Business in brief: CUC celebrates 50th anniversary and opens market at TSX

From left, former president and CEO of CUC Peter Thomson; CUC chief financial officer Letitia Lawrence; Richard Hew, president and CEO of CUC; assistant company secretary Claire Stafford; and Scott Hawkes, former corporate secretary, at the opening of the Toronto Stock Exchange on April 15.

Richard Hew, president and CEO of Caribbean Utilities Company, rang the bell to open the day’s trading on the Toronto Stock Exchange to mark the company’s 50th anniversary celebrations and 25 years of trading on the TSX.

“It is a tremendous honor to be present at the Toronto Stock Exchange and to start the day’s trading. This is indeed a momentous occasion for the Company and a fitting way to start our 50th anniversary celebrations,” Mr. Hew said. “CUC is proud to be associated with the Toronto Stock Exchange for the past 25 years. The initial public offering provided the strong financial platform that has allowed CUC to grow into the strong Company it is today.”

CUC will reach the 50th anniversary of its incorporation on May 10, 2016. CUC was the first Cayman-based company that was listed on an international stock exchange when its shares commenced trading on the Toronto Stock Exchange at the opening of business on Sept. 11, 1990, according to a press release from the company.

Maritime industry to meet in Cayman in May

Cayman Maritime Week is designed to attract international maritime industry leaders, ship owners, yacht managers and brokers and professionals from all sectors of the maritime industry to the three-day event, which will showcase Cayman as a growing maritime industry hub.

The event’s agenda features industry experts at the MARE FORUM 4th Cayman Islands Shipping Summit on May 2, an event for the Cayman Islands Ship Owner’s Advisory Council and a full-day conference hosted by shipping IT news provider Digital Ship on Wednesday, May 4.

The Women’s International Shipping & Trading Association will hold a business luncheon and co-host an event with the North American Marine Environment Protection Association, presenting artist and marine environmentalist Guy Harvey as the keynote speaker.

“We are dedicated to promoting the Cayman Islands as a growing maritime jurisdiction to industry leaders and professionals,” said Sherice Arman of Maples and Calder and President of the Cayman Islands chapter of the Women’s International Shipping & Trading Association. “Cayman Maritime Week will provide the perfect platform for conference attendees to learn more about Cayman as a maritime business hub, and allow local companies to showcase their services.”

Julian Black, Cayman-based group director of Estera
Julian Black, Cayman-based group director of Estera

Appleby Fiduciary Business rebrands as Estera

Appleby Fiduciary Business has launched its new brand, Estera, following the successful management buyout from the Appleby Group in December 2015.

The name Estera was inspired by an internal staff competition.

The company provides customized fiduciary and administration services to corporations, private companies, high-net-worth individuals and investment funds. Estera has 45 staff in the Cayman Islands and a total of 350 employees in 10 jurisdictions.

“We’ve built a robust fiduciary business in Cayman over the last decade through our investment in our staff and dedication to providing innovative corporate administration and private client services to our clients,” said Julian Black, Cayman-based group director of Estera. “The rebrand marks a new chapter and opens up exciting opportunities for our Cayman operations.”

The global corporate, trust, funds and accounting services company is led by Chief Executive Officer Farah Ballands, supported by Estera’s existing management team.

The firm said its independence will enable the company to chart new markets and territories as part of its ambitious growth strategy, which includes plans to grow its four core service lines in corporate, trust, funds and accounting.

“We are delighted and proud to launch Estera and have the opportunity to build on the strong heritage and culture we have developed over the past 25 years,” Ms. Ballands said. “Our new brand and independence provides a solid platform for growth, including strategic investment to align our systems and procedures to deliver a consistently quality service to our clients.”

Walkers BVI and Cayman Islands offices named ‘leading law firm’

Walkers BVI and Walkers Cayman Islands office were each named “Leading Law Firm” at the Who’s Who Country and State 2016 Awards at The University Club in New York.

Walkers was one of only two firms to receive awards for multiple jurisdictions. A total of 41 Walkers professionals are ranking in Who’s Who across 10 different practice areas.

Global Managing Partner Ingrid Pierce said, “We are thrilled and honored to receive these awards and are delighted that our hard work has been recognized.”

Hannah Foreman has been appointed as SteppingStones' recruitment administrator.
Hannah Foreman has been appointed as SteppingStones’ recruitment administrator.

SteppingStones promotes Caymanian Hannah Foreman to recruitment administrator

Recruitment agency SteppingStones announced the promotion of Caymanian employee Hannah Foreman to recruitment administrator. Hannah, who moved to Cayman from the United Kingdom as a young child in 1996, began working for SteppingStones as a receptionist in September 2015.

“Hannah has been a great addition to the SteppingStones team, and we are delighted to recognize her efforts and commitment to our team and clients,” said Managing Director Milly Serpell.

In her new role as recruitment administrator, Hannah will support the recruiters in their day-to-day roles, ensuring all candidates are thoroughly screened and aware of all potential employment opportunities. In addition, she will manage the website, social media and all community involvement programs.

Netclues becomes Google and Bing advertising partner

Online marketing company Netclues has been recognized as a certified Google and Bing partner in search and display advertising.

Netclues said it takes a high level of AdWords knowledge, a proven successful track record, and a healthy amount of spend across the managed accounts to become a certified partner of these platforms.

“With our Google Partner Badge, we can draw on the vast range of research that Google produces to help our clients gain and hold a competitive edge,” Netclues said.