GlobeOp Financial Services has announced the enhancement of its investor relations services for funds domiciled in the Cayman Islands through the appointment of former funds regulator Gary
GlobeOp Financial Services has announced the enhancement of its investor relations services for funds domiciled in the Cayman Islands through the appointment of former funds regulator Gary Linford to its Cayman subsidiary’s board and the opening of a new office.
Linford is the highly-regarded former head of the investment and securities division of the Cayman Islands Monetary Authority, where his primary responsibility was the oversight of the investment fund sector.
The role included the authorisation of hedge funds, fund administrators and investment managers, and he also worked closely with the hedge fund industry in formulating changes to legislation, regulations and guidance notes affecting the sector’s regulatory framework.
‘We’re very pleased to welcome Gary Linford to our Cayman subsidiary board and look forward to the expertise and advice he brings related to services for Cayman-domiciled funds,’ says GlobeOp president and chief operating officer Vernon Barback.
‘His industry experience, particularly at CIMA during a period of unprecedented growth in the hedge fund industry, will be immensely valuable to us, our clients and their investors.
‘As the demand for more transparent and independent investor reporting increases, we continue to strengthen our investor relations team and services globally. Recent developments include online investor reporting through our GoBook platform, the opening of a Dublin office to service funds in that domicile, and new registry office services such as fund board meeting support in our new Cayman office.’
Says Linford: ‘I am pleased to join GlobeOp at a time when independent, transparent and professional fund performance reporting is an increasing priority for both institutional and private investors.
‘GlobeOp is recognised globally for its financial technology leadership. Benchmarks such as its SAS 70 certification further raise industry administration and reporting standards in response to investor expectations.’
The new GlobeOp office is located in a new 300,000-square foot hurricane-resistant financial services industry complex in Camana Bay, a new business and urban centre being developed on Grand Cayman’s North Sound, north-east of the capital George Town.
GlobeOp Financial Services provides automated, integrated middle- and back-office, administration and risk reporting services to hedge funds and asset managers including banks, insurance companies, mutual funds, pension schemes and proprietary traders.
Established in 2000, GlobeOp serves more than 155 clients worldwide, has more than USD100bn in assets under administration and employs more than 1,750 people at its headquarters in London and New York and offices in Dublin, the Cayman Islands, Harrison in New York state, Hartford and Mumbai.
