Cayman Enterprise City wins ESG practices award
Cayman Enterprise Cityhas won an Excellence Award in Environmental, Social and Corporate Governance (ESG) Practices by the Financial Times fDi Intelligence Magazine.
fDi Intelligence’s annual Free Zone Awards celebrate the most promising free zones across the world. Hundreds of government entities, investment promotion agencies, economic development units, and free zones were invited to compete.
It is the second consecutive year for CEC to be recognised as a top free zone in the Americas.
“We are honored that CEC has been recognised by fDi Intelligence for our efforts in developing a sustainable special economic zones project that prioritizes best ESG practices,” said Charlie Kirkconnell, CEC chief executive officer, said in a press release.
“The Excellence Award in ESG Practices helps to build trust amongst foreign direct investors, reflects the quality of the CEC project, and is a testament to the importance we’ve placed on our people and environment,” he added.
In its first 10 years of operations, CEC’s special economic zone has had an estimated economic impact of US$502 million on the Cayman Islands economy and is now home to over 260 special economic zone companies.
Maples and Calder adds to funds practice
Caroline Heal has joined Maples and Calder in the Cayman Islands as a funds and investment management partner.
She brings experience in the structuring, formation and operation of offshore hedge funds, private equity funds and investment fund platforms, having advised on a wide range of asset managers and financial institutions, Maples said in a press release.
The firm’s funds and investment management practice has 10 new associates, two of whom were previously articled clerks with the firm. In addition, the firm promoted Stephen Watler and Lee Davis to partners earlier this year.
Michael Richardson, head of the practice said, “Our Funds & Investment Management team has grown considerably over the past year as a result of increasing demand for our services from global hedge fund and private equity fund clients.”
Nominations open for Island Innovation Awards
Island Innovation is hosting the Island Innovation Awards, in partnership with the Clinton Global Initiative. The awards will recognise individuals, organisations and technologies driving positive change for remote and island communities globally.
The awards and nomination process was officially launched by former US President Bill Clinton during the Virtual Island Summit last month, which attracted over 14,000 attendees.
The organisation is calling for individuals, organisations and projects to apply to and nominate for the awards, which are focussed on celebrating excellence in sustainability initiatives in 12 categories.
The focus of the awards will be on sharing how the winners succeeded, so that other communities can benefit, the organisers said.
Nominations are open until 5 Nov. The winners will be announced during a live virtual awards ceremony on 8 Dec.
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