Paradigm Governance appoints Cary Marr
Paradigm Governance Partners Limited, a governance and financial services firm with a presence in the Cayman Islands and New York whose offering includes independent directors, distressed fund and value recovery services, family office outsourced financial reporting, AML officers, and AEOI and economic substance solutions, has expanded its Cayman Islands presence with the addition of experienced independent director Cary Marr.
Cary Marr serves as a professional independent director on the boards of hedge funds, private equity funds, traditional long-only funds, and investment management companies. He is well versed in the governance and regulatory issues facing investment managers with 25 years of experience in the offshore funds sector between the Cayman Islands and Bermuda. He has extensive experience in fund administration, accounting, valuation, financial reporting, investor communications and regulatory risk management.
Before joining Paradigm, Cary spent seven years at International Management Services Ltd, where he held the position of Fund Director. He provided directorship services to a multi-billion asset under management, diverse book of clients spanning the offshore fund spectrum.
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 Chief Financial Officer 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 and Nic Corsetti say: “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 says: “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 recognise 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.”