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IQ-EQ appoints new MD of Bermuda and the Cayman Islands

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Global investor services group, IQ-EQ, has appointed Colin Targett as Managing Director of its Bermuda and Cayman Islands operations. 

This strategic new hire follows other senior appointments announced in recent months evidencing the Group’s drive to build its Funds, Private Wealth and Corporate servicing operations in the region.

Targett brings to IQ-EQ more than two decades of senior experience in the fund services space. A qualified chartered accountant by academic training, his career originally began in Bermuda where he spent 10 years working with a number of blue chip organisations, driving forward business growth and leading on all technical aspects of fund valuations, investor relations and regulatory compliance. More recently, Colin held the role of Head of Overseas Investment Operations with a multinational investment bank where he had overall responsibility for servicing private bank and wealth operations teams globally. Previous roles also include a senior leadership position as Director Fund Services and latterly as Managing Director Funds Services with a leading administration service provider.

Kiran Sinharoy, Executive Director at IQ-EQ, says: “Colin’s extensive industry experience combined with his local knowledge, having lived and worked in Bermuda previously, makes him an excellent choice to head up our growing operations. In Bermuda and the Cayman Islands we now have a local team of highly experienced industry practitioners who combine not only the technical knowledge required to service our clients’ needs but also the ability to provide our clients with the superior levels of client service demanded in today’s world. I look forward to working closely with Colin and am confident he’ll make a hugely positive contribution to the business.”

Targett says: “I am delighted to be part of the IQ-EQ team at this stage in its growth journey and to have been given the opportunity to play a key role in driving our business in this region. As the market opportunity in the region continues to grow, I believe that this is the perfect time to build on the work done by the local IQ-EQ team to date and really promote our service offering. I look forward to working with both my local and global colleagues to ensure that IQ-EQ is hugely successful.”

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