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From Camana Bay Times

Business Bytes - December 2021

Business Bytes - December 2021


LOM Financial Group launched a new brand identity last month focused on ocean conservation. The rebranding exercise comes in advance of the international financial services company's upcoming 30th anniversary next year.

Headquartered in Bermuda, LOM Financial Group also has an office in Camana Bay that it opened in 2018, as well as offices in The Bahamas and the United Kingdom.

The global rebrand includes a new logo, brand identity, website and brand purpose focused on ocean conservation.

Alexander Goulden, branch manager of LOM Cayman, spoke about the brand purpose.

“The new whale tail insignia represents our position within the offshore sector and our ongoing commitment to ocean conservation," he said.

LOM Financial CEO and Chairman Scott Lines added that ocean conservation is a global issue that is magnified in the island jurisdictions it serves.

"We are committed to supporting nonprofits in Bermuda, Bahamas, Cayman and the UK that are making a significant impact," he said, specifically naming The Guy Harvey Ocean Foundation, BZS, The Humpback Whale Project, BREEF and the Marine Conservation Society. "We will contribute annually to these non-profits making a difference to the health of our oceans."

LOM’s rebrand rounds out a significant year for the company that saw its assets under administration grow to over $1.7 billion. The company also recently received the 2021 Global Banking & Finance Review Award for Best Wealth Management Company in Bermuda, recognising innovation and achievement within the global financial community.

Pictured here from the Cayman office are Alexander Goulden, left, and Lewis Cohen.

woman in business attire


In another move to advance its digital adoption strategy, Scotiabank Cayman announced last month the introduction of a “cashless” operating model at its South Sound branch location, starting this month. Country Head Sarah Hobbs said the branch located on Crewe Road will focus on offering financial advice and solutions, addressing customer service matters and providing assistance with transactions that cannot be conducted via self-service channels. Day-to-day transactions, including cash deposit and withdrawals, are handled through the bank’s intelligent deposit machines — or IDMs — while other services can be accessed through its online and mobile banking platforms.

“Our goal is to provide safer, faster and more convenient options for our customers," said Hobbs. "In line with customer trends, we have also heightened our focus on the use of our digital channels including our new IDMs, the Scotia mobile app and Scotia Online as best practices for offering a high level of customer service while we manage through the current health crisis.”

Several IDMs were recently introduced to the Cayman market. They offer significantly higher functionality and are enabled to provide customers with immediate credit when cash is deposited.
Hobbs said staff will be available to assist customers on how to use the digital channels as the transition is made.

“We have also made significant upgrades to our mobile banking app and will continue to add further functionality in the upcoming months to enhance the convenience for our customers to do their banking from wherever they are located."

women in front of signage


The annual Cayman Islands Chamber of Commerce Golf Classic on 5 November at the North Sound Golf Club raised money for several local charities, including Big Brothers Big Sisters, the Cayman Islands Crisis Centre, the Cayman National Cultural Foundation, Jasmine and Meals on Wheels.

“The Golf Classic is a great opportunity for the business community to come out, network and have some fun while benefiting various charity organisations,” said Chamber President Mike Gibbs.

Provenance Properties Cayman Islands came on board as the platinum sponsor of this year's event, while another Dart company, Island Jewellers, sponsored the bar.

Camana Bay tenant Butterfield provided a gold sponsorship, while G.T. Automotive was one of the hole-in-one sponsors. Prize sponsors included several Camana Bay or Dart tenants or entities, including Anytime Fitness, Cayman Islands Brewery, Health City Cayman Islands, Kimpton Seafire Resort + Spa and North Sound Golf Club Pro Shop.

The Campbells law firm team won the 27-team tournament that was conducted as a four-person scramble. The CIBC FirstCaribbean foursome came in second while the NCB Group team finished third.

Pictured here are Dart Senior Manager Leasing Jennifer Ebanks, left, and Dart Vice President Business Development and Leasing Kristy Rivers near the sponsorship tent promoting 60 Nexus Way, Camana Bay's newest 10-storey office building that is scheduled for completion in November 2022.

man in blue business suit


The 2022 edition of "The Legal 500 Caribbean" directory recognised Michael Sharvin, a senior associate lawyer in Bedell Cristin's Camana Bay office, as a new "Rising Star" in the real estate category.

One referrer singled out Sharvin and the firm's Cayman Islands-based real estate team in feedback: "Their expertise and professionalism are second to none. Their reputation is stellar.

They have all of the right relationships to get things done efficiently, timely and in a way that keeps the peace. They always deliver exceptional outcomes. Our team is Ian Jamieson and Michael Sharvin. They are the best team."

The 2022 Legal 500 Caribbean also ranked Jamieson, a partner with the firm, as a "Leading Individual" in the real estate category; Partner Laura Hatfield as a "Leading Individual" in the dispute resolution category; and Managing Associate Fraser Allister as a "Rising Star" in the trusts/private client category.

Global Managing Partner Tim Pearce praised the Cayman Islands office team.

"I am thrilled with the recognition the team in the Cayman Islands has received and especially for Michael and his 'Rising Star' accolade," he said. "I am particularly proud of the exceptional feedback they've received in this new edition, which consistently praises them for their responsiveness, professionalism and high levels of service that they provide to clients."

headshot of business man


For the second consecutive year, Ogier was named "Best Offshore Law Firm" at the Hedgeweek Americas Awards. The announcement came at a ceremony held on 21 October 2021 at The University Club of New York.

The award is voted for by Hedgeweek subscribers, including investors, managers and other key industry participants. More than 41,000 votes were cast for this year's awards.

Cayman Islands-based Global Head of Funds James Bergstrom said he was delighted the firm was recognised as the best offshore law firm again this year.

"We've experienced an outstanding year of growth and the continued recognition of our talented team is a welcome endorsement of their expertise and hard work," he said.

The accolades for the firm continued with the publishing of the 2022 Legal 500 Caribbean Guide, with 25 of its lawyers and service lines receiving rankings. The firm's Cayman-based attorneys ranked as "Leading Individuals" included Bergstrom; Global Senior Partner Rachael Reynolds, who was appointed to the distinguished rank of Queen's Counsel in September; Global Head of Dispute Resolution Marc Kish; and partners Nick Rogers, Giorgio Subiotto, Anthony Partridge, Angus Davison, Dave Sherwin and Bradley Kruger.

Attorneys ranked as "Rising Stars" in the Cayman office included Cline Glidden, Deborah Barker-Roye, Christopher Levers, Barry McEwan, Emma Sutherland and Michael Robinson.

"This is an excellent showing for Ogier's Cayman team across all our service lines, showcasing the real range and depth of expertise we have," said Bergstrom.

headshot of business woman


Butterfield Bank (Cayman) Limited announced last month that it had promoted Amanda Bodden to the role of senior vice president, head of retail and operations in the Cayman Islands.

Bodden joined Butterfield in 2004 as a customer service representative and was promoted to increasingly senior positions over the past 17 years, working her way up to head of personal lending in 2019. In her new role, Bodden will continue to oversee personal lending, in addition to having responsibility for all branch activities and operations in Cayman.

Cayman Managing Director Mike McWatt said Bodden has long been an asset to the Butterfield team. "With her deep knowledge of the business, experience and connection with clients, she is well-placed to oversee and continue to build upon Butterfield’s retail offering in Cayman.”

Butterfield opened a branch in Camana Bay in the One Nexus Way building in early 2020. It's located next to Sportista and Workplace Environments.

These Business Bytes were first featured in the December 2021 print edition of Camana Bay Times.

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