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KPMG promotes six to partner

KPMG in the Cayman Islands has announced six new partners: Cathy Houts (tax), Jeffrey Stower (restructuring), Ben Blair, Claire Griffin, Hellen Chemeli, and Rennie Khan (all audit, asset management).

Industry survey: Hedge funds remain resilient amid COVID-19

Research by KPMG and the Alternative Asset Management Association finds that hedge funds have adapted well to the effects of the coronavirus pandemic with many firms continuing to hire and using technology to deal with the new business environment. Based on a survey of 144 hedge fund managers globally with an estimated $840 billion in assets under management, the report found that they have continued to make strategic hires, as the new decentralised nature of working creates opportunities for managers to reach outside of their normal captive locations in the search for new talent.

Scott’s takes lead in Corporate Squash League

Scott’s Equipment’s Pierce Terry topped Baker Tilly’s Richard Reading by one point in the third and deciding game Thursday, 26 Sept., to propel his team into first place in the Baker Tilly Corporate Squash League.

Nearly $285,000 raised at Big Shave

It was another great turnout for Hannah’s Heroes Big Shave event in support of St. Baldrick’s Foundation childhood cancer research on Friday.

KPMG hosts City of London Police at Financial Crime Investigation Unit Stakeholder Forum

KPMG in the Cayman Islands and the Financial Crime Investigation Unit of the Royal Cayman Islands Police Service held a two-day forum on the current financial crime landscape in the Cayman Islands on 21 and 22 May.

KPMG, government net top employer awards

KPMG and the Department of Commerce & Investment won the top employer awards in the large and medium business categories at the 9th Cayman Islands Society of Human Resources Professionals gala on March 16.

Investment summit explores data globalization and machine learning

Globalization is not over. In many ways, it is accelerating, as a new form of internationalization is no longer about goods and services but about data, according to Tony Cowell, partner at KPMG and chairman of the Cayman Alternative Investment Summit.

Lord Hastings promotes reading at Red Bay Primary

Lord Michael Hastings spent part of Wednesday morning telling a group of Year 1 students at Red Bay Primary School about the Gruffalo.

Government moves high school project forward

The slow process of completing the new John Gray High School has taken another step forward.

KPMG delivers lecture on cybersecurity to students

It’s never too early to think about the perils of the internet.

Corporate volleyball league competition heats up

Exciting play was the name of the game in Week 3 of the Camana Bay Indoor Co-Ed Corporate League on Wednesday night.
Cayman Compass is the Cayman Islands' most trusted news website. We provide you with the latest breaking news from the Cayman Islands, as well as other parts of the Caribbean.

KPMG becomes first local CPA Canada pre-approved employer

Chartered Professional Accountants of Canada (CPA Canada) has approved KPMG in the Cayman Islands to be the first employer on the island to offer a pre-approved training program, the accounting firm said in a press release.

Students learn online safety tips

For an upcoming generation of digital natives, life online often blends seamlessly with the physical world. Conversations with friends flow freely between the classroom and the chatroom. An afternoon spent with classmates can just as easily mean meeting in an online gaming forum as at the movie theater.

Local business in brief: Erin Panton admitted to Bar

Walkers Articled Clerk Erin Panton complete her legal training and was called to the Cayman Islands Bar on Sept. 22. Her application was moved by Ingrid Pierce, Walkers’ Global Managing Partner, before Justice Robin McMillan. Ms. Panton is Walkers’ 46th Caymanian articled clerk to be called to the Bar. She was articled to Partner Dorothy Scott.
Cayman Compass is the Cayman Islands' most trusted news website. We provide you with the latest breaking news from the Cayman Islands, as well as other parts of the Caribbean.

Accountancy firms contest double charge

Government’s attempts to collect two sets of business licensing fees from accountancy firms amounts to unfair double taxation that is not supported by the wording of the legislation, lawyers for five major firms argued in Grand Court Wednesday.

Fraud hotline reports ‘anonymous,’ gov’t says

The Cayman Islands government has set up its own hotline for reporting fraud or wrongdoing by its employees, separate from the Royal Cayman Islands Police Service or the soon-to-be-formed independent ombudsman’s office. The ombudsman’s office will be assigned responsibility for fielding whistleblower complaints, once the law giving it those powers takes effect in February 2018.

EDITORIAL – Dial ‘1’ for whistle-blowing

If you spot corruption or other illegal activity in the Cayman Islands, “Who you gonna call?” Where to begin … With minimal mental effort, we can easily list more than a dozen real-life options for someone hoping to blow the whistle on misbehavior, misconduct or misdeeds in Cayman.

