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CISR Moves MED Office To Monaco

by Mary Swire, Tax-News.com, Hong Kong

15 May 2009


The Cayman Islands Shipping Registry (CISR), a division of the Maritime Authority of the Cayman Islands (MACI), has announced that it has relocated its Mediterranean representation to the Principality of Monaco with effect from May 1, 2009.

"Expansion over the past two years has been significant to the CISR," explained Mr Joel Walton, CEO (Designate) of the MACI and Director of CISR.

"In order to strategically place ourselves for the convenience of our clients, we opened our first representative Mediterranean office in Cannes and it was very well received. However, in order to expand our services, we decided to move our representation to Monaco, where we have a large client base, once accommodation and representation services there could be secured," he added.

The promotional launch later this month will also provide an opportunity for the organization to introduce its new Mediterranean technical representative, Mr Eduard Henny, Consultant Surveyor, now on board.

On hand for the occasion will be key staff from the CISR’s Cayman Headquarters and from its European Regional Office, located in Southampton, UK, including the CISR’s new Assistant Registrar of Shipping (UK), Ms Tamara Bostock who is now based in the Cayman Islands Government Representative Office in London.

Walton went on to explain that Monaco, with its wealth of financial services and international high net worth individuals, is a natural fit for the CISR, remarking:

"It’s where we always intended to be, but it was very difficult to find the right fit initially, so we went a little further afield, locating in Cannes when we first had the opportunity."

"This launch and the promotional luncheon will provide an opportunity to showcase the services of our new Mediterranean representation and our global network," added Mr Henny, concluding the announcement.

The Cayman Islands Shipping Registry has representation in nine locations globally: George Town, Grand Cayman Head Office; European Regional Office, Southampton, UK; London; Ft. Lauderdale; Monaco, Athens, Singapore, Hong Kong and Tokyo.


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