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Carne hires fund director from Intertrust
Carne, a global provider of independent fund governance and oversight solutions for investment funds, has appointed Laren Gillespie to its team of Cayman Islands independent fund directors.
Appleby acquires Cayman trust business from Coutts
Appleby, a provider of offshore legal and fiduciary services, has acquired two of Coutts’ trust businesses.
Cayman remains leader in offshore dealmaking
The Cayman Islands has kept its position as the most popular offshore jurisdiction for dealmaking in the third quarter of 2013, according to a report released by Appleby, a provider of offshore legal, fiduciary and administration services.
Independent directors must be beyond scrutiny
As regulators and investors place ever more scrutiny on corporate governance, the appointment of experienced and qualified independent directors has become ever-more critical and firms should check the suitability of directors on a number of fronts before confirming appointments.
CIMA partners on training for banking supervisors
The Cayman Islands Monetary Authority (CIMA) recently partnered with the Association of Supervisors of Banks of the Americas (ASBA) and the Caribbean Group of Bank Supervisors (CGBS) to host a five-day Banking Analysis and Examination School for banking supervisors in the Caribbean.
Intertrust hires fiduciary expert from Deloitte
Intertrust, a provider of trust and corporate management services, has expanded its fiduciary team in the Cayman Islands and in Singapore.
Weavering case throws spotlight on directors’ duties
A recent case heard by The Grand Court of the Cayman Islands in which the directors of a hedge fund were found responsible for willful neglect and default and ordered to pay over $110 million each in fines, represents a timely reminder that directors of hedge funds should not only do their duty but must also be seen to do their duty.
Bell Rock expands independent director services team
Bell Rock, a provider of non-executive independent directors to the alternative investment fund industry, has appointed Evan Judd to its independent director services team, as it expands its fund governance practice for investment funds.
Financial services remain the economic lifeline
The financial services industry remains the lifeline of the Cayman economy while efforts to diversify the economy are needed and welcomed, every effort must be made to keep the heart of the economy strong.
