Business in brief

Ogier Fiduciary Services rebrands

Following a management buyout from the Ogier Group in June, Ogier Fiduciary Services has rebranded as Elian.

The firm, led by CEO Paul Willing, said it has developed a growth strategy based on organic growth and the consolidation of its position in core markets, and acquisitions.

Elian offers corporate services, fund services, private wealth and capital services and employs 500 people in 10 offices.

CISPA gala honors accounting professionals

The Cayman Islands Society of Professional Accountants will honor 11 Caymanians who are newly qualified accountants or recent UCCI and ICCI graduates with a degree in accounting, at the Society’s annual gala at The Ritz-Carlton, Grand Cayman on Oct. 11.

“The path to becoming a qualified accountant is not easy,” said Sheree Ebanks, chief executive officer of CISPA. “It takes a lot of dedication to finish a degree and then go on to complete a professional qualification like the CPA or ACCA. The gala is one way in which we welcome new accountants into their future careers.”

Sheenah Hislop, president of the not-for-profit organization that regulates and promotes the accounting profession, said the event will allow CISPA “to highlight the strength of accounting in the Cayman Islands, which is imperative to the continued success and development of Cayman’s financial services industry and related sectors of the economy.”

“The gala allows the Cayman community to come together and acknowledge those who have put in countless hours to attain these phenomenal accounting achievements,” added Peter Small, chairman of CISPA’s Membership Development Committee.

The event is sponsored by Ernst & Young, Deloitte, KPMG, PwC, KRyS Global, CML Offshore, Grant Thornton, Rawlinson & Hunter, RSM Cayman, and Pinnacle Media.

Mourant Ozannes to hold trusts conference

Offshore law firm Mourant Ozannes will host its fourth International Trusts & Private Client Conference in the Cayman Islands on Oct. 3 at The Ritz-Carlton, Grand Cayman.

Key speakers this year are drawn from the U.K., Switzerland, the U.S. and the British Virgin Islands and include Benjamin Booker (Caledonian Group Financial Services), Andrew De La Rosa (ICT Chambers), Anthony Poulton (Baker & McKenzie), Dawn Goodman (Withers), Joshua Rubenstein (Katten Muchin Rosenmann LLP), and Tina Wüstemann (Bär & Karrer).

They will join Mourant Ozannes speakers Jim Edmondson, Jeremy Wessels, Jonathan Speck, Christopher Edwards, Bruce Lincoln, Lucy Diggle and Eleanor Morgan on the program.

Morven McMillan, head of Mourant Ozannes International Trusts & Private Client team and co-chair of the event with Shân Warnock-Smith, said the motivation for the conference is to promote the Cayman Islands as a center of excellence in wealth management and to build on the reputation of the jurisdiction and the people who practice within it.

Maples and Calder expands litigation team

Two attorneys have joined the Maples and Calder litigation and insolvency team in the Cayman Islands.

Gemma Newell, who holds a master of laws degree from University College Dublin, joined the firm in August from Arthur Cox. She previously worked in Ireland on insolvency and general commercial litigation matters, including advising office-holders, shareholders and directors, as well as dealing with security enforcement and restructuring proceedings. She was admitted as an attorney-at-law in the Cayman Islands by Justice Charles Quin on Aug. 7.

Anna Perry joined Maples and Calder from Clifford Chance in London, where she was a member of the restructuring and insolvency group. She holds a law degree from the University of Bristol and was admitted as an attorney-at-law in the Cayman Islands on Sept. 9 by Justice Panton.

Caribbean Export awards funds to agro-processing firms

The Caribbean Export Development Agency (Caribbean Export) has announced it will award US$255,000 in financial assistance to CARIFORUM agro-processing firms as part of the Regional Private Sector Development Program funded by the European Union under the 10th European Development Fund.

Internationally, exporters are obligated to comply with the food safety requirements of the desired export markets, a requirement that often restricts exports by the fragmented and underdeveloped sector.

“It is of paramount importance that food producers are able to compete on a global scale. This can only be achieved through meeting the stringent regulatory or certification needs for international food safety,” Pamela Coke-Hamilton, executive director of the agency, said. “The allocation of these funds will help these businesses in the first instance to get them export-ready or be able to increase their exports to new markets. This is the boost that the sector in the region needs.”

On May 28, the agency released a call for proposals on food safety for CARIFORUM agro-processing firms, specifically to address the issue of exporters and producers not meeting certain food safety requirements for the EU market.

Of the 55 applicants, 22 companies have been awarded a grant to a maximum value of €10,000 US$12,600). The successful applicants were from Barbados, Belize, Dominica, Dominican Republic, Grenada, Guyana, Jamaica, St. Lucia, Suriname and Trinidad and Tobago.

It is anticipated that the beneficiaries of these grants wishing to export to the European Union market will use the funds to ensure food production under standard quality control conditions that meet the sanitary and regulatory requirements of the EU market.

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