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
For expert advice, contact us today – we’d love to hear from you. Please fill in the form and we will contact you as soon as possible.
KNOWLEDGE
- AI Act Set to Come into Force on 1 August 2024 02 July 2024
- The CLOser - June 2024 27 June 2024
- Update on the UK's Implementation of the Overseas Funds Regime for UCITS 25 June 2024
- ICLG Aviation Finance & Leasing 2024: Cayman Islands 20 June 2024
- ESMA Report on MiFID II Marketing Requirements 19 June 2024
NEWS & DEALS
- Maples Group Advises Pantarei Asset Management Limited on Hong Kong Fund Launches 27 June 2024
- Maples Group Advises Drake & Scull International PJSC on Landmark Sukuk SPV Issuance 25 June 2024
- Maples Group Pledges US$ 70k to Support Inclusive Education in the BVI 19 June 2024
- Maples Group Advises on US$500 Million Fund Formation by Japan-focused Private Equity Firm 17 June 2024
- Maples Group Advises Screaming Eagle on US$4.6 Billion Combination with Lionsgate's Studio Business 14 June 2024