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
- Privy Council Upholds Shareholder Arbitration Agreement and Stays Just and Equitable Winding Up Petition 21 September 2023
- BVI Business Companies Requirements for New Annual Returns 19 September 2023
- Co-Invest and Carried Interest Solution for Private Equity Firms with Employees in India 19 September 2023
- Chambers Private Wealth Guide 2023: Cayman Islands 19 September 2023
- Changes to BVI Business Companies Act 2023 Amendments Filing an Annural Return 18 September 2023
NEWS & DEALS
- Maples Group Represents Mountain Co SPAC Merger with FC Barcelona's Media Division 20 September 2023
- Maples Group Welcomes Cayman Islands Government's Expansion into Asia 18 September 2023
- Maples Group's International Tax Teams Recognised for Excellence by International Tax Review 06 September 2023
- Aisling Dwyer Named Top Offshore Litigator in Asia 30 August 2023
- Maples Group Advises Azul on US$2.25 Billion Restructuring 02 August 2023