Established in 2012, Cayman Islands based RISA has swiftly grown to over 350 members. Focusing on delivering educational and networking events, RISA’s mandate is to investigate and share best practices amongst industry practitioners in the fields of insolvency, restructuring and litigation. The Cayman Islands is respected worldwide as an international financial services centre built upon solid, yet appropriate regulation, a legislative structure based on English Common Law and a stable political environment. It is the domicile of choice for the world’s hedge funds and private equity funds with over 10,000 registered alternative investment entities.
RISA is made up of an Executive Committee comprising three board directors and a company secretary. Three Sub Committees (Education, Events and Legal & Regulatory) report into the Executive Committee.
2016/2017 EXECUTIVE COMMITTEE
Chairman — Hugh Dickson, Partner, Grant Thornton
Hugh works in Recovery & Reorganisation, specialising in restructuring, insolvency and the financial sector.
Hugh has over 30 years of experience in corporate finance, with particular emphasis in restructuring, insolvency and the financial sector. He is recognised as an innovative expert in the management, restructuring and resolution of non-performing debts and assets, particularly in emerging markets. His involvement in exceptionally large restructuring assignments and financial sector crisis in interventions have included co-ordinating the negotiation of multi-billion dollar sales transactions and complex restructuring deals. Hugh has also developed extensive direct experience of managing, operating, restructuring and selling companies, often in difficult circumstances.
Hugh has considerable experience in dealing with value realisation where market conditions make straight sales infeasible or value destructive.
Deputy Chairman — Michael Pearson, Fund Fiduciary Partners
Prior to founding his own company in 2012, Michael formerly led Deloitte’s fund restructuring and liquidation team in the Cayman Islands. He has advised and liquidated a number of high profile investment funds and SPVs in the US, Europe and further afield.
He is experienced in managing and dealing with investors, investment managers, administrators and custodians. His previous role gave him particular insight into fund governance best practice, valuation issues, developing complex and illiquid asset realisation strategies, secondary markets, cross border litigation, regulatory investigations and investor disputes. He is uniquely positioned to advise managers, directors and investors in difficult situations.
He can also bring this experience to funds whose investors and investment managers share the same governance philosophy of having actively engaged directors and service providers, whether they are startup funds, emerging managers or well established names improving their governance structures.
Treasurer — Margot MacInnis, Managing Director, Borrelli Walsh
Margot is the Managing Director of Borrelli Walsh’s Cayman office and has 18 years of experience in asset recovery, insolvencies and forensic investigations. She is a court appointed liquidator with fiduciary duties and responsibilities for several very complex corporate liquidations. Many of these liquidations have involved international (cross border) elements and multi-jurisdictional litigation.
Margot is an energetic, thoughtful and perceptive professional. She brings critical thinking skills and a broad perspective, to client engagements, both large and small. She has been recognized for her leadership in cross border engagements involving complex business and financial issues. Her collaborative style encourages results by negotiating common ground among stakeholders with disparate views and positions.
Margot is a Chartered Accountant, Certified Fraud Examiner, and a Certified Anti Money Laundering Specialist. Currently a member of the New Brunswick Institute of Chartered Accountants, the Cayman Islands Society of Professional Accountants (CISPA), Association of Certified Fraud Examiners (ACFE), Association of Anti Money Laundering Specialists (ACAMs), Restructuring and Insolvency Specialists (Cayman) Ltd (RISA), International Women’s Insolvency & Restructuring Confederation (IWIRC), INSOL.
Margot has authored and co-written papers that have appeared in industry publications such as Insol World and the Journal of Corporate Renewal. Margot has been a speaker for ABI, ILAC and for webinars on cross border insolvency and asset tracing issues.
Secretary — Matthew Wright, Director, Rawlinson and Hunter
Matthew is a Director of Rawlinson & Hunter’s Liquidation and Restructuring company, RHSW (Cayman) Limited, having joined the firm in 2010. He has worked predominately on solvent and insolvent restructurings since joining Ernst & Young in London in 2004. In the UK, he worked on the restructuring of Metronet (London Underground), the UK subsidiary of Kaupthing, the troubled Icelandic bank, and a wide variety of trading company and debt restructurings.
Since arriving in the Cayman Islands in 2009, Matthew has led teams working on Madoff feeder funds (Rye and M-Invest) as well as luxury hotel insolvencies in the Cayman Islands, Anguilla and Turks and Caicos.
Matthew is a qualified insolvency practitioner in the Cayman Islands, specializing in corporate advisory and restructuring, liquidations, asset tracing, solvent wind down of funds and realization of distressed and illiquid assets. He is currently acting as the court appointed liquidator on several Cayman Islands funds and companies, including Sharpe Funds SPC, Caribbean Island Developments.
He also acts as Liquidating Agent and Manager of a number of illiquid and distressed funds, outside formal insolvency procedures.
Matthew is a member of the Association of Chartered Certified Accountants (ACCA) and a member of the Cayman Islands Society of Professional Accountants (CISPA). He is also a board member of the Cayman Islands chapter of INSOL, which promotes the interests of restructuring professionals in the Cayman Islands and encourages best practices in the industry. Matthew has presented at conferences and authored articles relating to distressed fund restructurings and directors’ obligations during periods of doubtful solvency.
The Education Committee is responsible for organising technical events for our members, including quarterly technical events, one day seminars and breakfast events.
John Royle, Grant Thornton
Erik Bodden, Conyers Dill & Pearman
Richard De Lacy
Declan Magennis, BDO CRI
Simon Dickson, Mourant Ozannes
The Events Committee is responsible for organising social and networking events, including dinners, cocktail events, golf tournaments and other events.
Rebecca Hume, Kobre & Kim (Cayman)
Yvonne Lorimer, Deloitte
Claire Loebell, Ernst & Young
Jeremy Snead, Appleby
James Plowright, Duff & Phelps
Legal & Regulatory
The Legal & Regulatory Committee is responsible for representing members’ interests in terms of changes to legislation, disseminating information from the Courts and promoting best practice approaches to liquidation related matters.
Sam Dawson, Carey Olsen
Hector Robinson, Mourant Ozannes
Hadley Chilton, Baker Tilly
Chris Young, Forbes Hare
Niall Goodsir-Cullen, BDO CRI
Rob McMahon, Ernst & Young