Business in brief

RBC Royal Bank opens new branch 

RBC Royal Bank opened a new branch at Caribbean Plaza with a ribbon-cutting event this month. “Today represents another milestone in RBC’s ongoing commitment to the Cayman Islands,” Michael Munnings, country head and are vice president, RBC Royal Bank Personal Banking said at the Oct. 2 opening. “This location will enable us to conveniently serve our clients in the Seven Mile Beach and West Bay districts and allow everyone in the area to get to know more about our products and services.” 

RBC said it invested about US$1 million in the development of the new branch, its third branch in Cayman. 

“During 50 years of service in the Cayman Islands, RBC has put its global strength to work for thousands of clients,” said Nathaniel Beneby, managing director of RBC Royal Bank in the Bahamas, Cayman and the Turks and Caicos Islands.  

In celebration of its 50th anniversary and the opening of the Caribbean Plaza branch, RBC donated US$15,000 to the Cayman Islands Cancer Society.  

SteppingStones begins Investors in People accreditation 

Local recruitment agency SteppingStones has formally begun the Investors in People accreditation program, after the company received the “Working with Investors in People Certification” at the end of September. 

Owned by the U.K. government, Investors in People provides a best practice people management standard, offering accreditation to organizations that adhere to the Investors in People standard. The standard aims to deliver continuous improvement to the development of all employees in areas including communications, learning and development, employee empowerment, leadership and management. 

“Investors in People strive to help companies focus solely on their main asset, their people. It’s about our staff being motivated, being educated and being productive. It’s about our staff being happy,” said Ciara Aspinall, general manager at SteppingStones. 

SteppingStones begins the program immediately and is aiming to achieve accreditation by summer 2015. “We are exceptionally excited to start this journey. Over the coming months, our team will be on a journey of insight and development to achieve the accreditation,” said Milly Serpell, managing director at SteppingStones.  

“As people are at the heart of everything we do, this is a huge opportunity for us as an organization,” she added. 

Walkers appoints three Caymanian articled clerks 

Renee Prendergast, Arleth Ebanks and Rebecca Peck join Walkers articled clerks. 

The three former Walkers scholarship recipients have completed their legal education and are now going to through the firm’s training program. During the next 18 months, they will rotate through all of the firm’s key practice areas, with a view to being admitted as qualified attorneys with Walkers in 2016. 

Ms. Prendergast was born and raised in the Cayman Islands. A former student of John Gray and St Ignatius High Schools, she completed her LLB and Legal Practice Course with commendation at Cardiff University in the U.K. Arleth Ebanks has lived in the Cayman Islands for most of her life. After attending John Gray High School, she obtained a Bachelor’s degree in Business Administration with a concentration in Finance and completed the graduate diploma in Law at Nottingham Law School. She recently passed the Legal Practice Course with commendation at BPP University in Manchester. 

Ms. Peck graduated with a Bachelor of Arts in History and Politics from the University of Sheffield and did the Graduate Diploma in Law in 2013 at the University of Law in London, where she also completed the Legal Practice Course. She was raised in Grand Cayman and attended Cayman Prep and High School, before completing her schooling in the U.K.  

Since the formation of the firm’s Trainee Committee in 2002, Walkers has trained 28 Caymanian articled clerks who all went on to be admitted as attorneys. The firm’s current intake of articled clerks: Arikka Ebanks, Nan Erb, Patrick McConvey and Jamie McGee, are all expected to qualify as attorneys in 2015. 

Appleby named firm of the year in asset recovery  

The 2014 edition of Who’s Who Legal 100 recognized offshore law firm Appleby as the Firm of the Year in the asset recovery sector. 

Who’s Who Legal 100 evaluates the world’s top law firms using research into the global business law marketplace, including interviews, votes and recommendations from leading lawyers and their clients in over 140 jurisdictions. This year’s research featured eight Appleby lawyers in the practice group from five of the Appleby’s offices, including Bermuda, British Virgin Islands, Cayman, Isle of Man and Jersey. Overall, 33 lawyers from 10 practices were recognized by the publication. 

Who’s Who Legal noted that Appleby continued to expand its presence in the global market. This year, the firm announced that it is the first offshore law firm that obtained a legal license to practice offshore law in Mainland China.  


At the ribbon cutting to mark the opening of the new RBC Royal Bank branch were CIMA Deputy Managing Director Anna McLean, third from left, and MLA Joey Hew, fourth from left, with, from left, RBC’s Mitzie Bailey, Nathaniel Beneby, Michael Munnings, Deborah Zonicle and Elicia Copeland. – PHOTO: CHRIS COURT


Eric Jenkinson from Investors in People with the team from SteppingStones.


From left, Anthony Partridge, Walkers senior counsel; articled clerks Rebecca Peck, Renee Prendergast, Arleth Ebanks and Antonia Hardy, and managing partner of Walkers’ Cayman office.

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