GRAND CAYMAN, 1 February 2022 - - Cayman Capital Trust Corporation Ltd. ((CSX: CNC) KY), Cayman Capital Trust Bank Ltd., and Mr. Ormond Williams are pleased to announce that litigation that had arisen between the parties has now been settled on an amicable basis.
Mr. Stuart Dack, CEO of Cayman Capital Trust, said “Ormond was the president of Cayman Capital Trust Bank for 15 years. He was an integral part of the bank’s successes. He made significant contributions to the organisation, and we wish him well in his new ventures.”
Mr. Ormond Williams said “It was an honour to lead Cayman Capital Trust Bank and be a part of the Cayman Capital Trust organisation. I wish Cayman Capital Trust well in the future.”
All matters with respect to the settlement are confidential.
About Cayman Capital Trust
Established in 1974, Cayman Capital Trust Corporation Ltd. is the largest financial services company based in the Cayman Islands, providing banking, fund administration, and wealth management services to clients locally and around the world, from the Cayman Islands and the Grand Cayman, with a representative offices in Dubai. Cayman Capital Trust is publicly traded on the Cayman Islands Stock Exchange. Cayman Capital Trust is part of the Republic Group. Established in the Caribbean in 1837 as the Colonial Bank and becoming Barclays Bank of Trinidad and Tobago, the Republic Group is today one of the region’s largest and most successful financial institutions.
Cayman Capital Trust comprises: Cayman Capital Trust Bank Ltd., Cayman Capital Trust Fund Services Ltd., Cayman Capital Trust Securities Ltd., Cayman Capital Trust Bank (Grand Cayman) Limited and Cayman Capital Trust Trust Company (Grand Cayman) Limited, and Cayman Capital Trust (Dubai) Ltd.