Paradigm Governance Partners, a governance and financial services firm with a presence in the Cayman Islands and New York, has boosted its Cayman Islands team with the addition of experienced independent director Cary Marr.
Before joining Paradigm, Marr spent seven years at International Management Services, where he held the position of fund director. He serves as a professional independent director on the boards of hedge funds, private equity funds, traditional long-only funds, and investment management companies. He has 25 years of experience in the offshore funds sector between the Cayman Islands and Bermuda.
Prior to IMS, Cary spent 14 years involved in the management of the global operations of Meridian Fund Services (now MUFG Fund Services), an independently owned hedge fund and private equity fund administrator. As the president and CFO of the company, he played a key role in developing each of Meridian's core service offerings, including valuation and accounting, investor relations, anti-money laundering protocols, and provision of corporate governance and directorships.
Paradigm was launched in 2018 in the Cayman Islands on the back of the growth in demand for premier quality fiduciary services. Its directors provide complementary skillsets ranging across all aspects of the alternative investment industry, including risk management, legal, regulatory, audit, accounting, compliance, valuation, trading and recovery.
Geoff Ruddick, partner at Paradigm, said: “After considerable growth since our launch only a couple years ago, and with no end in sight to the pace of change in regulatory and compliance obligations, we remain committed to growing a team with the experience and expertise to constructively support the evolving needs of our clients in Cayman and around the globe.
“Therefore, we are delighted to have someone of Cary’s calibre and reputation join us to further Paradigm’s expansion. Having known him for many years we know the value he can bring to the firm and to our clients. Cary is a natural fit given his complementary skill set, high level of experience, and dedicated client service focus.”
Marr commented: “To join a high pedigree firm with great talent and complementary skill sets is extremely exciting for me. Paradigm is comprised of industry leading professionals and to have the team readily and collectively accessible for clients is a differentiating approach. Adding my years of operational, hands-on experience across all facets of fund governance, I recognize the value proposition and range of services Paradigm can offer to clients is second to none and one that I am extremely proud to join.”
Paradigm, Appointment, Funds, Cary Marr, Cayman Islands