with their talented and dedicated staff,” Mrs. Byles said. 

Oneisha Richards, deputy director, international marketing, at the Department of Tourism, said the award was well-deserved.  

“Tower was able to design a beautifully creative magazine that appealed to our visitors and highlights the many restaurants, activities and accommodations in the Cayman Islands,” she said. “We were pleased with the quality of the publication and felt it was an extremely useful addition to our tourism collateral, showcasing our first class Caribbean vacation destination. We feel that Tower were greatly deserving of the Silver award.”  

Gold in the category was taken by Safari Publications Co. Ltd. from Trinidad and Tobago, which produces Belle Weddings magazine.

Intertrust offers Hong Kong secondment to Caymanian employee 

Intertrust Cayman’s Neydis Taveras will travel this month to Hong Kong, where she will be based on sec
ondment for six months with Intertrust’s office there. Ms. Taveras is the second employee in the past year from Intertrust Cayman to be sent overseas on secondment, as part of Intertrust’s International Mobility Program.  

In June 2013, Boris Brady, also a corporate administrator, was seconded for six months in Intertrust’s Dubai office. The program provides a further opportunity for the career development of Intertrust employees as they gain expertise and knowledge of Intertrust’s global services and experience in their international network. 

Caymanian joins Deloitte’s human resources team

Karysa Ebanks has joined Deloitte’s Human Resources department as an HR consultant. 

After completing her A Levels at St. Ignatius Catholic School, Ms. Ebanks earned her bachelor’s degree in management, with distinction, from Purdue University in Indiana. Her degree concentration was in organizational behavior and human resources.  

Her previous work experience has been across both HR and marketing functions within the banking industry. She is a member of the Cayman Islands Society of Human Resources Professionals. 

In her role at Deloitte, Ms. Ebanks is primarily involved in all talent related aspects of HR, including recruitment. Additional areas of responsibility are to assist with Deloitte’s internship and scholarship programs. 

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