Financial service provider International Management Services (IMS) has promoted Geoff Ruddick to head of funds and the board of directors.
Ruddick joined IMS back in 2006 as part of the senior management team. Since then has contributed significantly to the success of IMS Funds Services, a division of IMS, which is one of the longest standing independent premier fiduciary service providers in the Cayman Islands, said the company.
Prior to joining IMS, Ruddick was the managing director of Hedgeworks Fund Services (now Deutsche Bank (Cayman)) and, before that, he was a director and compliance officer with Derivatives Portfolio Management (now DPM Mellon).
Prior to entering the commercial side of fund management, Ruddick worked with KPMG in Vancouver auditing mutual funds, banks, and insurance companies and later with KPMG in the Cayman Islands, where he worked in the corporate recovery department involving the liquidation of hedge funds and other regulated entities.
Gary Butler, managing director and legal counsel for IMS, said: “Geoff has gained a thorough and intimate knowledge and understanding of the organisation, its capabilities and unique competitive advantages and he is perfectly positioned and uniquely placed to lead and grow the IMS Fund Services business. He has been instrumental in developing the IMS model and increasing IMS’ profile within the market place.”
Ruddick said: “Corporate governance has historically been undervalued and it is certainly rewarding to see it being taken more seriously in the current environment by all stakeholders. As we continue to see positive changes within the industry I am confident that we will provide even more value for our clients and investors alike. We have a strong, well‐known, and respected fiduciary team at IMS and I look forward to working collectively with my colleagues to further strengthening our services.”
IMS, Geoff Ruddick, Hedgeworks Fund Services, Deutsche Bank (Cayman), DPM Mellon, KPMG, Gary Butler, Cayman