Caymans Firm Launches Director Service

Dec 1 2006 | 11:27am ET

Buoyed by the growth of new funds registered in the Cayman Islands—upwards of 35 each week—audit firm RankinBerkower is set to offer the use of its principals as independent directors.

“There is a continuously growing need for independent directors, with 8,000 funds registered in the Cayman Islands,” explains partner Maurice Berkower. “It gives a comfort level to the offshore foreign investor.”
 
The new RBR Director Services boasts Berkower, who also serves as an audit partner with Iselin, N.J.-based accounting firm Acquavella, Chiarelli, Shuster, Berkower & Co., Phillip Rankin, a Caymans-based accountant, and Rex Rankine, a Caymanian with executive experience at a private bank, trust company and brokerage house. In addition to both offshore and onshore investment funds and mutual funds, Berkower says RBR will also provide directors to private equity portfolio companies where needed.


Lifestyle

Survey: Wall Street Banks Still Top Silicon Valley, Hedge Funds for Freshly-Minted MBAs

Jun 21 2016 | 9:01pm ET

Contrary to concerns that Wall Street isn't as appealing to new graduates as it...

Guest Contributor

The Future of the Blockchain in Financial Services Communications

Jun 17 2016 | 1:05pm ET

Over the past year, a large portion of the financial services industry has awakened...