Alter Domus establishes Cayman Islands office
Alter Domus, a provider of integrated solutions to the alternative investment industry, has opened a new office in Cayman Islands.
David Boyd has been appointed Cayman Country Executive to lead Alter Domus’ Cayman Islands fund administration, corporate and fiduciary services. David will report directly to Paul Woods, Regional Executive North America.
Alter Domus, which administers over USD750 billion of assets on behalf of 80 per cent of the largest private debt managers, real estate firms and private equity firms globally, will offer a suite of fund administration, corporate and debt capital market services for Cayman Islands structures. The new office enables the firm to service the needs of its growing global client base as asset managers and investors show increased interest in the Cayman Islands as a fund domicile.
Boyd brings more than 21 years of experience in the Cayman Islands financial services industry, where he has specialised in providing directorships and fund administration services to investment funds, investment management companies and special purpose vehicles. Prior to joining Alter Domus, he was a Managing Director at Forbes Hare Fund Services. He was also the Head of Fund Services at Appleby Fund Services (Cayman) Limited and Director and Chief Operations Officer at Butterfield Fulcrum (Cayman) Limited. Boyd is a qualified Chartered Accountant, a member of the Cayman Islands Directors Association and a Cayman Islands Notary Public.
Boyd says: “Alter Domus is a rapidly growing fund services provider that has developed and maintained close client relationships with asset managers and investors around the world. I am excited to be part of this growth story as we bring Alter Domus’ industry-leading technology solutions and alternative investments expertise to the Cayman Islands to help clients navigate the increasingly complex regulatory landscape.”
Paul Woods, Regional Executive North America, says: “North America is strategic growth market for Alter Domus, and the opening of our office under David’s leadership is the next step in expanding our North American footprint and servicing clients whose needs are increasingly global and multi-jurisdictional. With his deep expertise in fund services and his strong understanding of the local market, David is the ideal leader to help expand Alter Domus’ presence in Cayman and build a talented team of experts in the year ahead.”
Alexander Traub, Chief Commercial Officer and Regional Executive Asia Pacific, says: “The opening of a Cayman Islands office allows us to better serve our clients in the U.S. and Asia Pacific region, who have time and again found the region to be a tried and tested domicile for their funds. As funds in the Cayman Islands face tighter regulation and reporting requirements, Alter Domus will be a key compliance, reporting and data management partner to our clients.”
Boyd started his new position on 16 November.