KPMG celebrates 50 years in Cayman

Accounting and consulting firm KPMG celebrated its 50th anniversary in the Cayman Islands at The Ritz-Carlton, Grand Cayman on Friday night. The event's theme was “Past, Present and Future.”

KPMG: Cayman scores low on cybersecurity assessment

In a multiregional survey, Cayman indicated the least preparation among 28 countries against cybersecurity threats. Analysis found no publicly traded company in the islands had mentioned cybersecurity in their annual reports.

KPMG hired for port funding project

Government has hired KPMG on a US$500,000 contract to help come up with a funding formula to pay for the George Town cruise berthing facility.

Road closure in George Town Wednesday

Cardinall Avenue in George Town will be closed between 3 p.m. and 9 p.m. Wednesday, Dec. 14, for a KPMG Christmas charity event.

CIS wins KPMG ‘Brain Bowl’ tournament

Cayman International School is the winner of this year’s KPMG Brain Bowl Academic Tournament. Second place went to Triple C and third place to Cayman Prep and High School.

Kudos for youth basketball league champions

Champions in the 14-and-under basketball leagues have earned congratulations from sponsor KPMG: St. Ignatius in the male category and John Gray High School Wahoo Academy in the female category. KPMG has sponsored the league for more than six years.

Leading accountancy firms challenge license fees

BDO Cayman, Deloitte and Touche, Ernst & Young, KPMG and PwC have jointly applied for judicial review of government’s decision to dismiss their appeals that a $2,000 annual fee for every accountant on staff should not be applied to them.

KPMG Report Card

‘Partnership schools’ on back burner

A recommendation to introduce U.K.-style academy schools run by boards of business leaders, parents and former students is off the agenda for now, according to Education Minister Tara Rivers.

Landfill report suggests turning trash into energy

A new solid waste management plan has been finalized that calls for more recycling, composting and an incinerator to turn waste into electricity for the national power grid.

Report calls for 42-bed mental health facility

A new report recommends a 42-bed long-term residential mental health facility be built in the eastern districts to serve local and overseas patients with severe mental illnesses.

CIMA to review firms’ cybersecurity plans

The Cayman Islands Monetary Authority plans to begin reviewing the cybersecurity plans for banks, financial services companies and its other licensees, according to a notice issued recently by the regulator.

Glow Run set to light up the night

The third annual Glow Run 5K, sponsored by the National Trust for the Cayman Islands in partnership with KPMG, is set for June 4.

Business in Brief: Law Society, Bar Association endorse anti-corruption statement

The Cayman Islands Law Society and the Caymanian Bar Association have endorsed the anti-corruption statement released by U.K. and Irish professional bodies including The Law Society of England and Wales, the Institute of Chartered Accountants in England and Wales, and the Society of Trust and Estate Practitioners.

Government to review mental health facility business case

A residential mental health facility could save government money in the long term, Dr. Marc Lockhart said following the presentation of the business case for the project to government caucus.

Business in Brief: Forrester names KPMG leader in information security consulting

Updates from KPMG, HSM, Cayman Airways and more in this week's Business in Brief.
Kevin Mitnick

‘World’s most famous hacker’ to speak in Cayman

A notorious computer hacker who was once on the FBI’s Most Wanted List for hacking into 40 major companies will be coming to Cayman in February.

Dart donates vehicles to Special Constabulary

Dart handed over a special Christmas gift to the police’s Special Constabulary on Christmas Eve with the donation of two Land Rovers to be used in road safety operations.

Annual Christmas concert offers enticing prize

The St. Ignatius annual Christmas concert will be held at Loyola Hall this Wednesday, with a chance for ticket holders to win $25,000.

Brunneman is Pirates 5K champ

The swimming community had a full schedule over the weekend, with a 5K swim and two clinics for younger swimmers.

Lightning is the brightest

The fall roller hockey season at Kings Sports Centre is halfway through and the competition has been exciting, with many close battles and great competition.

Recycling to expand in the new year

Government is working to get more recycling stations set up around the islands in the beginning of next year, according to Jim Schubert with the Public Works Department.

Pirates Week entrants continue deep commitment to sea swim

The Pirates Week Open Water 5K, which has been staged for 35 years, is on Saturday, and only the fittest swimmers are likely to enter this arduous event.

Business in brief

KPMG renews partnership with St. Ignatius; Walkers welcomes two new articled clerks; Harneys adds lawyer to litigation team; Restructuring and insolvency expert joins Mourant Ozannes; ‘Walk for the Cure’ sees big response

Weber's ambitions have no boundaries

Helki Weber was the female winner of Sunday’s gruelling Halloween 10-10-10, yet she had only decided to enter the race the night before.

