Paradigm Governance Partners (Paradigm), a Cayman Islands and US-based specialist governance and fund services company, has merged with Hawksford, a global corporate, private client, and fund services provider, following full regulatory approval from the Cayman Islands Monetary Authority (CIMA).
Paradigm and Hawksford had initially announced an agreement to merge in November 2023, as part of a strategic plan to further strengthen both organizations’ global reach and service offering.
The merger will add considerable value to Paradigm’s existing client base – with access to Hawksford’s complementary services and global reach – while allowing the operational side of the business in Cayman to grow and create new jobs and opportunities. It will also allow the Hawksford Group to establish a presence in the Cayman Islands, and further strengthen its global reach and service offering, bringing Paradigm’s specialist governance expertise to a wider fund manager community.
Paradigm partners Geoff Ruddick, Nic Corsetti, Leo Kassam and Cary Marr will lead Hawksford’s operations in the Cayman Islands and the US, ensuring stability and service as usual during the transition period and beyond.
As a CIMA-licensed fiduciary services company, Paradigm provides specialist governance solutions to global alternative fund managers, across multiple jurisdictions and asset classes, including hedge funds, family offices, closed-end funds, and private equity.
From its offices in the Cayman Islands and US, the business provides a range of independent director, distressed fund, value recovery, outsourced accounting, and anti-money laundering services, as well as support around economic substance, ancillary services such as registered office, corporate secretarial and board support.
Geoff Ruddick, Partner of Paradigm, commented:
“This is an exciting milestone in Paradigm’s history, as we become part of the Hawksford Group and bring the specialist governance expertise our team has developed over many years to a wider, and growing, fund manager community. At the same time, being able to access complementary services through Hawksford’s multidisciplinary approach will add real value to our existing clients.”
Michel van Leeuwen, Group Chief Executive for Hawksford, added:
“The fact that we have been agile in completing this acquisition reflects the clear alignment between ourselves and the team at Paradigm, in terms of service delivery and global ambitions. I am delighted to welcome the team to Hawksford as we continue to pursue a strategy of global expansion.”
“With the Cayman Islands being such a major investment fund hub, and with the EU having this year confirmed the jurisdiction’s standing as a well-regulated center, this is a key strategic development for Hawksford. It gives us a strong platform to deliver top-tier governance services to our fund manager clients as we continue to grow our fund proposition, complementing the growth we are also seeing across Asia, the Middle East, Europe and Africa.”
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