Business in brief

KRyS Global opens Cyprus office 

Fraud investigation and dispute resolution firm KRyS Global has opened an office in Limassol, Cyprus. The office will focus on servicing current and prospective clients in central and eastern Europe and the Commonwealth of Independent States region, in the areas of restructuring, forensic and asset recovery services. Lee Coles is leading the new office. 

Mr. Coles has specialized in leading fraud investigations for the past 12 years, working with teams across multiple industries in multiple locations. In recent years he has focused on the CEE/CIS region, including leading major projects in Russia, Ukraine and the Balkans as well as a large number of engagements in Budapest, Prague and Vienna.  

Mr. Coles has spent the past 18 years with one of the Big 4 accounting firms.  

“The decision to retain Lee and have him on the ground in the CEE and CIS is unique for fraud investigation firms who specialize in the offshore,” said founder and executive chairman Kenneth Krys. “With Lee’s background and experience, we will be able to react in real time while having a full appreciation of the culture and practices in that region. No other firm offshore is able to say they have that capability,”  

Consolidated Water dividend 

The board of directors of Consolidated Water Co. Ltd. has declared a quarterly cash dividend of $0.075 per share. The cash dividend is payable July 31 to shareholders of record at the close of business July 1. 

Deutsche Bank new chief operating officer 

Sophie Ebanks has been appointed chief operating officer for Deutsche Bank in the Cayman Islands.  

Ms. Ebanks will assume responsibility for an extended range of operational activities and services within Cayman, including management and oversight of the bank’s local infrastructure and premises. 

Ms. Ebanks joined the Cayman office in 2003 in a marketing role within its Financial Intermediaries business area. In 2006 she became a relationship manager, and six years later she was appointed head of Booking Center Services for the bank’s Asset and Wealth Management business area in Cayman.  

Janet Hislop, chief country officer of Deutsche Bank Cayman, said: “I am delighted to welcome Sophie, a hugely experienced member of the team in Cayman, into her new senior position at the Bank. Having worked across the Bank’s business areas and in a range of roles within Cayman, Sophie is uniquely placed to understand the operational environment we work in. Her experience and knowledge will undoubtedly prove invaluable to the Bank in her new role.” 

CICA elects new executive committee  

The Cayman Islands Compliance Association elected its executive committee for the forthcoming year at its annual general meeting. 

Sandra Edun-Watler was re-elected president. Ben Tonner, Ian Patrick and Robin Jarvis were re-elected as vice president, secretary and treasurer, respectively.  

Other elected members of the executive committee are Nanalie Cover, Ger Finnegan, Padraig Hoare, Peter McKiernan, Angela Nightingale, Karen O’Brien, Stephanie Scott, Kate Taft, Judith Watler and Wiekert Weber. 

“CICA encompasses members which represent the many diverse aspects of the financial services industry compliance regime and other regulatory functions,” said Edun Watler. “It is a welcomed addition to have an executive that reflects this range. As the Cayman Islands is in the midst of a National Risk Assessment, it is vital that we have a high level of interest and participation in the association.”  

CEC seeking summer interns 

Cayman Enterprise City invites young Caymanians to apply for several internships available in the special economic zone through its “Summer in the City” internship program. 

CEC said its internship program has been so successful and sought after that the number of internships available this year has been increased.  

Cayman Enterprise City and zone companies that have embraced the program are working together to firm up this summer’s internship positions.  

“No matter where they get placed in the Special Economic Zone, all interns will gain interesting experience with international zone companies, some in technology, others in media or commodities,” said Sasha Carrig, CEC’s client services executive responsible for running the internship program. “It may be challenging, but they’ll meet zone clients and get a chance to network at zone internship events, and if they are keen to learn and work hard, then this will be an unparalleled experience for them.”  

Two interns will also work alongside the zone developers, one in marketing and the other in client services, to learn how CEC markets the Cayman Islands to the world and relocates companies here. They’ll also observe CEC’s Business Development team to see what strategies the team members use to attract clients from the fields of commodities, Internet, science and technology, media and marketing, and maritime services sector.  

Interested students are asked to email Sasha Carrig at [email protected] with their resume and a compelling, well-written cover letter explaining why they should win a place. CEC also recommends that they load their resumes directly to as some of the internship positions are posted on that forum. 

PwC introduces public speaking project 

Volunteers from PwC who each week work on the PIN after-school program introduced George Town Primary School students ages 10 or 11 to the challenges of public speaking. 

The students were given the task of researching and then writing a power point presentation on a famous person, sport or country and then to present their power point to a panel of PwC volunteers.  

Reyanna Forbes was acknowledged for Best Content on her presentation on pop star Iggy Izalea; Kesiah Campbell for Best Slideshow for pop star Natalie La Rose; Dwight Brown for Best Presentation Skills for his project on Brazilian football player Neymar da Silva Santos, and Danielle Waugh, who received the highest overall score for her presentation on Canada. Each participant was presented with a PwC certificate to mark their achievement.