The twenty-third edition of the Global Financial Centres Index (GFCI 23) has ranked the Cayman Islands among top 25 best financial centres in the world, one of only four such jurisdictions from outside the G20.
Samuel Banks, who began his legal career as a Cayman Islands Appleby scholarship recipient before joining the articled clerk programme, has been made a partner of the firm.
The Alternative Investment Management Association (AIMA), the global representative of alternative investment managers, and its private credit affiliate, the Alternative Credit Council (ACC), have published new guidance for fund managers in valuing their investments.
Deloitte has promoted Laurie Mernett (Audit & Assurance) and Jon Treadway (Tax) to partner in the Cayman Islands office.
100 Women in Finance (100WF), a non-profit organisation for professionals in the finance and alternative investment industries, raised more than $52,000 at its recent Barefoot Beach Gala.
Butterfield has completed its acquisition of Deutsche Bank’s Global Trust Solutions business outside of the US. The portfolio consists of some 1,000 trust structures for approximately 900 clients.
On the back of a growth in demand for quality fiduciary services, three experienced figures in the alternative investment industry have partnered to form a new licensed fiduciary services company in the Cayman Islands.
Hedge funds started the year up 2.20 percent in January with managers reporting performance-based gains of $20.3 billion while investor subscriptions stood at $21.7 billion at the start of the year, according to the Eurekahedge Billion Dollar Hedge Fund Index.
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.