Business in brief

KPMG renews partnership with St. Ignatius 

KPMG renewed its sponsorship of the A Level, AS Level and International General Certificate of Secondary Education programs at St. Ignatius, allowing 25 students across all three programs to enroll in accounting classes for the 2015/16 academic year. 

Dominique Chenier, accounting teacher at St. Ignatius, said there has been a significant increase in the number of Year 10 students who chose accounting this year, which means there is a solid group of students for the next four years, as most students who take the IGCSE option end up completing the AS Level and A Level programs.  

“I am confident that we will also see a large number of current Year 9 students choose the accounting option next year,” Ms. Chenier said. “KPMG’s generous sponsorship has allowed the students to obtain the most up-to-date textbooks each year, which is not always possible on a school budget. Other resources include revision guides, class posters, and ratio analysis bookmarks.”  

The students also visited KPMG’s offices, where they heard from employees who have benefitted from scholarships, participated in real-life business cases and learned more about a career in accounting.  

“Apart from the annual sponsorship, KPMG has also awarded very generous scholarships to study overseas to our most promising students once they have completed the A Level program,” Ms. Chenier said. 

Last year, Sean and Daniel Murphy received an annual scholarship of US$30,000 each and are on their way to study accounting at the University of Nottingham in the U.K. Another St. Ignatius accounting student, Rochel Gardner, was awarded the Novelette Ebanks Inspirational Scholarship, receiving US$50,000 per annum to study accounting at the University of Indiana in the U.S.  

Walkers welcomes two new articled clerks 

Two new articled clerks have commenced Walkers’ Articled Clerk Training Program. Each will spend the next 18 months undergoing training, rotating through the firm’s key practice areas, on their journey to becoming qualified attorneys with Walkers. 

Sarah Dombowsky and Christopher Dibben, who joined the firm on Oct. 19, are both former Walkers scholarship recipients and have previously participated in the Walkers Legal Internship program. They join Walkers’ four existing articled clerks Renee Prendergast, Arleth Ebanks, Thea Maitland and Rebecca Peck.  

Four articled clerks, who commenced their training at Walkers last year, have been admitted to the Cayman Islands Bar this year. 

Ms. Dombowsky was a recipient of the 2009 Walkers Legal Scholarship. She completed her schooling at St. Ignatius Catholic School and then undertook her LLB degree at the University of Kent in the U.K., graduating with First Class Honours in 2013. During the past academic year, she completed the Legal Practice Course at BPP in London and was awarded a Distinction.  

Mr. Dibben was a recipient of the 2011 Walkers Legal Scholarship. He attended St. Ignatius Catholic School until Hurricane Ivan in 2004, after which he moved to the U.S. and completed his schooling in Coral Springs, Florida. He undertook his LLB degree at the University of Exeter in the United Kingdom, graduating with upper Second Class Honours in 2013. He then completed the Legal Practice Course in 2014 at the University of Law (Bloomsbury) in London and was awarded a Distinction.  

Anthony Partridge, senior counsel with Walkers and chairman of the firm’s Trainee Committee, said, “We look forward to seeing Sarah and Christopher completing their Articles and building a rewarding career with Walkers in the challenging field of law.” 

Since 2002, Walkers has trained 31 articled clerks, all of who went on to be admitted attorneys, the firm said in a press release. 

Harneys adds lawyer to litigation team  

Harneys has added a new Cayman-based lawyer to its global litigation and insolvency practice. Senior Associate Paul Madden joined the firm last month. He has extensive liquidation and receivership experience advising financial institutions in proceedings against borrowers, advising shareholders in commercial disputes and other financial related litigation.  

Harneys has also added two new BVI-based lawyers to the global practice, with the addition of Counsel Timothy Frith and Associate Francesca Gibbons. 

Appleby hires funds partner 

Sailaja Alla has joined the Cayman funds practice of Appleby as a partner. 

Ms. Alla returns to Appleby, having spent seven years with the firm from 2000 to 2007 before she moved to Hong Kong with another offshore firm.  

Ms. Alla has spent the last three years at Harneys and she now has 15 years of funds experience, specializing in the formation, maintenance and restructuring of a range of investment funds utilizing corporate, partnership and unit trust structures. 

Restructuring and insolvency expert joins Mourant Ozannes 

Senior Associate Delia McMahon has joined Mourant Ozannes litigation practice in the Cayman Islands.  

Ms. McMahon joins from commercial law firm William Fry in Ireland. She specializes in contentious and non-contentious restructuring, corporate recovery and insolvency matters across national and international corporate clients and financial institutions.  

Ms. McMahon has also lectured widely on corporate restructuring and insolvency law matters and co-wrote the “Incorporated Law Society of Ireland Business Law Manual.” 

‘Walk for the Cure’ sees big response 

CIBC FirstCaribbean’s annual ‘Walk for the Cure’ 5K fun run/walk for the benefit of the Cayman Islands Cancer Society drew more than 900 people on Oct. 4. 

With events held across the bank’s network of 17 Caribbean territories, more than 20,000 people joined in the walks, collecting more than US$350,000 so far this year, eclipsing the US$190,000 raised last year.  

For the bank’s Cayman branch, this year’s walk was especially poignant, following the sudden death of CIBC FirstCaribbean’s Head of Corporate Banking Al Aaron, who lost his battle with cancer earlier this year.  

“The response we have had to this year’s ‘Walk for the Cure’ has been nothing short of phenomenal, with more than four times the number of registered walkers from last year,” said CIBC FirstCaribbean Walk Manager Shadden McLaughlin.  

“We held our walk this year in memory of Mr. Al, who worked with us for over 30 years and it was important to our staff to do something really special in his honor. In fact, because Mr. Al always kept his head shaved, some of our employees even went so far as to shave their heads as well.” 

Since CIBC FirstCarib­bean’s staff began their fundraising drive in March, they have raised more than US$77,000. 

St. Ignatius accounting students with KPMG partner Sheenah Hislop and accounting teacher Dominique Chenier.
St. Ignatius accounting students with KPMG partner Sheenah Hislop and accounting teacher Dominique Chenier.

Sailaja Alla has joined the Cayman funds practice of Appleby as a partner.

Sailaja Alla has joined the Cayman funds practice of Appleby as a partner.

Sarah Dombowsky and Christopher Dibben have joined Walkers’ Articled Clerk Training Program.

Sarah Dombowsky and Christopher Dibben have joined Walkers’ Articled Clerk Training Program.

At CIBC FirstCaribbean

At CIBC FirstCaribbean’s Walk for the Cure last month were, from left, Joy Anglin, Betty Ann Duty, Deputy Governor Franz Manderson, Shadden McLaughlin, Jennifer Weber, Dr. Sook Yin, Dr. Steven Standiford (Cancer Centre of America) and Miss Cayman Islands Tonie Chisholm.