Business in brief

New articled clerk at Campbells passes PPC with Distinction  

Campbells attorneys announced that Laetitia Bush has passed the legal Professional Practice Course (PPC) at the Truman Bodden Law School with distinction and will be starting her articles with the firm in August.  

Ms. Bush began her career in the field of entomology, earning a bachelor’s degree in biology and a master’s degree in pest management (applied entomology). She completed a PhD in entomology in 2002 from Imperial College London.  

When Ms. Bush moved to Cayman in 2003, she took up the post of senior research assistant with the Mosquito Research and Control Unit. She began working with Campbells in January 2012 and started pursuing a law conversion course.  

“I am delighted to be on this new career path and am grateful to the partners of Campbells for recognizing my potential and offering me this opportunity,” Ms. Bush said.  

“We are very proud of Laetitia’s accomplishments,” said Ross McDonough, managing partner and head of litigation at Campbells. “Laetitia is a very determined and driven individual with a very promising career ahead of her in the field of law. She is a valued asset to the firm, and we look forward to her being called to the Cayman Bar in due course, and her continuing legal career with Campbells.” 

RBC honored as Global Retail Bank of Year 

RBC was awarded recently with the title of Global Retail Bank of the Year at the yearly global awards competition sponsored by Retail Banker International. 

In addition, RBC was short-listed in five other categories: North American Retail Bank of the Year; Retail Banker of the Year; Best Branch Strategy; Best Use of Digital Marketing; and Best Digital Channels Strategy, which received an honorable mention. 

“By every measure – record financial performance, sustainable profitable growth and outperforming its peer group in a wide variety of metrics – RBC led the way in North America and internationally,” said Douglas Blakey, editor, Retail Banker International. “RBC is also being recognized for continuing to dominate the Canadian landscape in terms of good governance, integrity, diversity and corporate social responsibility, which all contributed to an exceptional year for RBC.” 

RBC was the only Canadian bank to win an award among a field of nearly 300 banks nominated for RBI Awards globally. 

“It’s a great honor to see RBC recognized globally,” said Gord Nixon, RBC’s chief executive officer. “These awards are a testament to the outstanding leadership of our president, Dave McKay, formerly the Group Head of Personal & Commercial Banking, and our employees’ incredible dedication and commitment to serving our clients and supporting the communities in which we operate.” 

This year’s RBI Awards program marks the third year in a row that RBC has been among the most recognized banks.  

New Cayman-registered super yacht launched 

Netherlands-based shipbuilder Oceanco recently launched Equanimity, described as the first super yacht of its kind, with regulatory oversight from the Cayman Islands Shipping Registry, according to the Maritime Authority of the Cayman Islands. 

The luxury yacht, which stretches a little over 300 feet, reportedly is the first to be designed and built to the Passenger Yacht Code. As a certified passenger yacht, it can accommodate more passengers, in this case, sleeping 26 guests and 28 crew.  

Oceanco worked with design team Azure Naval Architecture, Andrew Winch Designs (for the interior), Lloyd’s Register and the Cayman Islands Shipping Registry to design the ship within the requirements of the PYC. 

“Working together with Lloyd’s Register and Cayman Islands Shipping Registry, we designed, developed, engineered and built a magnificent yacht, which will undoubtedly set new standards in the industry,” said Marcel Onkenhout, CEO of Oceanco. 

The Cayman Islands Shipping Registry was an integral part of the project, providing regulatory oversight to ensure that the ship would meet the standards of the PYC.  

The development of the PYC was led by the Cayman Registry in the Red Ensign Group Technical Forum. It applies to pleasure yachts of any size which are in private use or engaged in trade and which do not carry cargo and carry 13 to 36 passengers.  

Enhance launches office in Cayman  

Enhance, a provider of investment oversight services in the fiduciary sector, has announced the opening of a new office in the Cayman Islands. The decision to open the office in the Grand Pavilion building in Grand Cayman was taken due to the company’s significant growth over the past year, including an increase in clients with Caribbean-based interests. 

Lee Quemard has joined the Cayman Islands office as a business development director for the Caribbean region. Mr. Quemard has 17 years’ experience in private banking, employee benefits and wealth management. He will support clients with investment reporting and oversight, investment manager selection, Alternative Investment Fund Managers Directive risk analysis and transparency reporting. 

“While we are experiencing such high levels of growth, it is essential that we expand into new locations in order to support our international clients,” said Mr. Quemard. “The Cayman Islands have a large and thriving trust community that we have been working with for many years. Having a physical presence there is a logical next step in building better relationships in that region. I am delighted to be joining the team in the Cayman Islands and am very much looking forward to the new and exciting opportunities that this relocation will offer. ” 

Maples and Calder raises money Cayman’s ARK 

The staff of Maples and Calder’s Corporate Services department recently raised $2,000 for Cayman’s Acts of Random Kindness, or ARK, a local charity. The money will benefit a local family to help defray mounting medical treatment costs for their child. 

Tara Nielsen of Cayman’s ARK thanked the Maples and Calder Corporate Services team, adding, “We are appreciative of everything you have all done for this family in need.”  

Maples and Calder’s head of corporate services, Allison Smith, said, “We are extremely grateful for the staff’s support of our departmental efforts as the MCS twice yearly bake sales are held to raise money just for these types of situations. We are especially happy to assist when they involve children.” 

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