Open Search

Business Bytes - April 2022


The Cayman Islands Institute of Professional Accountants elected KPMG Cayman Islands Partner Rennie Khan as its new president at its annual general meeting on 7 March at the George Town Yacht Club.

At the same meeting, EY Associate Partner Rosa Nolan was elected vice president, becoming the second woman to hold that post.

Khan previously served as CIIPA’s Vice President and takes over for outgoing president Craig Smith, who will remain on the organisation's council and two committees.

CIIPA was formed as the Cayman Islands Society of Professional Accountants in 1970 and in 2016 changed its name to better reflect the broad role it plays as a regulator and educator. It offers training, quality assurance and practical guidance to members aimed at ensuring those in the local accountancy industry adhere to the best global practices and standards.

With more than 1,000 members, CIIPA — which has its administration offices on Forum Lane in Camana Bay — is one of the largest professional societies in the Cayman Islands.

“CIIPA has evolved and continues to adapt to its environmental conditions,” said Khan, pointing to a 33% growth in membership and 46% growth in licensed practitioners over the past five years.

Pictured here are members of the CIIPA leadership team including, from left, outgoing President Craig Smith, President Rennie Khan, Vice President Rosa Nolan and Secretary James George.


Regular wine tastings at Blackbeard's locations resumed last month with events at the Eastern Avenue location. Tastings will recommence at the Grand Harbour and Camana Bay locations this month. The free tastings take place between 5 p.m. and 6:30 p.m. on most Thursdays and occasionally on other days. There are promotional sales on all the wines selected for tastings the entire day of the event. Follow Blackbeard's on Facebook or Instagram for the latest information on where the tastings will take place.

Butterfield Bank (Cayman) Limited announced last month that effective 21 March 2022 it was raising its interest rates by 0.25% in step with the recent increase in the United States Federal Funds Rate.

The increase applies to Butterfield's U.S. and Cayman Islands dollar lending for residential mortgages, consumer loans and corporate loans.

Interest rates paid on fixed-term deposits with terms of 90 days or more were also increased in line with the market. Detailed deposit rate information is available on Butterfield’s website and at Butterfield Banking Centres.

For information regarding rates and payment terms, customers can call 949-7055.

Butterfield bank exterior shot

The Island Jewellers location in George Town reopened last month, the first of many other stores in the Island Plaza that will reopen in the coming months. Initially, the only entrance to the store will be from Cardinall Avenue as the rest of Island Plaza remains closed. To celebrate the store's reopening, there were be several special offers available at that location only, including 50% off Kabana jewellery.

island jewellers store exterior

Camana Bay’s newest landmark is Kapok, a bold residential development comprising 89 rental apartments with amenities designed to build community and enhance wellbeing. Seven layouts ranging from studios to three-bedroom apartments, will be available to reserve from June. For more information, email

rendering of apartment interior

This article was originally published in the April 2022 print edition of Camana Bay Times.

In other news

You may also like