Caledonian Global Financial Services has launched Caledonian Securities Limited, a new brokerage and custody business, after having received the regulatory approval from the Cayman Islands Monetary Authority.
CSL caters to sophisticated investors, including high-net-worth individuals and international businesses, who wish to invest and deploy their assets on a regular basis while maintaining the integrity of their offshore residency status, the firm said. Caledonian Securities Managing Director Nathaniel Orr-Depner said CSL provides a “traders’ service”, geared toward clients who require more than basic telephone orders.
“What separates us from our competitors is the fact that we truly are offshore, operating from Grand Cayman. We understand what our clients want and focus on compliance within the ever-changing regulatory environment, which gives us an edge,” he said.
Caledonian Securities Limited will offer custody solutions for the safe-keeping of clients’ assets with additional access to the full suite of services of the firm, including foreign exchange transactions, settlement of securities and assistance in corporate action events.
“The securities and custody business are a perfect enhancement of the firm and we are looking forward to further developments in 2012,” said Caledonian Global Financial Services Kobi Dorenbush.
In other news, Jaqueline Terry has been appointed director of Caledonian Group Services Limited. Mrs. Terry, who has been the Global Human Resources Manager for Caledonian for more than 10 years, will have among others responsibility for developing new training opportunities for staff, overseeing key technology projects, streamlining premier client marketing efforts and developing relationships within the community for volunteering and charitable endeavours.
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