Business in brief

Dillon Eustace approved as listing agent for CSX 

Law firm Dillon Eustace has been approved to act as a listing agent by the Cayman Islands Stock Exchange. 

The firm has listing teams in both its Irish and Cayman offices to service a range of listing jurisdictions.  

The approval by Cayman’s stock exchange provides Dillon Eustace with access to a wider investor base, the firm said.  

Matt Mulry, partner at Dillon Eustace, said the Cayman stock exchange has developed an established and reputable system for admitting the securities of a wide range of investment funds to its listing platform and is now recognized as a central part of the institutional structure of Cayman as a leading offshore domicile for investment funds. 

Because the Cayman Stock Exchange permits the listing of any type of fund, such as company, unit trust or limited partnership, various fund structures, including closed and open-ended, stand-alone and master-feeder structures, are all permitted to apply. 

The approval as a listing agent by the stock exchange will improve the efficiency of Dillon Eustace’s listing services, Mr. Mulry added. “Flexibility and transparency are key requirements for our client base, and as a recognized listing agent on CSX, we can offer further assurances on both.”  

Zulu distributors joins Cayman Islands Brewery 

Zulu Distributors, which distributes Red Bull products as well as a number of juices and sodas, will become part of the Cayman Islands Brewery next month, the makers of Caybrew announced.  

Zulu Distributors’ Andreas Kettner, a.k.a Zulu, will join the brewery team to head up the new soft drinks division. “We are delighted to have Zulu as part of the Caybrew team and this merger will see an increase in services to customers utilizing the resources of both companies,” said Caybrew commercial manager James Mansfield.  

A statement from the brewery, which enters its eighth year of operation, said the further expansion of the business will see increased economic activity with the addition of new facilities and employment opportunities. 

“As both companies have an impressive track record of community involvement, the merger will enhance this, and the Cayman Islands Brewery will continue its good corporate citizen programs in conservation and recycling, as well as supporting the many charities and causes that it sponsors,” the statement said.  

“Customers have been informed of the new arrangements which we believe will enhance their experience. We expect a smooth transition in operations as the merger takes effect in April,” the brewery statement said.  

Water Authority sponsors Rotary science fair 

The Water Authority has donated $1,000 to become a sponsor of the 2015 Rotary Central Science Fair on April 25 at the Camana Bay Arts & Recreation Centre. 

“Rotary Central thanks the Water Authority Board for its continued support of our Annual Science Fair, a worthy enterprise that continues to grow in popularity and prestige each year,” said Rotarian William Inniss, chair of the 2015 Science Fair. 

Water Authority Director Dr. Gelia Frederick-van Genderen said the Authority has seen firsthand the benefits of encouraging young people to pursue their passions in the sciences. 

“The recipient of the Authority’s 2014/2015 Annual Scholarship was Chynna Retumban, who won the award for Most Innovative Project at the 2014 Science Fair,” she said. “Chynna is excelling in her studies and the Authority is proud to help empower young people like her to pursue careers in the fields of science, technology, engineering and mathematics.” 

MaplesFS starts year with charity contributions 

MaplesFS kicked off 2015 with a number of charitable donations on behalf of its clients to local not-for-profit organizations and initiatives, including the National Trust for the Cayman Islands, The Pines Retirement Home and the Cayman Heart Fund’s annual Get Active Challenge.  

“We are overwhelmed by the generosity of MaplesFS, which has provided for the betterment of our community, environment and heritage for many years,” said National Trust Executive Director Christina McTaggart Pineda. “We are incredibly grateful to have a corporate partner like MaplesFS who gives back to the Cayman Islands in such a meaningful and lasting way.”  

MaplesFS also made a US$15,106.06 contribution toward one of The Pines’s residential projects, The Pines Villas.  

“We are so blessed to have had continuous financial support from MaplesFS on behalf of its clients. This generous donation will help us with the overhaul of two of the villas that need some inside repair,” said Lynda Mitchell, manager of The Pines. “The Pines Villas are rented to the elderly that are ambulatory and the constant upkeep can be quite costly. Receiving this large donation from MaplesFS will help us move forward with our plans to modernize the two villas.” 

MaplesFS also signed on as title sponsor of the Cayman Heart Fund and Children’s Health Task Force’s Get Active Challenge, an annual 12-week fitness program aimed at local high school students and donated $2,500 toward the program.  

Over the last quarter, MaplesFS on behalf of its clients has also made charitable donations to the Cayman Islands Public Library and the Cayman Airways Flight Club at Clifton Hunter High School.  

Student wins with Butterfield  

A visit to Butterfield’s booth at the recent Chamber of Commerce Careers, Education and Training Expo proved to be a winning one for local student Kimberly Denestra Rankin. She received an Apple iPad Mini for her participation in this year’s “It’s Your Job” Butterfield quiz game. 

Joanna Markman-Virtue, Butterfield’s manager of Human Resources, with iPad Mini winner Kimberly Denestra Rankin.


Water Authority administrative assistant Claudia Callander presents a donation to Rotarian William Inniss, chair of the 2015 Science Fair.