Walkers announces Senior Management Changes within Global Group Diarmad Murray named Global Managing Partner

Grand Cayman – (May 10, 2011) – Leading International Financial Centre law firm Walkers is pleased to announce a series of senior management changes within the global group.

With the forthcoming retirement of Global Chairman Wayne Panton, who has been an attorney with Walkers since 1988 and a partner with the firm since 1997, this key strategic role is to be taken on by current Global Managing Partner Grant Stein, with effect from 1 July 2011. The move into the role of Global Chairman dovetails neatly with Mr. Stein’s recent involvement in international regulatory matters, particularly his work in the formation of the International Financial Centres Forum (www.ifcforum.org), which has engaged with
global policymakers on the important role of International Financial Centres in the world economy.

Also from 1 July 2011, Diarmad Murray, the current Managing Partner of Walkers’ Cayman Islands office, will become Walkers’ Global Managing Partner. Mr. Murray joined Walkers in 1994, becoming a partner in 2000. As Global Head of Walkers’ Commercial Litigation and Dispute Resolution Group and having been Managing Partner of Walkers’ Cayman Islands office since 2009, Mr. Murray’s appointment as Global Managing
Partner ensures a seamless transition for Walkers in this position. The move comes at an exciting time for
the firm with the recent global expansion into Dublin, the Group’s ninth international office.

“On behalf of the partners I would like to thank Wayne for his outstanding contribution to the firm over the past 23 years, during which time Walkers transformed from a small local practice into a global industry leader,” commented Mr. Stein. “We are delighted to have Diarmad taking over the reins as Global Managing Partner, following the unanimous support of the partnership. He has done an excellent job in reshaping the Cayman Islands office over the past two years and our senior management team is extremely strong as we embark on the next phase of the firm’s growth.”

Alongside these changes, Jonathan Tonge, the current Managing Partner with responsibility for Walkers’ practice groups will become Managing Partner – Regions and will relocate to Walkers’ Jersey office where he will also take on the role of Managing Partner of that office. “This relocation to a UK time zone will allow more effective communication with Walkers’ offices in Asia, Europe as well as the Americas, while the move of a partner of Jonathan’s stature to Jersey demonstrates our full confidence in the jurisdiction,” Mr. Stein added.

At the same time, Ian Ashman, currently Managing Partner – Regions will become Managing Partner – Practices, with responsibility for driving the revenue of the firm. Mr. Ashman will continue to be based in Dublin where he oversaw the opening of Walker’s Ireland office in September 2010.

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About The Walkers Group
From offices in the British Virgin Islands, Cayman Islands, Delaware, Dubai, Dublin, Hong Kong, Jersey, London and Singapore, the Walkers Group provides legal and management services to leading FORTUNE 100 and FTSE 100 global corporations and financial institutions, capital markets participants, investment fund managers, and growth-and middle-market companies. The Walkers Group is comprised of leading international law firm, Walkers and Walkers Management Services, which specialises in corporate and fiduciary services.

Walkers’ expertise has been validated by numerous awards including “Offshore Law Firm of the Year” by Alpha Magazine, The Lawyer, PLC Which Lawyer? and Asian Legal Business. Walkers has also been honoured as the PLC Which Lawyer? Yearbook Leading Cayman Islands Law Firm, Who’s Who Legal Law Firm of the Year: Cayman Islands and has shared honours for “Offshore Legal Team of the Year” by the Society of Trust and Estate Practitioners (STEP). Many of Walkers’ attorneys have also been recognised by the industry and their peers.

For more information on the Walkers group, visit us on the web at www.walkersglobal.com or contact us by e-mail at [email protected] To contact Walkers by phone, call our Cayman Islands office at +1 345-949-0100.

For additional information please contact:

David Bentley
Communications Coordinator/Senior Copywriter – Walkers
Phone: +1 345 814 4547
Email: [email protected]

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