Business in brief: MUFG Investor Services appoints business development director

MUFG Investor Services, the global asset servicing arm of Mitsubishi UFJ Financial Group, has appointed Mark Catalano as executive director, business development.

He will be responsible for driving new client engagement in the Americas with MUFG Investor Services’ asset servicing solutions. These solutions include fund administration, middle-office outsourcing, custody, depository, trustee, fund of hedge fund financing, FX and wider banking services.

Mr. Catalano is the former head of U.S. business development at Atlas Fund Services. He was previously director, product and business development, Alternative Fund Services, at Deutsche Bank, and prior to that, held positions at Fidelity Investments and Arthur Andersen LLP.

He will report to John Sergides, managing director and global head of business development and marketing.

Mr. Sergides said Mr. Catalano’s appointment is a key hire in the firm’s strategy to grow organically.

“His expertise and understanding of the Americas market underpin our growth plans over the coming years. Mark has a proven track record of growth and deep knowledge of the alternative investment space.”

Republic Bank names new managing director

Republic Bank, which is registered in the Cayman Islands, has named Nigel M. Baptiste as its new managing director and president of Republic Financial Holdings Ltd.

Mr. Baptiste, who has been a part of the Republic Bank Group for more than 24 years, succeeds David Dulal-Whiteway, who retired on Feb. 10.

“It is a privilege to have been given this opportunity to lead what I believe is an excellent and dedicated team of individuals,” Mr. Baptiste said, adding that he looks forward to working alongside his executive management team and the wider team, toward powering the Republic Group into the future.

Chairman Ronald Harford said, “We are delighted to welcome Mr. Baptiste into his new role and look forward to continued success, under his leadership. We also thank Mr. Dulal-Whiteway for his years of service, during which time he has played a significant role in the development of the group.”

The 2015 Island Heritage Charity Drive recipients received $35,000 total in direct donations.
The 2015 Island Heritage Charity Drive recipients received $35,000 total in direct donations.

Island Heritage announces fifth Charity Drive

The annual Island Heritage Charity Drive is set to take place on April 23, with all proceeds going to the Breast Cancer Foundation.

As in previous years, Island Heritage will donate $1, up to $25,000, for every car that drives past the Island Heritage Roundabout, for every “Support” click on Island Heritage’s Facebook page, and for each Twitter mention of @charitydriveky, and “Like” on Instagram.

This year, Island Heritage will add a fundraising event on Charity Drive day called the “Charity Plunge” at Royal Palms from 2–6 p.m.

For an entry fee of $10, participants can slide into a pool of balls for their chance to win prizes, including a grand prize of $2,000 cash. All entry fees will also be donated to the charity.

Walkers staff donated the proceeds of an office-wide dress down day to the Cayman AIDS Foundation.
Walkers staff donated the proceeds of an office-wide dress down day to the Cayman AIDS Foundation.

Walkers helps support fight against HIV and AIDS

Walkers staff donated the proceeds of an office-wide dress down day in support of the Cayman AIDS Foundation. More than 200 Walkers staff participated at the Elgin Avenue and Hospital Road locations.

The CAF is run by Chief Executive Officer Noel Cayasso-Smith, who expressed his gratitude for the funds raised by Walkers staff.

“We are very thankful for the charitable donation made by Walkers. This will help us continue to provide the community with educational programs and materials about HIV, AIDS and other STIs.”

Mr. Cayasso-Smith and his team host free presentations to educate the community about STIs, and the CAF regularly attends local events, such as the recent Agriculture Show and Youth Month Celebration, to raise awareness and reinforce the mission of the Foundation.

Maples and Calder raises money for Feed Our Future

The Maples and Calder Corporate Services Department held another bake sale for staff, raising $2,250 for local charity Feed Our Future.

“We are so pleased to have been able to assist another valuable cause with one of our bake sales,” said Allison Smith, head of corporate services. “The amount raised really is a testament to the generosity and community-mindedness of our staff, many of whom donated above and beyond the price of the sweets we had for sale that day.”

The department’s biannual bake sales have raised in excess of $10,000 since 2013, with proceeds from previous events going to other organizations on island, such as Cayman’s ARK, the Cayman Islands Crisis Centre and Meals on Wheels.

Feed Our Future’s primary mission is to solve childhood hunger throughout the Cayman Islands. Established in mid-2011, Feed Our Future helps to promote and elevate nutritional needs of at-risk children through funding of nutritionally balanced, low-cost or free school meals to children in need at both public and private schools. The money raised will also support educational workshops on nutrition, shopping and cooking for families.