Business in brief: Sandy Cram receives Community Impact Award

Harriet Waterhouse, pictured with HSM managing partner Huw Moses and Justice Charles Quin, was admitted to the Cayman Islands Bar on Feb. 23.

Sandy Cram, client relationship manager at HighWater, is this year’s recipient of the Deloitte Alumni Community Impact Award for her philanthropic work in support of Rotary Central, Leadership Cayman and Junior Achievement, among other projects.

Odette Samson, audit partner and leader of the Deloitte Alumni Network in the Cayman Islands who presented the award with Stuart Sybersma, said, “Our alumni have played a key role in our firm’s success, and we believe that the relationships built during their time with us should continue to grow, wherever their careers take them …. It is a true pleasure for us to have Sandy in our alumni group, and this award is our way to recognize her long-standing commitment to our community.”

Ms. Cram started her career with Deloitte in 1995 and joined its Alumni Network in 1999.

Mr. Sybersma, Deloitte’s managing partner, said, “Over the years, Sandy has done an impressive job being involved in – and leading – numerous initiatives for the development of our professionals and our youth. We are proud of Sandy’s achievements and encourage more alumni to volunteer in our local associations.”

After accepting the award, Ms. Cram said, “I am honored to be the recipient of the Deloitte Alumni Community Impact Award. I challenge all alumni to commit a few hours each month to volunteering in the community in some form …. If you truly desire to make a difference, you can and will find the time. Just do it and the rewards will be indescribable.”

Deloitte donated the Dress Down funds for the month of January to Ms. Cram’s chosen projects – Leadership Cayman Alumni and Junior Achievement.

Property attorney joins HSM

Harriet Waterhouse was admitted to the Cayman Islands Bar on Feb. 23. At HSM she will advise a wide range of clients from non-resident/resident high net worth individuals to local businesses and larger corporations seeking legal advice on property matters.
After graduating with first class honors in law and mathematics and being admitted as a solicitor in 2011 in the U.K., her legal career began in a residential and commercial property practice, working with several leading international law firms.

An active member of the Association of Women in Property from 2012 to 2015, Ms. Waterhouse has cultivated diverse professional ties across the U.K. property market, networking regularly with real estate companies, property lawyers and construction professionals.

In 2014, she was selected as the country contributor for the European Law Firm’s guidebook publication on “Buying & Selling Property in England and Wales.”
Managing Partner Huw Moses said, “Harriet will be a great asset to our firm. She brings a wealth of experience in the property and real estate field, a sector that is now seeing renewed growth. We are pleased to have her as our colleague and a resource to our clients.”

Healthcare consulting company launched

Barrie Quappé, Cayman’s health practice and facility inspector for the past seven years, has launched Cayman Healthcare Consulting Ltd., which offers consulting and support services for those who wish to open a new healthcare or clinical research facility.

The company will also offer services for existing facility applications and renewals, including practitioner licensing.

RBC Royal Bank and RBC Dominion Securities sponsor piano prodigy

From left, Andrew McCartney, managing director RBC Dominion Securities, piano prodigy Joey Alexander and RBC area vice president and country manager Omari Corbin
From left, Andrew McCartney, managing director RBC Dominion Securities, piano prodigy Joey Alexander and RBC area vice president
and country manager Omari Corbin

RBC Royal Bank and RBC Dominion Securities sponsored 12-year-old Grammy-nominated Joey Alexander’s performance at the Cayman Arts Festival 2016 on Feb. 25.

“Royal Bank of Canada is committed to nurturing and supporting emerging talent like that of young Joey Alexander, who is an inspiration to us all,” said Omari S. Corbin, country head, area vice president, RBC Royal Bank.

“Sponsoring events like the Cayman Arts festival plays an important role in developing our local talent and celebrating success,” Mr. Corbin said.

Andrew McCartney, managing director, RBC DS Global Ltd., said the company chose the Joey Alexander Trio “because it aligns with the work we are doing with the Cayman Arts Festival in sponsoring their after-school music program, which ensures that all schoolchildren in the Cayman Islands get an opportunity to practice and perform.”

Maples and Calder advises on semiconductor acquisition

Maples and Calder has advised Singapore-based Avago Technologies Ltd. on the Cayman Islands aspects of its US$37 billion acquisition of Broadcom Corp., which closed on Feb. 1.

The transaction included a scheme of arrangement implemented by Avago under Singapore law and the merger of certain indirect subsidiaries, including Cayman entities, with Broadcom. As a result, all issued shares in Avago were exchanged for shares in a newly formed Singaporean company named Broadcom Ltd., and Broadcom stockholders elected to receive cash, shares in Holdco or limited partnership interests in a newly formed Cayman Islands partnership.

A consortium of banks provided more than US$15 billion in secured financing to Avago for the acquisition.

The transaction was described as the largest semiconductor acquisition ever, and the combined company forms the third-largest U.S. semiconductor maker by revenue after Intel Corp. and Qualcomm Inc.