Scott Somerville
OVERVIEW
Scott has technical and management oversight responsibilities for the fiduciary, fund, regulatory and compliance, and entity formation and management businesses of the Maples Group. As a member of the executive committee, he supports the development and execution of the organisation's global strategy. In this capacity, Scott has played a pivotal role in the expansion of the business, both from a jurisdictional and business line perspective. Given his extensive experience in the financial services industry and in dealing with regulatory bodies globally, Scott also serves as a non-executive director to a limited number of hedge funds, private equity funds and other investment vehicles. In 2014, Scott was inducted into Global Custodian's "Legends" Hall of Fame which honours the individuals who have shaped the securities services industry.
BACKGROUND
Scott relocated from Canada to the Cayman Islands in 1996 and has worked in the financial services industry since that time. He joined the Maples Group as Head of Investment Funds before he was appointed Chief Executive Officer in 2010. He previously worked for CIBC Bank and Trust Company (Cayman) Limited. He began his career with KPMG in Canada and the Cayman Islands. Scott is a British, Canadian and Caymanian citizen and resides permanently in the Cayman Islands.
PROFESSIONAL ACTIVITIES
Member of the Canadian Institute of Chartered Accountants
Member of the Cayman Islands Society of Professional Accountants
Member of the Cayman Islands Directors Association
AREAS OF EXPERTISE
Fiduciary Services
Fund Services
Regulatory & Compliance
Entity Formation & Management Services
Specialty Services
EDUCATION
Canadian Securities Course, 1994
Carleton University, Bachelor of Commerce (Honours), 1993
GET IN TOUCH
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KNOWLEDGE
- The Central Bank (Individual Accountability Framework) Act 2023 24 March 2023
- Check Your Privilege: Cayman Islands Companies and Disclosure Obligations 24 March 2023
- ICLG Mergers & Acquisitions 2023: Cayman Islands 23 March 2023
- Employment Law Series - The European Union (Transparent and Predictable Working Conditions) Regulations 2022 22 March 2023
- An Update on Private Debt Funds in Luxembourg 22 March 2023
NEWS & DEALS
- Maples Group's Asia and Irish Funds Practices Advise on Publicly Offered Fund in Japan 24 March 2023
- Maples Group Appoints Litigation Partner Duo as Global Practice Co-Leaders 21 March 2023
- Maples Group Seconds Cayman Islands-Based Lawyer to Singapore 13 March 2023
- Maples Group's London Funds Team wins Hedgeweek Award 10 March 2023
- Maples Group Announces 2023 Global Partner and Of Counsel Promotions 09 March 2023