Cayman Islands
People Moves | 26 Jul 16
PEOPLE MOVES: Aviva Investors, BNY Mellon, HSBC Private Bank
Aviva Investors has named an interim replacement for its Asia Pacific chief executive. BNY Mellon has announced two senior investment services promotions in EMEA, while HSBC Private Bank has named a business head for North America.
Investment | 18 Jul 16
Cayman bank and BVI forex trader sued in alleged Ponzi scheme
Cayman Islands-based DMS Bank Trust and British Virgin Islands-domiciled CWM are being sued by 318 victims of an alleged £50m ($65.9m, €59.7m) investment fraud.
Gibraltar, Cayman sign MoU on alternative investment funds
The Gibraltar Financial Services Commission (GFSC) has signed an agreement with the Cayman Islands Monetary Authority (Cima) on the oversight of alternative investment fund managers.
North America | 29 Jun 16
Bill to replace Cayman Islands’ ‘secrecy law’ tabled
A bill to replace the Cayman Island’s controversial ‘secrecy law’, which would remove criminal sanctions for the unlawful disclosure of information, has been submitted to the jurisdiction’s legislative assembly.
Middle East | 14 Jun 16
Abu Dhabi signs cooperation agreement with Cayman Islands
The Financial Services Regulatory Authority of the Abu Dhabi Global Market (ADGM) signed a memorandum of understanding with the Cayman Islands Monetary Authority on Thursday.