Business in brief

MacLean joins Strategic Risk Solutions  

Dan MacLean, former managing director of AON in the Cayman Islands, has joined Strategic Risk Solutions, a provider of captive management and consulting services. 

Mr. MacLean will be a managing director of the company together with Wayne Cowan, Ron Sulisz and Seamus Tivenan. 

During his 16-year tenure with Aon, he was responsible for the firm’s captive management operations in the Caribbean, as well as the firm’s insurance brokerage in Cayman. 

“We are pleased to welcome Dan aboard at SRS,” said Brady Young, president and CEO of Strategic Risk Solutions. “We continue to see strong demand for our services in Cayman. Dan’s arrival allows us to meet that demand while maintaining and building on the high level of customer service provided to our clients.” 

Walkers hosts Fundamentals Seminars in US and London  

The offshore law firm will host three investment fund seminars in London, New York and San Francisco. 

The seminars, “Everything Offshore – Funds in 2015,” will cover the latest trends in fund terms for both hedge and private equity funds, as well as the global focus of institutional investors, recent developments in fund governance and regulation and what to expect in 2015. 

Each seminar will feature a keynote speaker, with economics editor, writer and broadcaster Robert Peston speaking at the London event. Named by London’s Evening Standard as “the authoritative voice on the U.K. economy,” Mr. Peston has been named Journalist of the Year by the Royal Television Society and is the former political and financial editor of the Financial Times. Speaking at both of the U.S. seminars will be Jane Buchan, managing director and CEO, of the Pacific Alternative Asset Management Company (PAAMCO). 

The Walkers Fundamentals London Investment Funds Seminar takes place on Wednesday, Oct. 8, at The Honourable Society of the Inner Temple. The seminar series continues in New York on Nov. 18 at The Harvard Club, and the San Francisco seminar on Nov. 20 at the Ritz-Carlton. 

“We are excited to bring the Walkers Fundamentals seminar series to both sides of the Atlantic this year and we look forward to sharing the insights from our 360-degree perspective on funds,” said Ingrid Pierce, Walkers’ global managing partner. “The implementation of the FATCA and AIFMD regimes this year have kept regulatory issues in sharp focus for our clients and our Global Outlook panel will highlight some of the key opportunities for cross-border deals, at an interesting point in the investment cycle. We expect another highly topical seminar series with some lively debate.” 

The Walkers Fundamentals seminars in the U.S. will coincide with the annual release of Walkers’ Global Investment Funds Outlook, a White Paper featuring insight into the latest developments in offshore investment fund structures. The White Paper is based on a survey of all the Cayman Islands funds that Walkers has established for clients during 2014 and demonstrates the emerging trends on liquidity, measures implemented to deal with redemptions and other factors, including board composition and side letters. 

The Walkers Fundamentals Investment Funds seminar series was established in 2008 and attracted more than 500 delegates to the U.S. events last year.  

Harneys sponsors young Caymanian to pursue law degree 

Cayman law firm Harneys has awarded a young Caymanian a scholarship to study law in the U.K.  

Sydonie Barrett, 19, former student at St. Ignatius School, graduated with honors in 2012, before beginning her degree in law at the University of Surrey in the U.K. this September. During the summer, she interned at Harneys.  

Managing Partner Marco Martins said Sydonie’s many outstanding achievements and her motivation to succeed caught the attention of the firm. 

“Sydonie impressed us greatly with her qualities and successes, such as being involved in the Cayman Islands CPA 4th and 5th Youth Parliament, undertaking roles as ‘Deputy Premier’ and ‘Leader of the Opposition,’ as well as winning the academics category in the Cayman Islands ‘Proud of Them’ initiative last year,” he said. “We have followed Sydonie’s progress over the years, having sponsored her trip to China for the Global Young Leaders Conference. We are delighted that she has chosen law as her field of study and are happy to assist her in this way.” 

Mr. Martins said that Harneys had given Ms. Barrett the opportunity to qualify with a law degree and postgraduate qualification, which in turn will allow her to undertake articles of clerkship.  

Appleby advised KeyTech in WestTel purchase 

Appleby acted as Bermuda counsel to KeyTech Limited (KeyTech) and its subsidiaries in connection with the sale of its wholly-owned subsidiary The Bermuda Telephone Company Limited (BTC) and the purchase by its Cayman subsidiary, WestTel Limited, of BOTCAT Holdings Ltd., the Cayman holding company for the WestStar TV group, which has provided KeyTech with a majority shareholding in Cablevision.  

KeyTech is a publicly listed company traded on the Bermuda Stock Exchange (BSX), which has investments in the communications infrastructure in both Bermuda and Cayman. 

Steven Rees Davies, counsel at Appleby who led a team of 14 lawyers across four practice groups, said, “This transaction was complex and ambitious from the start. The complete breadth of Bermuda corporate law, including the Bermuda Stock Exchange Regulations to property holding powers and from electronic communications law to exchange control regulations, and the number of parties involved over the two separate yet inextricably linked transactions created a unique complexity that required immense coordination and cooperation by all involved.”  

SRS-Group

Dan MacLean with fellow managing directors Ron Sulisz, Wayne Cowan and Seamus Tivenan.

Harney-Scholarship

Scholarship recipient Sydonie Barrett and Harneys Managing Partner Marco Martins.

Comments are closed.