Maples and Calder Trusts Partner Elected as STEP Chairman
The Cayman Islands branch of the Society of Trust and Estate Practitioners ("STEP") recently announced its officer elections following the annual general meeting held in June.
Maples and Calder trust partner, Nigel Porteous, secured the honourable position of Chairman, succeeding Carlos Pimentel, who served for three years in the post. Mr. Porteous is a good fit for the role, given his experience on all aspects of trusts law including those concerning private trusts, public trusts and trusts used for commercial purposes, in particular unit trusts. His practice encompasses technical and practical advice for private individuals as well as for the world's leading multinational banks and trust companies. Mr. Porteous is regularly consulted by corporate trustees on matters concerning management of trust business, the formulation of precedents and the mitigation of risk; all fields in which he has over twenty years of experience. His advice is also frequently sought on the formulation of complex trust structures, solutions for trust structural and validity issues, and the resolution of trust disputes.
Mr. Porteous has also served in the capacity of STEP Secretary for the City of London branch.
"I look forward to serving as Chairman and to the challenges ahead for STEP Cayman, as it strives to promote and support the trusts and estate industry in the Cayman Islands," said Mr. Porteous. "I would like to extend my thanks to those outgoing officers for their years of hard work and dedication to the office."
Jacqueline Stirling assumes the role of STEP Treasurer, taking over from William Walmsley who will now serve as STEP Vice Chairman. Andrew Miller retains the office of Secretary for the fourth consecutive year, and Joan Dowling will serve as Student Liaison Officer.