Business in brief

Watler joins CIMA board

Judith Watler has been appointed to the board of directors of the Cayman Islands Monetary Authority.

She will also serve on the board’s policy, strategy and legislative subcommittee.

Ms. Watler is Intertrust’s compliance director for the Americas, responsible for ensuring compliance with the anti-money laundering and regulatory requirements, as well as compliance with the group’s internal policies and procedures for all jurisdictions in the region in which Intertrust has offices.

“Ms. Watler has a deep understanding of compliance, from both the industry and the regulatory perspectives,” said Financial Services Minister Wayne Panton. “As a CIMA board member, her balanced viewpoint will contribute greatly to the Authority’s policy development and general administration.”

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Prior to joining Walkers Management Services, which was later sold to Intertrust, Ms. Watler worked at CIMA for approximately 14 years. Her most recent position at the authority was senior analyst in the Investments and Securities Division, where she was responsible for the supervision and regulatory compliance of a portfolio of regulated entities and licence holders.

Ms. Watler is also member of the board of the Cayman Islands Compliance Association.

The Phoenix Group grows management team

The Phoenix Group has added two new construction managers, Dale Hall and Keith McCarthy, to its management team.

Mr. Hall joins Phoenix with more than 35 years of commercial and custom residential experience, managing projects from Vancouver, British Columbia, to Orlando, Florida. He spent the past five years in Atlanta, Georgia. Mr. Hall specializes in high-end custom home building, food and beverage fit-out and hotel refurbishment.

Mr. McCarthy, a Canadian national, is both a construction manager and an expert in facilities management, Phoenix said. He has spent the past 10 years in Bermuda, where he coordinated multiple projects in diverse fields for BMC McAlpine. He has owned and managed his own Calgary custom home buildership, with more than 200 homes to his credit, and his experience will be used across commercial and residential projects for the Phoenix Group.

Altajir Bank appoints new manager

Altajir Bank has appointed Tricia Thompson as manager. The former deputy head of Bank Supervision at the Cayman Islands Monetary Authority has more than 20 years’ experience in the banking industry and most recently worked in compliance and project management in the private sector.

Mrs. Thompson replaces retiring manager Rosaleen Corbin, who after 30 years with the bank will stay active as a director and secretary.

Altajir Bank was established in 1974 and holds a category B bank and trust license. The bank offers deposit facilities including call and fixed-term deposits to nonresidents.

Walkers legal scholarship student spends year in Hong Kong

One young Caymanian legal student, whose studies are sponsored by Walkers, has recently completed a year of his law degree on exchange at the University of Hong Kong.

Michael Testori, a recipient of the 2011 Walkers Legal Scholarship, is studying the LLB at the University of Kent in the U.K. He has just completed the third year of this course as an exchange student at the University of Hong Kong, having been selected from a large number of applicants.

While in Hong Kong, he enrolled in many Chinese-orientated modules which are unavailable elsewhere, giving him a unique insight into the operation of the legal system in China and Hong Kong. “It was particularly interesting to gain an understanding of how different business sectors’ function in China and how they are opening up to the global economy,” he said.

In addition to studying Buddhism and attempting to learn the languages of the places he visited, Mr. Testori said, “I took part in as many sporting teams and activities as I could because I think it is important to make an effort to be accepted as part of the local community, which really made it feel like I was leaving a family when I left Hong Kong.”

Antonia Hardy, managing partner of Walkers’ Cayman Islands office, said the firm places great importance on giving younger lawyers valuable international experience. “We currently have a number of junior Caymanian lawyers posted to various overseas offices, including Hong Kong, Singapore and Dubai. For Michael to be able to gain this experience in Asia at the undergraduate level is remarkable, and we have been delighted to support him during this exciting adventure,” she said.

Since returning from Hong Kong, Mr. Testori has spent part of the summer working in Walkers’ Cayman Islands office in the Investment Funds Group as a Legal Intern, along with seven other young Caymanians. This summer has been his fourth year on the Walkers Legal Intern Program. He returns to the University of Kent in September to complete the final year of his law degree.

Campbells’ associate admitted to Bar

Jeremy Durston was admitted as an attorney-at-law in the Cayman Islands on Aug. 5.

Mr. Durston has had long ties to Cayman. His parents have been residents for upwards of 20 years and it was always his intention to make Cayman his home and to become a law practitioner in the islands. After marrying his wife Laura (nee Munyard) whom he met while attending the Truman Bodden Law School, his intention to permanently live in Cayman was solidified.

Mr. Durston completed the first two-thirds of his LLB degree at Truman Bodden Law School and later transferred to the University of Liverpool, where he graduated in 2008, receiving first class honors and the award for the best performance in the final LLB exams. He practiced for more than five years at Exchange Chambers in Liverpool in both civil and criminal law before returning to Cayman in 2013.

Mr. Durston joined Campbells in January as a paralegal and, since his admission, became an associate in the firm’s Litigation and Dispute Resolution department.

Deloitte supports Marathon Challenge

Deloitte staff presented $6,600 to Derek Haines on his return to Cayman from completing his fourth marathon in San Francisco this year. Mr. Haines said, “I am most grateful to all at Deloitte for their generous donation. Every contribution helps and with support from firms like Deloitte, I hope to keep moving towards my goal of $1 million [for Cayman HospiceCare].”

Mark Rutkowski, partner at Deloitte said, “Deloitte partners and staff were very pleased to be able to support Derek Haines and his inspiring Six Marathon Challenge to benefit the Cayman Islands HospiceCare. Contributions far exceeded what we normally raise on a monthly basis, thereby showing how Derek’s challenge has really motivated our team to really dig deep to help him meet his goal.”

Partners and staff raise funds each month via their Dress Down Friday campaign, which are then donated to local charities and nominated by staff. Funds are presently being raised for the Business Professional Women’s Club’s Back to School Campaign, and in September funds raised will go toward assisting with the soup kitchen run by the George Town Seventh-day Adventist Church.

Cayman Airways fun run benefits Feed our Future

Launching the airline’s 46th anniversary celebrations, Cayman Airways employees and their friends and families staged their first charitable 5K Fun Run/Walk in support of Feed our Future, which provides children in need with free school meals.

Fabian Whorms, president and CEO of Cayman Airways, said the objective was to bring CAL employees together for a morning of fun, team-building and exercise in support of a good cause. “This is a very special time of year for Cayman Airways as we celebrate our 46th anniversary and reflect on our support for the Cayman community over the past year. I am proud of all the staff who came out to support Feed our Future and participated with their colle
agues, friends, and families.”

Stacy VanDevelde, chairwoman of Feed Our Future, said the charity was honored to be the chosen to benefit from event.

“We are always inspired by such community driven initiatives which further support our mission of connecting children in Cayman to nutritious food when at school.”

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