Cayman business in brief

Cable & Wireless and Manchester United team up  

Cable & Wireless Communications has announced a partnership with football club Manchester United. 

The exclusive, multiyear agreement awards C&W, and its retail brand Flow, sponsorship and media rights for the Caribbean. Both organizations will work together to help further grow football across the region, through competitions and coaching programs with Manchester United Soccer Schools, the company said in a press release. 

The new partnership will also provide Caribbean fans with the chance to win tickets to Manchester United games, signed merchandise, as well as interaction with Manchester United Legends such as club ambassadors Bryan Robson, Andy Cole and Dwight Yorke. 

John Reid, president of C&W’s Consumer Group, said, “I am delighted to sign this landmark partnership agreement with Manchester United … Our aim is to become the home of sports in the Caribbean, and there is no better way to demonstrate our ambition than by partnering with one of the biggest sports brands in the world. 

“This agreement with Manchester United is the latest in a series of strategic partnerships that already includes the Premier League and the 2016 Rio Olympic Games, and further demonstrates our commitment to delivering the region’s best sports content to Flow customers.” 

Flow will become the exclusive distributer of the dedicated MUTV channel. This means that from the 2016/17 Premier League season, fans will have access to exclusive Manchester United programming and behind the scenes access to the club. 

Flow will also enable access to Manchester United content via mobile, tablets and desktop devices, as well as through the Flow ToGo app. 

Travers Thorp Alberga merges with Orion Law  

Cayman Islands law firm Travers Thorp Alberga has merged with British Virgin Islands-based Orion Law with immediate effect. 

“Given our recent expansion in Asia, the time is right to partner with a law firm and corporate service provider to provide comprehensive legal services to our clients in both the Cayman Islands and the British Virgin Islands,” said Anthony Travers, senior partner of Travers Thorp Alberga. “Over several months we have forged an excellent understanding with Orion Law and we have together developed highly competitive pricing for a full suite of British Virgin Islands corporate fund and financial services products consistent with our firm’s value proposition.” 

The former partners of Orion Law, Myron Walwyn, the minister of education and culture in the British Virgin Islands House of Assembly, and Ingrid Moses-Scatliffe, the Speaker of the British Virgin Islands House of Assembly, will join the merged firm as partners. 

“We are very pleased with this new arrangement, which will substantially improve access to a fast growing client base in Hong Kong and PRC where our British Virgin Islands financial services products are already well recognized,” Mr. Walwyn said. 

The merged firms will continue to practice under the name Travers Thorp Alberga. 

The Banker names Butterfield ‘Bank of the Year’  

Butterfield received Bank of the Year 2015 honors in Bermuda and Cayman in a repeat of last year’s awards organized by industry publication The Banker. 

For the awards, the magazine’s editorial staff takes into account strategic initiatives, innovative use of technology and service delivery channels, and efforts to extend banking services to all parts of the community in addition to a bank’s financial performance. 

Conor O’Dea, Butterfield’s president and chief operating officer and managing director of Butterfield Bank (Cayman) Ltd., said, Bermuda and the Cayman Islands are Butterfield’s two largest markets and longest-served communities. 

“Over the past 12 months, we have enhanced our presence through the acquisition of select personal and corporate banking business from HSBC in Cayman, and the announcement of our planned acquisition of the Private Banking Investment Management and Trust business of HSBC in Bermuda,” he noted. 

“We believe that our demonstrated commitment to Bermuda and Cayman, the expertise and professionalism of our people, and the substantial progress we have made in building sustainable shareholder value are among the key reasons that Butterfield has again been named Bank of the Year.” 

PwC moves to Camana Bay  

Camana Bay welcomed anchor tenant PwC Cayman Islands into its new home at 18 Forum Lane on Monday. PwC’s 197 employees occupy 26,000 square feet of the LEED Gold-certified building’s 85,000 square feet. 

The total office and retail space in Camana Bay now totals 615,000 square feet. 

Local Walk for Cure raises $70,000  

CIBC FirstCaribbean presented a check for US$70,822 to the Cayman Islands Cancer Society after the bank’s most successful Walk for the Cure fundraiser to date. 

The funds were collected after more than 900 people in Cayman walked a 5K route on Oct. 4. 

Regionally, Walk for the Cure had CIBC FirstCaribbean staff and supporters in 17 territories. With more than 20,000 people taking part in the walks, a grand total of US$400,000 was collected across the bank’s network this year. The money will support critical cancer care, purchase vital equipment necessary to treat patients and host general education programs to create greater awareness of the disease across the region. 

CEO Rik Parkhill and his successor Gary Brown, who assumes the role in January, presented the check to the Cayman Islands Cancer Society, together with the bank’s Cayman managing director, Mark McIntyre. 

“Our staff in Cayman deserve special recognition as their passion and drive to help others has ensured the success of our Walk for the Cure campaign, which has once again exceeded our greatest expectations,” Mr. McIntyre said. 

“I would also like to sincerely thank the community … Our event means nothing without their support,” he said.