GlobeOp Adds Former CIMA Head To Caymans Board

Feb 6 2012 | 9:35am ET

GlobeOp Financial Services has appointed Tim Ridley, the former chairman of the Cayman Island Monetary Authority, to its Cayman Islands subsidiary board.

Ridley, who served as CIMA chairman from 2004-2008, was also a former senior partner of Maples and Calder. He replaces Gary Linford, who recently resigned his post on the GlobeOp Cayman board.

“Demand for greater hedge fund transparency and governance is increasing,” said Vernon Barback, GlobeOp president and chief operating officer, in a statement. “Tim Ridley’s legal, financial and regulatory expertise will be a benefit to GlobeOp and its clients. We look forward to his contributions as we focus on independent valuation, regulatory and board reporting. I would also like to thank Gary Linford for his contributions to GlobeOp—particularly related to Cayman regulatory updates—since his appointment to the board in 2008.”

GlobeOp’s Grand Cayman office provides registry office, transfer agency and investor relations services and board meeting support to Cayman-domiciled hedge funds.

TPG Capital recently agreed to buy the London-based GlobeOp Financial Services for £508 million (US$800 million).
 


In Depth

Steinbrugge: Top 10 Hedge Fund Industry Trends for 2017

Jan 3 2017 | 9:03pm ET

Each year, Agecroft Partners' Don Steinbrugge predicts the top hedge fund industry...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

DarcMatter: The Top Trends in Alternative Investments for 2017

Jan 13 2017 | 8:22pm ET

The $7 trillion alternative investments industry is poised for continued growth...

 

From the current issue of

The U.S. Commodity Futures Trading Commission (CFTC) ordered The Goldman Sachs Group Inc., and Goldman, Sachs & Co. to pay a $120 million penalty for attempted manipulation and false reporting of ISDAFIX Benchmark Rates, a global benchmark for interest rate products.