Stenham hires Paul Bailey for Bermuda and the Caribbean
Investment management group Stenham has expanded its activities in Bermuda and the Caribbean by hiring Paul Bailey as an exclusive consultant for the region.
Bailey comes with a track record of assisting professional advisers and their clients in offshore markets including Bermuda, the Caribbean and the Channel Islands.
Bailey spent ten years with GAM in London and Bermuda and has extensive knowledge of the region and its important decision makers. His remit with Stenham will be to leverage his experience of those markets and develop the firm’s relationships with key professional advisors and their clients.
Harry Wulfsohn, director and head of institutional business development, says: “Bermuda and the Caribbean have recognised for some time the benefits of Absolute Return Strategies, including alternative investments, as an important tool to improve diversification and reduce volatility. At Stenham, it is fundamental for us to work with experienced people who have a deep local knowledge of their markets and we are delighted to welcome Paul as a consultant. This important development is a significant part of our growth strategy for offshore markets. In all our markets we are committed to our philosophy of wealth preservation and focusing as much on managing risk as delivering returns.”
Bailey says: “I am delighted to be working with Stenham. I have known of the firm for many years and have been particularly impressed with its management team, 20 year track record of capital preservation, and its results against its peers both long term and more recently during the credit crisis. Stenham’s philosophy and approach has been well received in these offshore jurisdictions and I am looking forward to expanding Stenham’s activities.”
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