Funds business Hawksford has secured a trust licence from the Cayman Islands Monetary Authority (CIMA).
The licence enables Hawksford Services (Cayman) to provide a full range of trust services to private client and corporate clients.
Hawksford director Steve Robinson, who will help to build Hawksford's name in the Cayman market, said the trust licence represents a milestone for the business.
“We are delighted that Hawksford now has operating capabilities in the Cayman Islands, this is a significant development for the company and our clients,” he said.
“Hawksford's new Cayman business will bring scalability to how we are able to service our international client base and will open up new service areas for the company. From a structuring perspective, our broadened capabilities will be particularly complementary for our clients in the Asian, UK and US marketplaces.”
Maxine Rawlins, Hawksford's chief executive, added: “As part of our international growth strategy, Hawksford is building a network of jurisdictions around the globe and we are delighted to extend our footprint into the Cayman Islands.
“Obtaining this licence reinforces our commitment to provide our clients with an international service. The operations, risk and legal teams have worked extremely hard to secure this licence, and we are looking forward to growing our capabilities in the Caribbean region.”
Hawksford, Cayman Islands Monetary Authority, Steve Robinson, Maxine Rawlins, Cayman