KPMG achieved the highest score for current offering and strategy in the Forrester Research Inc. report, The Forrester Wave: Information Security Consulting Services, Q1 2016.
“KPMG has moved cybersecurity to the heart of its business,” according to the report authored by Martin Whitworth. “KPMG recently listed cybersecurity as one of its six strategic growth initiatives. To bolster this commitment, the company has increased and deepened its range of services, investing heavily in R&D and acquisitions.”
“We are in a constant state of innovation and investment to serve the evolving needs of global business and, not surprisingly, cyber preparedness is one of the most common issues that our clients are grappling with,” said Anthony Cowell, partner and head of Alternative Investments at KPMG in the Cayman Islands.
“KPMG has made significant investments, both in terms of acquisitions and recruiting highly talented cyber professionals, to ensure we can help our clients meet every challenge and capitalize upon every opportunity.”
In the past 16 months, KPMG firms have made five significant cyber acquisitions around the world, including First Point Global, a leading identity and Access management (IAM) consultancy operating in Australia; Qubera, also an IAM operating in the U.S., U.K. and India; P3 Consulting, a Frankfurt-based security boutique consultancy; Trusteq Oy, a Finnish business which also specializes in IAM services and security transformation, and ZINK Security, a leading intelligence and digital surveillance firm in Spain.
“Cyber is perhaps the most unpredictable risk there is,” said KPMG Cyber Security Lead Micho Schumann. “While security breaches pose a significant problem for businesses, the impact of cyber is likely to grow exponentially as connectivity, robotics, and AI become more pervasive. In our work with clients across Cayman’s financial services industry, we are consistently hearing that cybersecurity is no longer simply a technology issue; it has evolved into a political, economic and social issue as well.*
“The topic of ‘Cybersecurity’ will clearly dominate boardroom discussion in 2016, and beyond.”
HSM adds insolvency attorney
Mark Russell, who was admitted to the Cayman Islands Bar on March 16, has joined law firm HSM.
With experience in bankruptcy, insolvency and restructuring matters, he will work closely with HSM Partner Ian Lambert practicing in the areas of insolvency, fraud and commercial litigation.
Having previously worked at a top Canadian law firm, Mr. Russell has acted as counsel on behalf of creditors, debtors, trustees, receivers and liquidators in various insolvency proceedings. His work has included contentious as well as transactional and advisory roles; with significant experience in mergers, acquisitions and financing.
Rawlinson & Hunter expands in Switzerland
Rawlinson & Hunter (Zurich) AG, a joint venture between the Cayman Islands, London and Geneva offices of Rawlinson & Hunter, announced the firm is adding three new staff to its team providing trustee, accounting and tax services in Zurich.
Tim Urquhart, Leon Keen and Cara Jocelyn, formerly of Hawksford LSS GmbH, joined Rawlinson & Hunter on March 1. The firm’s Zurich office now has 10 full-time staff.
David Barker, director of Rawlinson & Hunter (Zurich) AG, said in a press release, “We established the Zurich office nearly five years ago, recognising that our close relationships with our high quality professional contacts in Zurich might allow us to complement their services by developing locally our core offering of trust, fiduciary and advisory services.
“This was a long-term commitment by the firm, a commitment now underlined by the integration of this excellent team into the Rawlinson & Hunter fold. We see this as a major step forward in the development and the capabilities of our Zurich office.”
Richard Douglas, senior partner of the Cayman Islands office and chairman of the Zurich Trust Company said it allows the firm to use combined resources and address the growing needs of global clients. “We will continue to grow our first-class services in Zurich, while providing our client base access to additional services through our global network.”
Digicel and Cayman Airways partner on bonus air miles
Digicel and Cayman Airways customers can now earn Sir Turtle Rewards air miles for travel on Cayman’s National Airline as a result of a partnership linking the rewards programs of the two companies.
Digicel launched its rewards program to give access to a selection of offers from local brands, such as 2-for-1 cinema tickets from Regal Cinemas and free coffee from Cayman Coffee Club.
The Cayman Airways Sir Turtle Rewards loyalty program allows customers to earn points each time they fly with the airline, which can be used toward free flights, upgrades, and other benefits.
“We are thrilled to partner with Cayman Airways on this exciting promotion including their generous loyalty program,” said Digicel Cayman Marketing Director Susan Branchflower. “Since the launch of ‘Digicel Extras,’ over 1,100 offers have been given to customers in the form of tickets, discounts and experiences just for being a Digicel customer.”
The partnership will reward Digicel customers with up to 200 Sir Turtle Rewards air miles each month on select Digicel postpaid plans. Existing customers who are currently on Digicel’s top Unlimited plans will have these air miles automatically placed in their Sir Turtle Rewards account at the end of each month. New customers will also be eligible for the program.
Olivia Scott Ramirez, marketing and public relations manager for Cayman Airways, said the new promotion builds on a long-standing corporate business relationship between Digicel and Cayman Airways.
*Editor’s Note: This story has been amended from the original.*