Cayman Islands: Anthony Travers OBE
Last Updated: 5 December 2012

has been appointed Senior Partner of the firm with effect from 1 December 2012, and Thorp Alberga has been renamed

              Travers Thorp Alberga

Travers was previously the Senior Partner of Maples and Calder and led that Cayman Islands firm to its earlier position of dominance over a 30-year period, culminating in the establishment of a global network of foreign offices.

He has extensive experience in all aspects of Cayman Islands law and is the architect of the legislation governing key financial services in the Cayman Islands including the Exempted Limited Partnership Law 1991 and the Mutual Funds Law 1993 which formed the foundation for private equity and investment funds in the Cayman Islands and, in the area of private client, the Fraudulent Dispositions Law 1989.

He is a former President of the Cayman Islands Law Society and high profile advocate of offshore financial centers. After retiring from Maples and Calder in 2006, he headed up Cayman Finance, the private sector representative body, serving from 2009 to 2011 on a pro bono basis. He will continue in his role as Chairman of the Cayman Islands Stock Exchange.

Travers was made an Officer of the Most Excellent Order (OBE) for his services to the Government and the financial sector in August 1998. He has written numerous articles and speaks regularly at conferences and seminars.

Travers said: "My six year non-compete with my old firm has now expired and a number of my former clients have asked me to step back in. Given macroeconomic and onshore regulatory changes, it is time for some fresh thinking in the provision of offshore legal services.

"I was attracted to the firm because a number of my highly experienced former colleagues are already partners and their expertise in financial services and regulation is second to none. In a fast changing regulatory environment the firm's emphasis on Government relations is now a very necessary part of a comprehensive client service.

"The firm also has a unique philosophy on fees which is highly relevant to the current financial climate and compelling. There have been recent criticisms of the old offshore law firm model which is clearly no longer as appropriate in changing circumstances and is obviously not working as well as it once did."

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