A new business building has opened on the grounds of the International College of the Cayman Islands (ICCI).

It has been named the Carlyle and Martha McLaughlin Hall in honour of two people who made immense financial and professional contributions to ICCI throughout the past few decades.

College president Mr. John Cummings, PhD said, “The plans for this new business building have been in the works for a long time. There have been a few setbacks along the way, but today we are celebrating the grand opening of the hall.”

The Cayman Islands Society of Professional Accountants (CISPA) and the Cayman Islands Fund Administrators Association (CIFAA) have each sponsored the out-fitting of a classroom.

They have both played a role in funding the building, as the college is a non-profit, private institution.

Its priority is to keep the school’s fees as reasonably priced as possible to provide accessibility for Caymanians and residents while maintaining its international accreditation.

Jeff Short, President of CISPA said “We are thrilled to be part of this project as it will provide more room and opportunity for students wishing to pursue accounting related courses.

“This is an exciting time for students and staff of the International College and we wish them great success.”

Darren Stainrod, Chair of CIFAA added, “This new building will provide the opportunity for more local students to obtain qualifications that will eventually open doors for them in the accounting industry in Cayman.

“In doing so, it will ensure the availability of qualified professionals on the Island and enable businesses to grow and to maintain Cayman’s position as a leading global financial centre.”

Dr. Cummings extended his thanks to the Cayman National Bank for financing the project and Phoenix Construction for its work and guidance in the new building.

Minister for Education, Hon. Rolston Anglin said, “ Its great to be here with the ICCI family on such a wonderful occasion.

“Certainly as we look to tertiary education in the future, I’ve made it clear to the president here, that I see ICCI as a key partner for government in the delivery of tertiary education.”