Business in brief

Crowe launches restructuring practice, moves office

Accounting and consulting firm Crowe has launched a restructuring and insolvency practice in Cayman.

Graham Robinson joined Crowe on 1 Nov. to lead the new practice. The UK-licensed insolvency practitioner has over 25 years’ experience in insolvency and restructuring matters. He is licensed to accept both Cayman Island and UK insolvency appointments.

Prior to joining Crowe Cayman, Robinson worked for two local accounting firms beginning in 2009. He has worked on numerous court-appointed insolvency assignments, including the Algosaibi v Saad litigation and funds related to the Madoff and Petters frauds.

Crowe Cayman was established in 2015 to provide audit, accounting and business advisory services to the offshore financial community, with a focus on investment companies and captive insurance entities.

The wholly owned subsidiary of US accounting firm Crowe LLP is an independent member firm of the Crowe Global accounting network.

Crowe Cayman said because the Cayman Islands financial market plays a significant part in cross-border insolvency around the world, it sees the launch of the restructuring and insolvency practice as an opportunity to maximise the knowledge and experience of the Crowe Global network.

To accommodate the growth of the firm, Crowe Cayman has moved to a new office at 94 Solaris Avenue in Camana Bay.

Kalo appoints managing director

Elizabeth MacKay, managing director, Kalo

Specialist offshore insolvency and restructuring firm, Kalo, has announced the appointment of Elizabeth Mackay as a managing director in the firm’s Cayman Islands office.

Mackay’s 26-year career in the insolvency and restructuring sector includes more than 10 years as partner and managing director with an international insolvency firm in the UK.

She specialises in complex insolvency and restructuring and has experience in conducting both financial and strategic business reviews for a wide range of stakeholders in contentious situations. Mackay focuses on corporate restructuring, including formal insolvencies and turnaround.

Maples Group adds independent director to Fiduciary Services Team

Maples Group has appointed Kim Bishop as a vice president and independent director within the fiduciary services team in the Cayman Islands.

She will serve as an independent director on a wide range of alternative investment funds including hedge funds, fund of funds, segregated portfolio companies, private equity vehicles and related structures.

Bishop was most recently fund administration manager for a global financial services and investment management firm, providing fiduciary and administration services to a large portfolio of institutional trusts operating as investment funds. She also worked in investment banking as an analyst in debt capital markets transaction management and was also previously a member of the finance practice at Maples and Calder.