Inter-Ocean Management relaunched as Oyster Consulting
Inter-Ocean Management Ltd has been reborn in the shape of Oyster Consulting (Bermuda) Ltd.
A Bermuda company established through a private act in the 1960s, Inter-Ocean Management was continually maintained by insurance industry veteran Brian Hall, who also served as chairman of Johnson & Higgins (Bermuda) Ltd.
Virginia-based Oyster Consulting, LLC is now setting up a platform for its services in Bermuda through Oyster Consulting (Bermuda) Ltd, the new name for Inter-Ocean.
Alison Morrison will lead Oyster Consulting (Bermuda) Ltd as partner and managing director. The company will aim to provide cost-effective, expert guidance for Bermuda institutions subject to Anti-Money Laundering and Anti-Terrorist Financing regulations.
Ms Morrison has experience of being senior vice-president of risk and compliance and money laundering reporting officer for Bermuda-based Citi Hedge Fund Services. In a statement, the company said Ms Morrison will also be able to guide entities potentially impacted if future regulations expand to other industries in Bermuda and elsewhere.
“After more than 15 years leading major firms’ risk and compliance efforts, I look forward to applying my expertise to help both Bermuda-based and global entities remain in regulatory and operational compliance in an ever-changing regulatory landscape,” Ms Morrison said.
One of Oyster Consulting’s founders, Rob Hall, a Bermudian and son of Brian Hall, met Ms Morrison at the annual Cup Match holiday three years ago. He immediately realised his firm and her Bermudian Anti-Money Laundering expertise should establish a way to collaborate in the future.
“For some time, we recognised the need to provide offshore businesses with high-quality, effective advice from acknowledged experts,” explained Mr Hall. “The opportunity to launch this platform with Alison perfectly aligns with our services in the United States.”
Oyster Consulting supports wealth management, trading and asset-servicing firms with audit, regulatory, compliance, financial, strategic management, operational and technology consulting services.
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