Crestbridge, a fund and corporate services provider, will open an office on the Cayman Islands by the end of the year.
The company said the move, which is subject to regulatory approvals from the Cayman Islands Monetary Authority, was in response to continued growth and client demand.
The company said the new office will enable Crestbridge to offer a range of governance services to the international funds community.
The Cayman Islands team will be led by three Cayman directors with extensive experience in the Cayman Islands, working with fund and corporate structures including hedge funds, multi-manager funds, private equity, debt and insurance structures.
Crestbridge currently has offices in Jersey and Luxembourg and offers a range of fund, real estate, corporate, capital markets and family office services. It administers more than $60 billion of assets across multi-jurisdictional structures.
Graeme McArthur, Crestbridge chief executive, said: “We are delighted to have such an experienced team joining us and bringing with them market leading expertise in the specialist sectors they will serve. Given the demand for Cayman based services from our existing client base, Crestbridge opening its doors in the Cayman Islands makes sense not only for our existing clients, but for our overall growth strategy.”
Crestbridge, Cayman, CIMA, Graeme McArthur, Europe