Trinity Fund Administration is to open an office in the Cayman Islands and has received a full fund administrators license from the Cayman Islands Monetary Authority.
Trinity Fund Administration is to open an office in the Cayman Islands and has received a full fund administrators license from the Cayman Islands Monetary Authority.
Brad Cowdroy (pictured) has been appointed head of the new Cayman office and will have overall responsibility for local service offerings and the principal management of all North American account business.
Cowdroy joins from Goldman Sachs, where he was a vice president in fund administration services. Prior to this, he held positions at CIBC and PricewaterhouseCoopers in the Cayman Islands, where both roles focused in the funds area.
John McCann, managing director of Trinity, says: ‘We are absolutely delighted to have someone of Brad’s calibre and experience heading up our new Cayman office and joining the Trinity group. Brad brings a wealth of experience in alternative fund servicing, as well as a broad knowledge of administrative and regulatory issues affecting our clients. We have no doubt he will make a significant contribution to the organisation’s growth moving forward.’
Trinity provides a full range of hedge fund administration services to investment groups based around the globe, which operate fund structures domiciled in a range of jurisdictions, including Ireland, Cyprus, Cayman Islands, Bahamas, Bermuda, BVI, Malta and the Channel Islands. A significant portion of its business comes from Cayman registered funds.
The firm’s expansion into Cayman comes in response to strong client demand, particularly from emerging managers, and will provide a local point for firms to access Trinity’s broad suite of services.
McCann adds: ‘This is a major step forward in terms of Trinity’s expansion plans. We have always offered a complete suite of services to Cayman-domiciled funds and this brings us that much closer to this important component of our business.’
