Trinity Fund Administration has opened an office in the Cayman Islands, which will be led by Brad Cowdroy, who joins the firm from Goldman Sachs.
At Goldman Sachs, Cowdroy served as a vice president in fund administration services. Prior to that, he held positions at CIBC and PricewaterhouseCoopers in the Cayman Islands, where both roles focused in the funds area.
“We are absolutely delighted to have someone of Brad’s caliber and experience heading up our new Cayman office and joining the Trinity group. Brad brings a wealth of experience in alternative fund servicing, as well as a broad knowledge of administrative and regulatory issues affecting our clients,” said John McCann, managing director of Trinity.
Trinity provides hedge fund administration services to investment groups based around the globe, specializing in those that operate fund structures domiciled in Ireland, Cyprus, Cayman Islands, Bahamas, Bermuda, British Virgin Islands, Malta and the Channel Islands. A significant portion of the firm’s business comes from Cayman registered funds.
According to the firm, Trinity’s expansion into the Cayman Islands comes in response to strong client demand, particularly from emerging managers, and will provide a local point for firms to access Trinity’s broad suite of services.
McCann added, “This is a major step forward in terms of Trinity’s expansion plans. We have always offered a complete suite of services to Cayman-domiciled funds and this brings us that much closer to this important component of our business.”