Finance
JTC Group invests in Cayman office
(CNS Business): JTC Group, which previously had a presence in the Cayman Islands through an alliance office, has been granted a licence to provide their full suite of private client, corporate, fund and real estate services in the Cayman Islands. The Cayman office will focus on establishing and servicing Cayman domiciled funds as well as […]
Maples Fund Services expands presence in Asia
(CNS Business): Maples Fund Services is acquiring the Hong Kong and Singapore operations of Vistra Fund Services (Vistra FS), which, the firm says, is its first acquisition and demonstrates its long-term commitment to fund administration. Maples FS says itwill look to retain all of the Hong Kong and Singapore-based Vistra FS employees with the aim […]
CEC: Campus ‘soon come’
(CNS Business): The development of the Cayman Enterprise City campus will be underway before the end of 2014, the management team told CNS Business Wednesday. Despite the numerous false starts for the project to find the right location at the right price, Charlie Kirkconnell, the CEO of the special economic zone, said CEC is committed […]
Cayman residents may have millions in unclaimed assets
(CNS Business): Millions of dollars in unclaimed property belonging to people residing in the Cayman Islands is currently being held by hundreds of federal, state, provincial or municipal governments in the US, UK, Canada, Australia and New Zealand, according to KRyS Global, a Cayman Islands based boutique fraud investigation and asset recovery firm. ‘Unclaimed Property’, […]
IMAC wooing Canadian captives
(CNS Business): The Insurance Managers Association of Cayman is actively seeking Canadian business, reporting that business owners and executives from that country are looking more carefully at captive insurance structures, particularly in the oil and gas, shipping or other heavy industrial companies and 2013 saw healthy mid-market growth in captives. Captives are useful structures for […]
Campbells’ scholarship awarded to young Caymanian
(CNS Business): Zachary Powery, who is about to enter his third year at Edinburgh Napier University, where he is studying for a BA (Hons) Accounting with Law, has been awarded Campbells’ Undergraduate Scholarship for 2014.  Powery is the first member of his Caymanian family to attend a tertiary educational institution, and he hopes to continue making his […]
New company incorporations boost Cayman registry
(CNS Business): The number of new company incorporations in the Cayman Islands increased 5% in 2013 when compared to the previous year, with the 9,433 new companies making up a solid 10% of the jurisdiction’s registry, according to Appleby, one of the world’s largest providers of offshore legal, fiduciary and administration services. Despite a slight dip […]
Caledonian Global Financial Services sells Funds division
(CNS Business): Caledonian Global Financial Services Inc, a financial services provider in the Cayman Islands, announced today that it completed the sale of its wholly owned subsidiary, Caledonian Global Fund Services Limited, to Circle Partners. Management and staff at Caledonian are in full support of this transaction and have worked with senior management of Circle Partners in realizing this […]
Law firm recruits two new article clerks
(CNS Business): Ogier in Cayman has appointed two new articled clerks, Paul Ebanks and John Carey, for an 18-month term. “Paul and John have achieved strong academic results and we are confident they will continue to thrive in the next phase of their legal education,†said Nick Rogers, Managing Partner, Ogier in Cayman. “Both Paul and John join […]
Cayman government ‘astounded’ by blacklisting
(CNS Business): The minister for financial services has said the decision by the UK’s Financial Conduct Authority to place the Cayman Islands on its high risk countries list, as reported by CNS Business on Thursday, defies logic. Astounded by the decision, Wayne Panton told CNS Business Thursday that government had already written to the FCA […]
Tax haven film to première at Toronto film festival
(CNS Business): A new documentary about tax havens, “The Price We Payâ€, is to receive its world première on 5 September at the Toronto International Film Festival. TIFF says Director by Harold Crooks “blows the lid off the dirty world of corporate malfeasance with this incendiary documentary about the dark history and dire present-day reality […]
Cayman Islands on UK blacklist
(CNS Business): The UK’s financial regulator has placed Cayman on a list of what it describes as high risk countries. Despite on-going efforts by the Cayman Islands Government to change attitudes towards the financial services industry here, the Financial Conduct Authority has still blacklisted the country. The British watchdog, which replaced the Financial Services Authority, […]
Cayman Graduate Joins Maritime Authority
(CNS Business): The Maritime Authority of the Cayman Islands (MACI), parent organisation of the Cayman Islands Shipping Registry, continues its support of home grown talent by welcoming Gary Owen Foster to their team. Gary, who was the recipient of a MACI scholarship in 2011, graduated from Eckerd College, St. Petersburg, Florida in May 2014 with […]
Onerous customs coding to be simplified
(CNS Business): Responding to continued complaints about the time importers are spending at the customs department as a result of the new coding system, the government is not only drastically reducing the number of codes but for a small flat fee of $5 customs officers will now take care of the coding for them. At […]
Campbells’ Associate admitted to Bar
(CNS Business): Campbells attorneys says that associate Jeremy Durston was admitted as an Attorney-at-Law in the Cayman Islands on 5 August. Durston has had long ties to Cayman as his parents have been residents for upwards of 20 years and it was always his intention to make Cayman his home and to become a law […]
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