Cayman Islands-based Five Continents Group has appointed a new partner to its new corporate governance arm – Five Continents Partners Ltd.
Andrew Linford joins the firm from the U.K. where he held several senior management positions in the alternative investment industry. He was chief operating officer at Coller Capital, one of the world’s leading secondary PE firms, and a managing director at Barclays Capital, as well as COO of the Principal Investments Division.
Mr. Linford previously lived and worked in Cayman for more than 10 years, when he established the Bank of New York’s Cayman fund administration business in 1995. He also opened and headed the Cayman office for GLG Partners from 2000 to 2005 before returning to London to become principal of its marketing department.
Five Continents Partners Ltd is a new venture that the firm says will leverage the operational platform of the Five Continents Group to provide top tier corporate governance services for hedge funds, private equity funds and other alternative investment vehicles.
Five Continents Partners will operate independently from other companies in the Five Continents Group and will offer conflict-free director appointments.
“Five Continents Partners aims to provide considered guidance from a team of eminent industry experts who will provide active and engaged governance. The team will only take on a limited number of appointments per director and will focus on active involvement and considered guidance for its clients,” Mr. Linford said.
He will work closely with Glen Wigney, managing director of Five Continents Partners, and fellow partners Scott Elphinstone and William Messer.
Mr. Wigney said, “We are delighted to welcome someone of Andrew’s caliber to the team. He has an impressive track record and pedigree in the financial services industry having worked for many global financial service brands at the highest level.
“We believe we are offering something different to many of the other fund directorship firms in Cayman. In today’s environment, institutional investors, investment consultants and asset managers are demanding more from fund directors. They are seeking more experienced professionals in these roles, who can provide active and engaged advice from a position of knowledge and experience.”
Carey Olsen hires four new lawyers in Cayman
Offshore law firm Carey Olsen has expanded its corporate and litigation teams in the Cayman Islands with the appointment of four new associates, bringing the number of fee-earners in Cayman to 18.
Robert Coombes, Peter Sherwood, Denis Olarou and Thomas Marriott have all recently been admitted as attorneys-at-law of the Grand Court of the Cayman Islands and each is a solicitor of the Supreme Court of England and Wales.
Mr. Coombes specializes in corporate practice, including mergers and acquisitions, capital markets and general advisory work. Prior to joining Carey Olsen, he was an associate at Slaughter and May, and during his tenure he was seconded to a number of clients in Europe as well as to Simpson Thacher & Barlett LLP in New York.
Mr. Sherwood advises on all aspects of insolvency litigation, general banking and commercial litigation along with non-contentious insolvency and restructurings. He joined Carey Olsen from Herbert Smith Freehills LLP in the U.K. where he was a senior associate. Prior to that he was in the insolvency group at Ashurst’s Sydney office and at Dentons LLP in the U.K.
Mr. Olarou is experienced in a range of complex, multijurisdictional, high-value disputes, including corporate fraud, shareholder conflicts and professional negligence, acting for and against corporates, high net worth individuals and government entities. Prior to joining Carey Olsen he was an associate in the Jones Day global disputes practice in London.
Mr. Marriott advises on all aspects of corporate, investment funds and commercial law, including private equity, joint ventures, mergers and acquisitions and the establishment and marketing of private investment funds. He was formerly in London with Ropes & Gray, Reed Smith and Speechly Bircham.
Ritch & Conolly adds senior associate to litigation team
David Collier has joined the firm as a senior associate attorney in the firm’s litigation department. He previously worked as a senior associate at Collas Crill & CARD (formerly Charles Adams Ritchie & Duckworth) in Cayman.
Mr. Collier has 15 years’ litigation experience, of which more than 10 years have been living and practicing in the Cayman Islands. He has handled some of the largest commercial disputes and insolvency matters in the market, including numerous cross-border cases.
Ogier named Best Offshore Law Firm by Hedgeweek Awards
The award is the result of a vote by readers of Hedgeweek across North America, Europe and Asia-Pacific, including institutional and high net worth investors as well as managers and other industry professionals at fund administrators, prime brokers, custodians and advisers.
The Hedgeweek Global Awards 2016 were announced on Feb. 26 at a ceremony in London.
Ogier’s Global Head of Investment Funds, Giorgio Subiotto, said, “These highly regarded awards are unusual as they are entirely based on peer review. We are delighted that so many people have taken the time to vote for us.
“We have been focused on funds since the beginning of the industry and continued recognition of our international team is a welcome endorsement of their expertise,” Mr. Subiotto said.
“We draw on the experience of dedicated funds teams in BVI, Cayman, Guernsey, Hong Kong, Jersey and Luxembourg, where our onshore funds and tax capability sets us apart.”
Ogier is based in eight locations, offering advice on five laws: BVI, Cayman, Guernsey, Jersey and Luxembourg. Its network of offices also includes Hong Kong, Shanghai and Tokyo.
Ogier was recently named Best Caribbean Law Firm by Citywealth, International Team of the Year by STEP and Offshore Law Firm of the Year by The Lawyer.
HSM IP wins 2016 Corporate INTL Award
HSM IP Ltd. a specialist intellectual property law firm and part of the HSM Group has won the Corporate INTL’s Intellectual Property (IP) Law Firm of the Year Award for the Cayman Islands.
This award is presented to IP industry leaders across various jurisdictions based on a nomination process.
“We are pleased to accept this award and to have been recommended for the quality of our IP services. With our firm expanding, it is a positive sign for us and a reassurance that our clients and peers recognize our thoroughness and dedication to this industry,” said HSM IP Managing Partner Huw Moses.