Senior representatives from HM Revenue & Customs in the UK and the Cayman Islands Monetary Authority were among the speakers at Mourant Ozannes’ eighth annual Cayman regulatory seminar which took place on 2 February 2018, under the theme ‘Existential challenges meet industry differentiation and resilience’.
The Bank of NT Butterfield & Son has entered into an agreement to acquire Deutsche Bank’s banking and custody business in the Cayman Islands, Jersey and Guernsey, which provides services primarily to financial intermediaries and corporate clients. Terms of the agreement were not disclosed.
Hedge funds have produced more consistent and steadier returns than equities or bonds over both the short term and the long term, according to new research by Preqin, the data provider, and the Alternative Investment Management Association (AIMA), the global representative of alternative investment managers.
Estera, a global provider of fiduciary and administration services, continues to strengthen its workforce following a senior appointment. David Lambotte has joined as a director and his role encompasses the management and development of the group’s private client services.
Offshore law firm Mourant Ozannes has reinforced its Cayman Islands finance practice with the appointment of Chinyin Johnston to its global partnership. The firm has also appointed two new partners in its Jersey office, bringing the total number of partners at the firm to 60.
Campbells has hired an experienced commercial litigator into its litigation, insolvency & restructuring group. Mo Haque QC brings over 20 years of dispute resolution and arbitration experience to the firm.
Following a successful career at Maples and Calder, Caymanian lawyer Caroline Dell has taken a position as an in-house counsel with Man Group, an active investment management firm, in London after three secondments with the company.
Virtual reality is increasingly being used by companies for a variety of things impossible to achieve without it. But while it has great potential, it also presents risks and challenges for society, Professor Jeremy Bailenson, founding director, Virtual Human Interaction Lab, Stanford University, told delegates at CAIS 2018.
The world in part is moving from an ethos of globalism to protectionism – but it can be difficult to assess the extent to which this will continue and how investors should react to such a movement globally, Professor Amin Rajan, CEO, CREATE-Research, told delegates at CAIS 2018.
Cayman Finance, the body that develops and promotes the Cayman Islands’ financial services industry, has formed a working group tasked with developing ways in which the benefits of Fintech can be embraced by the financial services industry by solving some of the challenges around regulation and transparency.