Business in brief

Intertrust acquires CorpNordic 

Intertrust Group has completed the acquisition of CorpNordic, a corporate services provider in Sweden, Denmark, Norway and Finland. 

With this acquisition, Intertrust becomes the market leader of trust and corporate services in Sweden and Denmark, and expands its network with offices in Norway and Finland. This reinforces Intertrust’s acquisition strategy, aimed at extending its expertise and global capabilities in the light of ongoing globalization and clients’ increasingly complex needs, the company said in a statement. 

David de Buck, CEO of Intertrust Group said, “We strongly believe that this acquisition will benefit clients, business partners and employees. We are an excellent fit, both from a business and from an organizational perspective. Additionally, the transaction means both employees and clients may benefit from transfer of knowledge and experience between the two teams.” 

Marije van der Lint, managing director of Intertrust Cayman added, “With CorpNordic joining Intertrust’s strong global network, we will be able to serve more clients in the Nordics and more Nordic clients in other parts of the world, including here in the Cayman Islands.” 

Padraig Hoare joins Elian Fund Services 

Padraig Hoare has joined Elian Fund Services as an associate director. Mr. Hoare has more than 25 years’ industry experience, including 20 years in management positions in the financial services industry in Cayman. His focus at Elian will be on providing governance and oversight services to alternative investment funds. 

Before joining Elian, Mr Hoare, a chartered accountant, was global head of risk management at Admiral Administration – a specialist hedge fund administration firm. He has also worked at Dresdner Bank and Grant Thornton in Cayman, and held accountancy positions in Ireland and England. 

Scott Dakers, head of Elian Fund Services in Cayman, said, “Padraig is a real asset to our Fund Services team. He has a wealth of experience, which he has gained over many years in a number of key jurisdictions which will benefit our clients greatly. I look forward to working with him.” 

Appleby admits Caymanian lawyers to bar 

Caymanian lawyer Victoria King has been admitted as an attorney at law of the Cayman Islands and joined the dispute resolution team at Appleby (Cayman). Ms. King’s application was moved by Jeremy Walton, the firm’s local group head of dispute resolution, amidst her family, friends and Appleby colleagues.  

Ms. King was awarded a full legal scholarship from Appleby in 2011 and studied at the University of Law in Manchester. She joined the firm in late 2013 under its articled clerk program following completion of her legal studies. Earlier this year, she completed a 12-week secondment with Maitland Chambers as part of the Cayman Trainee Placement Scheme, which allows Caymanian articled clerks placement with leading Chancery Chambers in England and Wales.  

Wyndham Reef Resort hosted guests of CayFilm 

Wyndham Reef Resort hosted a number of working Hollywood professionals who visited Grand Cayman for the three-day festival, which featured more than 130 individual events including screenings, workshops, seminars and social events. 

Kel Thompson, managing director, Wyndham Reef Resort, said “CayFilm provides a great opportunity for visiting actors, producers and filmmakers to experience Cayman’s stunning scenery and exotic flora and fauna, and to consider the Cayman Islands as a backdrop for their future projects.” 

The festival closed with a cocktail reception on Sunday evening, hosted by Wyndham Reef Resort. 

Appleby advised on four Hong Kong stock exchange listings 

Offshore law firm Appleby advised on four listings on the Hong Kong Stock Exchange’s Growth Enterprise Market. They include i-Control Holdings Limited, Guru Online Limited, Golden Power Group Holdings Limited and Pinestone Capital Limited. Appleby acted as Cayman counsel to the first three listings and Cayman & BVI counsels to Pinestone. 

The new additions to HKEx come from a variety of industries. i-Control is a leading system integrator in video conferencing and audiovisual solutions, while Guru Online is an integrated digital marketing service provider. Golden Power manufactures and sells a broad range of batteries, and Pinestone provides financial services to individual and corporate clients in Hong Kong.