Grand Cayman – (December 9, 2011) – Leading international financial law firm Walkers announces that after an extremely distinguished career spanning almost 32 years with the firm, chairman Grant Stein has decided to retire on 30 June 2012.

Having joined Walkers in 1980, specialising in international corporate and trust matters, Grant became a partner with the firm in 1984, before going on to become senior partner in 1999 following the retirement of Bill Walker, the firm’s founder.

In 2006 Grant was named Global Managing Partner of Walkers, following the creation of that position, which was a role he held until July 2011 on becoming chairman of the firm. After 32 years with the firm, 28 of which as partner, Grant’s last day with Walkers will be 30 June 2012.

“Whilst his departure is obviously a considerable loss to the Walkers Group, Grant’s legacy is a vibrant thriving business, one which will carry forward much of the innovation and rigour he has introduced,” said Diarmad Murray, Walkers’ Global Managing Partner. “On behalf of the partners, I would like to thank Grant for his enormous contribution to the success of Walkers, and we wish him a long, relaxing and enjoyable retirement.”

In addition to his expertise in international companies and trusts, Grant has been active in international regulatory matters and was instrumental in the formation of the International Financial Centres Forum (www.ifcforum.org). The IFC Forum was established in 2009 to provide authoritative and balanced information about the role of IFCs in the global economy.