MHA Cayman appoints new audit partner
Niall McAuliffe has joined specialist audit firm MHA Cayman as audit partner.
The specialist audit firm, formerly known as Moore Cayman, is a subsidiary of MHA MacIntyre Hudson, which is the UK member of accounting network Baker Tilly International.
McAuliffe has 15 years of audit and financial services experience and was previously the deputy head of onsite inspections at the Cayman Islands Monetary Authority.
Managing Partner David Walker and McAuliffe lead the MHA Cayman office with a team of over 40 auditors, mostly based at the MHA MacIntyre Hudson head office in London. The company expects another 10 recruits to start soon.
The company said it has grown in the mutual fund and private fund audit space and has many clients focussed on the digital asset industry.
Three promotions at CIMA
The Cayman Islands Monetary Authority announced the promotions of Stephanie Azan, Paul Onsakia and Stephanie Adolphus.
Azan was promoted to Acting Deputy Head of the Onsite Inspection Unit. She began her career with the authority in December 2017 as chief analyst for the Onsite Inspection Unit. Prior to joining CIMA, she was a chief financial officer with the Cayman Islands government for over a decade.
Onsakia was promoted to deputy head of the Banking Supervision Division. He joined the division in August 2017 as a senior analyst and was promoted to the chief analyst in January 2020. Before joining CIMA, Onsakia worked with the Ernst & Young office in Kenya where he was audit manager.
Adolphus was promoted to senior legal counsel. She first joined CIMA in May 2012 as a senior analyst in the Insurance Supervision Division and left to pursue her articles of clerkship at a local law firm. She re-joined CIMA in February 2018 as junior legal counsel and was promoted to legal counsel in April 2019.
NPO Registrar promotes risk management
The Registrar of Non-Profit Organisations addressed dozens of representatives from local NPOs on how to manage their risks at the R3 Foundation’s Non-profit Corporate Governance Symposium.
Representing the Registrar, Head of Compliance Paul Inniss presented current NPO statistics and an overview of the legislative framework; the link between poor governance and abuse of non-profits; and considerations for developing strong internal controls to achieve good governance, and therefore prevent such abuse.
As of June 2022, there are 610 NPOs registered with the Registrar, the majority of which comply with their legal obligations under the Non-Profit Organisations Act (2020 Revision).
The Registrar is part of the General Registry, under the Ministry of Financial Services and Commerce.
The symposium, held on 14 June at the Grand Cayman Marriott Beach Resort, featured an opening address from Francis Arana, Head of the Anti-Money Laundering Unit; a presentation on corporate governance from consultant Sabrina Foster; and remarks from Bryan Hunter, who serves as chairman of the R3 Foundation.
Deloitte announces four new partners
Deloitte announced the promotion of four new partners.
Daniel Florek and Mike Yacyshyn were promoted to partner within the Audit & Assurance department and Mike Green and Grant Hiley were promoted to partner within the Financial Advisory department.
Florek has over 19 years of experience in public accounting with Deloitte, in both the Cayman Islands and the USA. He serves a variety of alternative investment companies, including hedge funds, private equity, unit trusts, and fund administration businesses and is a member of the Cayman audit practice’s technical group.
Green has 15 years of experience, the last 9 of which has been in the Cayman Islands, providing cross-border restructuring advice and formal insolvency services. This includes acting as official, provisional and voluntary liquidator, as well as court-appointed receiver, to Cayman Islands domiciled entities.
Hiley has over 14 years’ experience in public accounting with Deloitte, of which the last 12 have been based in the Cayman Islands focused on the financial services industry. He is a qualified Cayman Islands insolvency practitioner and specialises in providing services to distressed alternative investment funds.
Yacyshyn has worked in public accounting for 23 years both in Canada and the Cayman Islands. He is focused on the investment management sector, leading a variety of client engagements including hedge funds, unit trusts and family offices.
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