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
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KNOWLEDGE
- Work Life Balance and Miscellaneous Provisions Bill 2022 04 July 2022
- Irish FinTech Regulation Focus - Six Key Areas 04 July 2022
- Implementation of the EU Directive on Transparent and Predictable Working Conditions 29 June 2022
- Finance Dublin Irish Tax Monitor 28 June 2022
- ECCA Declines to Hear Appeal Against Ex Parte Orders Prior to Return Date 27 June 2022
NEWS & DEALS
- Maples Group Partners Win at European Women in Business Law Awards 2022 27 June 2022
- Maples Advises SCC Power on Acquisition of Stoneway's Business Enterprise 23 June 2022
- Maples Group Represents Clearlake on Significant Transactions 16 June 2022
- Maples Group Wins Three Awards at China Business Law Awards 2022 15 June 2022
- Maples Group Supports First Cayman Islands Entity to List on Three International Stock Exchanges 06 June 2022