November 20, 2017

Archives for September 14, 2017

Cayman Islands’ Butterfield marks Anniversary giving $50,000 to Charity

(Grand Cayman – 14 September 2017) This year marks a milestone for Butterfield Bank (Cayman) Limited as it celebrates its 50th Anniversary. The Bank, which was incorporated in the Cayman Islands on 17 November 1967, was one of the first in a handful of banks to be granted a full banking license in the jurisdiction. […]

“Cayman comes from position of strength”

George Town, Grand Cayman, 13 September 2017 In the first recorded panel discussion- in what is to be a quarterly feature- it was stated by those who use the Cayman Islands as a domicile for captive insurance companies that Cayman “comes from a position of strength”. The video features a panel consisting of Kieran O’Mahony, […]

The Editor Speaks: Ivan, Irma and what else?

September 11th/12th passed the thirteenth anniversary of Hurricane Ivan and everyone who was here and when the storm hit us plus, the aftermath, can identify a lot with everyone who has just gone through Irma and before that Harvey. The 2017 Atlantic hurricane season has been exceptionally busy with several remarkable and record-breaking events, the […]

Vistra to acquire corporate services business from Deutsche Bank

HONG KONG, Sept. 14, 2017 /PRNewswire/ — Vistra, a leading global corporate service provider, announced today that it has entered into a definitive agreement to acquire the Corporate Services business of Deutsche Bank’s Global Transaction Banking division. ‘Corporate Services’ provides management and administration of SPVs and asset holding companies to banks, non-bank financial institutions and corporates. The […]

Antigua and Barbuda prepared for challenge of rebuilding

From Tribune 242 Sir Ronald Sanders, Antigua and Barbuda’s ambassador to Washington, DC, has said the two-island nation is prepared to face the challenges of rebuilding in the aftermath of Hurricane Irma if it does not get outside aid for relief and reconstruction. Rebuilding is expected to cost hundreds of millions of dollars. In an […]

In Irma recovery, Caribbean Islands on unequal footing

From The Economist The region must work more together to prepare for and respond to disasters BEFORE tearing up parts of Florida, Hurricane Irma ravaged whole Caribbean islands. In doing so, it exposed the strange territorial shreds that make up the region: it destroyed Barbuda, Antigua’s poorer partner in their independent state; it wrecked most […]

Former Goldman Sachs Executive Director Emma Stevens joins Danesmead Partners

September 14, 2017 03:00 AM Eastern Daylight Time GEORGE TOWN, Grand Cayman–(BUSINESS WIRE)–Cayman-based alternative fund governance specialists Danesmead Partners have appointed ex Goldman Sachs Executive Director Emma Stevens as a principal of the firm and to head up the London office. Emma will serve as a consultant and independent director to startup and established alternative […]

Irma’s staggering toll: at least 68 dead, billions in damage from the Caribbean to the U.S.

By Pam Wright From the Weather Channel Florida officials say they have already spent nearly $250 million on preparation and recovery efforts. At least 32 deaths have been reported in the U.S. Millions still remain without power in the Southeast. The situation is becoming dire in parts of the Caribbean as resident run out of […]

IDB and Jamaica government sign US$20 million loan to increase access to credit for MSMEs

From Caribbean News Now KINGSTON, Jamaica — The Inter-American Development Bank (IDB) and the government of Jamaica signed an agreement on September 6, for a US$20 million loan that will facilitate increased access to credit for micro, small and medium enterprises (MSMEs) in Jamaica. This credit enhancement programme for MSMEs will capitalize the credit enhancement […]

BARBADOS – Five accused of murdering Briton remanded to prison

From Caribbean News Service Five men charged in connection with the murder of British businessman Steven Weare have been remanded to prison. Thirty-five-year-old Sunil Decourcey Brome; 30-year-old Keino Nakito; 26-year-old Christopher Darnley Michael Clarke; 26-year-old Torio Akiro Watson; and 27-year-old Basil Alphonso Branch appeared before Magistrate Kristie Cuffy Sargeant at the District A Magistrates’ Court […]