Kevin Reed, Accountancy Age, Wednesday 16 June 2010 at 09:54:00

Begbies is Caymans-bound, as it expands its offshore practice

The Cayman Islands will now boast a Begbies Traynor office, as the listed insolvency firm expands its offshore practice.

Its Cayman office will focus on insolvency and forensic services for offshore structures and special investment vehicles ? this will also extend the reach of its joint venture with US financial advisory business Mesirow Financial Consulting.

Begbies has also teamed up with a practice in the Isle of Man, which joins the Begbies Global Network. The network is an affiliation of independent firms.

"They will further enhance the group?s existing presence in the important and rapidly growing offshore markets, giving the group the resources and expertise to carry out complex and cross-jurisdictional work," said Begbies executive chairman Ric Traynor.

The Cayman office will be headed up by Mike Saville. The firm joining the network in the Isle of Man is Shimmin Wilson & Co.

Further reading:

Begbies acquires Tomlinsons

Begbies CFO to leave for NCC

Begbies renegotiates its credit facilities