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

GSAM’s Papagiannis on Liquid Alternatives

May 25 2016 | 5:07pm ET

The popularity of liquid alternatives strategies has blossomed in recent years,...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...