Claiming to be in response to growing client demand, the firm will build its range of governance services for the international funds community with an office scheduled to open before the end of the year.
Already present in Jersey and Luxembourg, Crestbridge will open with a team of three directors, together boasting Cayman experience of working with fund and corporate structures including hedge funds, multi-manager funds, private equity, debt and insurance structures.
The team will be focused initially on providing specialist corporate governance services to the alternative funds sector.
From its existing two jurisdictions, Crestbridge currently offers a range of fund, real estate, corporate, capital markets and family office services, administering over $60bn of international assets.
Crestbridge chief executive Graeme McArthur said: “Given the demand for Cayman-based services from our existing client base, [opening our] doors in the Cayman Islands makes sense not only for our existing clients, but for our overall growth strategy.”