Avoiding the inevitable at the landfill

Here’s our feedback on government's National Solid Waste Management Strategy: Decide what you’re going to do about our country’s solid waste problem — and then do it.

Cayman one step closer to mental health facility

Progress continues on the proposal for a long-term residential mental health facility in the Cayman Islands as consulting firm KPMG begins work on the outline business case to explore the feasibility of the project.

Who Throws a Shoe are sole survivors

The final games of the Cayman Islands Volleyball Federation beach volleyball league were played Sunday and as expected, there were many entertaining and exciting games in each group.

DMS dominant as UBS subdued

DMS continued their winning ways in the Baker Tilly Corporate Squash League, this time beating UBS. This keeps DMS top of the table with an impressive 32 points.

DMS find right tone to unlock Digicel's challenge

The latest Baker Tilly Corporate Squash League is well under way and after two rounds of matches, past champions DMS are sitting on top of the table with maximum points.

Head of the class: Chief Officer Christen Suckoo

Mr. Suckoo, it’s your turn to present.

Business in brief

Red Cross raises $56,000 with golf tournament; Campbells announces scholarship recipients; Pan-American Life celebrates launch; Samson & McGrath’s Trevor Burke admitted to Cayman Bar; Extended hours for business licensing; Fidelity Bank Bahamas appoints new chairman.

Who Throws A Shoe outshone the rest

The Corona Sunday Beach Volleyball League continued over the weekend, and it was newcomers Who Throws A Shoe who showed the other teams a clean pair of heels.

Engaging our community in our schools

KPMG's suggested model of "Cayman Partnership Schools" provides the disruptive discontinuity that our long under-performing school system desperately requires.

Academy-style schools proposed for Cayman

Independent governing bodies made up of business leaders, parents and former students should be put in charge of Cayman’s schools, according to a consultant's report.

Heroes for Hannah: Cayman is full of them

Three cheers for everyone who pitched in to support childhood cancer research at the Heroes for Hannah event last Friday. Heck, make that 320,000 cheers.

No theft charge for Pines manager

The former manager of The Pines will not face criminal charges following a police investigation into theft allegations.

School inspections highlight flaws

Inspection reports on all government schools show that standards are “simply not good enough” for the long term, says Education Minister Tara Rivers.

PwC newcomers edge out Appleby

The 2015 North Sound Golf Club Summer Corporate League wrapped up Friday night and PwC edged out defending champions Appleby to take home the trophy.

Island Air still on top

The Another9 Corporate Summer Touch Rugby League is now in week 11 of 16 and so far there are nine teams left in the playoff race to gain a top four place in the premier division.

Ex-Merrill Lynch banker takes on male-dominated Islamic industry

Samina Akram left her job at Merrill Lynch International Bank six years ago to start her own consultancy in London specializing in Shariah-compliant finance. Now she’s seeking to empower women in male-dominated Islamic banking.

Island Air soaring as touch masters

In the competitive division of Another9 Corporate Summer Touch Rugby League Island Air are still leading, unbeaten in seven games.

Island-wide blackout forces businesses to get creative

It took 11 hours for CUC crews to restore power across Grand Cayman.

Island Air touching the heights

After four rounds of the Another9 Summer Touch Rugby League 2015 the better teams are making their mark. With 30 teams spread over two divisions there are plenty of games throughout the week.

Business in brief

Business in brief.

CrimeStoppers offers $110k reward

Cayman CrimeStoppers is offering a record reward for tips on the home invasion Friday night.

Little League wraps up another season

The Cayman Islands Little League wrapped up its 2015 season with a day of fun, games, awards and thank yous at the Field of Dreams on Saturday June 20,

Run was a glowing success

The second annual Glow Run 5K attracted 635 registered runners on Saturday, more than double the number that signed up for the inaugural event in 2014.

Shootout champs crowned

After four weeks of competition, Digicel have been crowned the Baker Tilly Corporate Shootout champions.

Digicel still ringing the tone

The Baker Tilly Corporate Shootout enters its final week on Thursday and the final outcome of the squash matches are still very open.

Digicel more mobile than rest

The Baker Tilly Corporate Shootout’s second week saw Digicel really hit their stride, extending their lead at the top of the squash table by five points after claiming the maximum eight points on Thursday night.

Little League soaked out for now

The Little League awards day and raffle was postponed on Saturday because of the heavy rain.

New Education Law goes to House in September

A planned new Education Law creates the framework for publicly funded, privately managed schools in the Cayman Islands.

Busy month to hone and tone

June is one of the busiest months for sports events in the Cayman Islands, before things start to wind down for the summer.

Digicel set the early tone

The Baker Tilly Corporate Shootout Squash league got under way on Thursday with strong performances across the board.

This week