Hedge fund administrator GlobeOp Financial Services has named a veteran regulator to its Cayman subsidiary board.

Gary Linford, the former head of the investment and securities division of the Cayman Islands Monetary Authority, has joined the US$100 billion administrator’s board, as GlobeOp moves its Caymans operation to a new, “hurricane resistant financial services industry complex” in Camana Bay.

“We’re very pleased to Welcome Gary Linford to our Cayman subsidiary board and look forward to the expertise and advice he brings related to services for Cayman-domiciled funds,” GlobeOp President Vernon Barback said. “His industry experience, particularly at CIMA during a period of unprecedented growth in the hedge fund industry, will be immensely valuable to us.”