Reliance to buy Mandarin Oriental in New York
Indian conglomerate Reliance Industries has agreed to buy a controlling stake in the Mandarin Oriental New York by acquiring the five-star hotel’s Cayman Islands-based parent company.
In a stock exchange filing, Reliance said its subsidiary, Reliance Industrial Investments and Holdings Ltd, would buy Columbus Centre Corp (Cayman), which indirectly owns a 73.37% stake in the hotel, for approximately $98.15 million.
The transaction is expected to close in March 2022.
Harneys announces partner promotions and leadership updates
Harneys has promoted five lawyers to partners across the firm, including Charles Moore (Private Wealth) and James Smith (Investment Funds) in the Cayman Islands.
In a first for the firm, two non-fee earners, Maria Pia Buchi, managing director for Harneys Fiduciary, and Felice Swapp, global chief operating officer for Harneys, have also been promoted to partner.
Following a transition period, Ross Munro has begun his role as global managing partner.
In other leadership changes, Philip Graham has taken on the role of non-executive chair of the Harneys Fiduciary Board, Linda Johnston joined Harneys as the firm’s chief human resources officer, and Vanessa Molloy has become the firm’s Luxembourg office managing partner.
IQ-EQ hires new group chief commercial officer
Emma Crabtree is joining investor services firm, IQ-EQ, as group chief commercial officer.
Most recently, she was global head of sales, Asset Managers & Alternatives at BNP Paribas Securities Services.
She will be responsible for the Group’s commercial and segment strategy, growth plans, go to market approach and continuing to build a Group-wide unified commercial and sales culture, IQ-EQ said in a press release.
Ocorian opens New York office
Financial services group Ocorian has expanded its US presence by opening an additional office in New York City, close to Bryant Park.
Ocorian entered the US market with the acquisition of Emphasys Technologies in March 2021.
Since then, the firm has been making key hires across the country to expand its onshore capabilities and to build stronger relationships with its clients.
Ocorian said adding a New York office is further evidence of its commitment to building a significant presence in the US.
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