The Cayman Islands Monetary Authority (CIMA) hosted an anti-money laundering (AML) outreach session for bank licensees and representatives of regulated trust and corporate service providers (TCSPs) at the Westin Grand Cayman Governor’s Ballroom on Friday, 13 September.
Results from a survey undertaken by AIMA and RSM show the classic ‘2 and 20’ fee model is no longer the standard structure charged by the hedge fund industry. As fund managers and investors focus on customisation and deeper partnerships to align interests, attention is no longer solely on fees.
The Alternative Investment Management Association (AIMA), the global representative for the alternative investment management industry, have been actively engaging with members at a series of educationally inspired events focused on the current regulatory landscape facing the industry.
Inflexion Private Equity has backed a deal that will mean the acquisition of Estera, a global provider of funds, corporate and trust services, from Bridgepoint. Following completion of the investment, Estera will be merged with Inflexion’s existing portfolio company Ocorian.
Law firm Maples and Calder has appointed Heidi de Vries as the Managing Partner of its London office. De Vries will succeed Paul Govier in December who is retiring from the firm.
Dominic Lawton-Smith has joined Crestbridge in Cayman to focus on ultra-high net worth families and their advisers.
Following changes to its ownership structure at the end of March, RHSW Caribbean has rebranded to be R&H Restructuring.
Working relationships between local public and private sector agencies combatting money laundering and terrorist financing are growing stronger, thanks to ongoing work by National Coordinator for the Anti-Money Laundering Steering Group (AMLSG) Elisabeth Lees.
The Ministry of International Trade, Investment, Aviation and Maritime Affairs has appointed André Ebanks to be the Cayman Islands Representative to the UK and Europe with effect from Monday, 2 September 2019.
Offshore law firm, Mourant, has announced eight promotions in its Cayman Islands office.