Business in brief

Crestbridge to open office in Cayman 

Independent fund and corporate services provider Crestbridge has announced it will expand into the Cayman Islands in response to continued growth and client demand. 

Subject to regulatory approvals from the Cayman Islands Monetary Authority, Crestbridge plans to offer a range of governance services to the international funds community with the office, scheduled to open before the year’s end, the company said in a press release. 

The new Crestbridge operation will be led by a team of three Cayman directors with extensive experience in the Cayman Islands working with fund and corporate structures, including hedge funds, multi-manager funds, private equity, debt and insurance structures. The team will develop the Cayman offering on joining Crestbridge with an initial focus on providing specialist corporate governance services to the alternative funds sector. 

Crestbridge Chief Executive Graeme McArthur said, “Given the demand for Cayman-based services from our existing client base, Crestbridge opening its doors in the Cayman Islands makes sense not only for our existing clients, but for our overall growth strategy.” 

Crestbridge has offices in Jersey and Luxembourg and offers a range of fund, real estate, corporate, capital markets and family office services. 

Butterfield sponsors National Gallery exhibition 

Butterfield Bank is the title sponsor of the exhibition “tIDal Shift – Explorations of Identity in Contemporary Caymanian Art” at the National Gallery. 

The opening night on Sept. 9 drew a large crowd of art enthusiasts to view the unique collection that showcases the work of 22 artists who explore the concepts of identity as individuals, and as a society. 

“Butterfield is a key supporter of the arts within our community, strongly believing it enriches and encourages collective development,” said Conor O’Dea, president and chief operating officer, Butterfield Group. “The current exhibition is an excellent sample of the extraordinary talent that we have here in Cayman, and I encourage the public to visit the gallery to view this striking selection.” 

Hedgeweek names Mourant Ozannes best Offshore Law Firm 

Mourant Ozannes has been named Best Offshore Law Firm for the third year running at the 2015 Hedgeweek USA awards. 

The annual awards brought together the leading names in the U.S. hedge funds industry to recognize excellence among hedge fund managers and service providers around the world. The winners were announced at a gala in New York on Sept. 10.