Open Search

Business Bytes - March 2022

people at art gallery


Provenance Properties, the exclusive affiliate of Christie's International Real Estate in the Cayman Islands, announced its sponsorship of the second annual Cayman Art Week. The week-long curated programme of exhibitions, art galleries, open studios and late-night art events around the Cayman Islands will take place from 21 to 26 June.

Cayman Art Week was established to stimulate the Caymanian creative economy after the negative impact of the pandemic, and to celebrate Caymanian creativity.

Pictured here is National Gallery of the Cayman Islands Director and Chief Curator Natalie Urquhart at the launch party of Cayman Art Week in 2021 at Agua restaurant in Camana Bay.

portrait of business woman


Over the past 12 months, Mourant has strengthened its legal and governance services teams and its business support services in the Cayman Islands by adding 23 new staff members.
Of the 23 appointments made, 10 were recruited to the legal services teams, 10 to governance services and three to the firm's business services and support teams. These positions, over half of which are filled by Caymanians, cover a wide range of expertise and talent and represent a significant investment in the Cayman office.

The firm intends to add 14 more staff members over the next six months as part of its strategic growth plans.

One of the new appointments is Louise Somers, who joins from the Department for International Tax Cooperation as head of tax reporting for Mourant Governance Services.

In addition to taking on new staff, Mourant recently announced the promotion of Jonathan Moffatt to partner in the litigation department. Moffatt specialises in commercial and insolvency work and has played an integral role in a number of the firm's most complex and challenging matters, including the Primeo Fund and Qunar.

Over the last six months, Mourant has appointed 11 new partners drawn from every location and practice area, with 36% of these appointments being female. Mourant currently employs over 550 people across its six offices.

portrait of business woman


Bedell Cristin's Cayman Islands and British Virgin Islands teams worked together to advise KPMG on the acquisition of its Cayman Islands and BVI restructuring business by Teneo, the global CEO advisory firm. The deal, which was overseen by Bedell Cristin Partners Laura Hatfield and Stephen Nelson, was completed on 4 January 2022. Bedell Cristin’s advice covered partnership and corporate governance issues, the terms of the asset purchase agreement, employment, immigration, business licensing and property aspects of the sale.

The acquisition expands the Teneo footprint into another key financial market, bringing its global financial advisory headcount to 350 professionals across the U.S., Europe, Asia-Pacific and the Caribbean.

The sale of KPMG's Cayman and BVI restructuring businesses, comprising over 25 professionals, enables KPMG to accelerate its programme of investment in its core audit and assurance, tax, enterprise and consulting services for clients.

donation cheque


Nine students completing undergraduate studies at the International College of the Cayman Islands have received educational grants totalling US$20,000 from Scotiabank Cayman.
The students, who are pursuing various programmes in business or the STEM disciplines of science, technology, engineering and mathematics, each received US$2,200 in financial assistance that will be used towards tuition and student fees, books and other educational supplies.

Scotiabank Cayman & Trust Ltd. Vice President and Country Head Sarah Hobbs said that the corporate donation is a demonstration of the company’s commitment to promoting economic resilience within the communities that it proudly serves.

“At Scotiabank, we are committed to providing meaningful educational and employment opportunities for young people by removing barriers to their success," she said. "This initiative is one of the many ways through which we support the future generation, empowering them to stay focused on their goals and excel."

Pictured here from left are Scotiabank Cayman Human Resources Manager Janelle Milburn and Hobbs as they present a symbolic US$20,000 to International College of the Cayman Islands administrators Dr. Aleza Beverly and Lisa Wood.

In other news

You may also like