Conyers Dill & Pearman, an offshore law and fiduciary services firm, has temporarily moved Ryan McConvey, Conyers’ articled clerk, to Hong Kong for four months.
McConvey will work in Conyers’ Hong Kong office as its articled clerk, reporting to Devika Parchment, another Caymanian attorney.
He will gain international experience in the financial services industry and also get practical training on Cayman-related matters, such as mergers and acquisitions, listings of Cayman companies on the stock exchange of Hong Kong, contentious board and shareholder meetings and other general corporate and restructuring matters.
“The type of work Ryan will be doing in Hong Kong is wider reaching and in many respects much more demanding than what he would experience here in Cayman,” said Kevin Butler, Conyers’ managing partner of the Cayman office.
“The exposure he will receive in that fast-paced and highly charged environment will benefit his professional development exponentially.”
What will this mean for traditional domiciles?
“It should probably shake them up a bit; maybe make them less complacent about processes and requirements that have not changed much in 30 years.
“The captive insurance business is ripe for change. Domiciles should think hard about what their distinctive capabilities are, and how to appeal to US captive owners who increasingly have many more options.”
Conyers Dill and Pearman, London, UK, Cayman, Fiduciary, Funds, Ryan McConvey