Grand Cayman, Cayman Islands – January 8, 2024 – FortCay Family Office Advisory Limited is delighted to announce that it has made a strategic investment into Octogone Advisors (Cayman) Limited, a wealth manager and investment advisor founded in 2017 and previously part of the Swiss-based Octogone Group.
Fort Cay Office Advisory is a multi-family office founded in 2023 in the Cayman Islands.
Both firms are registered with the Cayman Islands Monetary Authority and together service over $2 billion of client assets. The alliance will enable both firms to continue their local and international expansion.
Octogone Advisors (Cayman) Ltd. and its Miami-based SEC-regulated subsidiary will be rebranding over the coming weeks as FortCay Investment Advisors.
The transaction will allow FortCay Family Office to expand its reach and service offering,
bringing Octogone Cayman’s investment management expertise, developed over many years, to a wider community.
Over time, it is expected that the firms’ Cayman-centric businesses will continue to grow and create new local jobs and opportunities. Both existing management teams will remain intact and there will be no changes for existing clients, which will remain with their
respective firm.
Reinforcing both companies’ commitment to prudent growth, the alignment of efforts will
allow FortCay Family Office to establish a deeper base of operations more quickly in the Cayman Islands and offer a referral option for their prospects not needing full family office services.
It will also provide Octogone Cayman with access to complementary FortCay Family Office services for Octogone Cayman’s own ultra-high-net-worth clients.
Benjamin Hein, Founder and Partner of Octogone Cayman, commented: “This is a strategic opportunity for Octogone Cayman as we continue to grow our presence and profile in Cayman, looking to deepen our work with the local high net worth community, such as
executives of well-known law firms and accounting firms.”
Paul-Martin Seguin, Founder and Partner of Octogone Cayman noted: “The Octogone Cayman management team has, on a combined basis, decades of experience providing wealth and investment management services in Cayman. Being familiar with the various players in the wealth management space here, we have aimed to differentiate ourselves by creating an open-architecture, multi-custodian model which, while familiar in other jurisdictions, is not common here.”
Billy Harty, Founder and Managing Director of FortCay Family Office, added: “We had been looking to partner with an existing Cayman firm, and Octogone Cayman stood out with its cutting-edge infrastructure, high caliber staff, plus an expertise in alternative investments
that is unparalleled among Cayman Islands wealth managers. Additionally, its US subsidiary was extremely attractive to us. It will allow us to better service the families we work with who may have family members who are US persons or who are looking to access certain US banks and custodians which prefer working with US-licensed advisory firms.”
Matt Houghton, Founder and Chairman of FortCay Family Office commented: “The Cayman Islands has become a key jurisdiction for UHNW families from around the world. The investment in Octogone Cayman along with another recent strategic investment in Forthlane Partners, a multi-family office in Toronto, allows us to create a hub in Cayman to service the increasing numbers of UHNW families moving here from Canada, the UK and elsewhere”.
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