Premier Fiduciary Services (Cayman) Ltd (PFS) A Cayman Islands Monetary Authority licensed entity will primarily be focusing on providing non-executive independent director services to Cayman domiciled funds and Cayman offshore companies in the following areas:
· Hedge funds
· General partner for limited partnerships for Private Equity Funds
· Investment Management companies
· Segregated Portfolio Companies
· Private investment companies
EXPERIENCE AND EXPERTISE
All PFS directors are professional independent directors with industry-related experience with extensive experience of global investment markets, regulation, offshore funds and corporate governance. The directors have an average of over 25 years’ experience across the fields of accounting, banking and fiduciary. PFS directors will only act for a limited number of clients. This allows them to deliver a robust and responsive service consistent with established best practice in the offshore jurisdictions in which companies are established.
All three directors below of PFS are Cayman Islands residents and are approved by CIMA.
Vijayabalan ("Balan") Murugesu is a Director of Premier Fiduciary Services (Cayman) Limited, a CIMA regulated company manager in the Cayman Islands. The company will be focusing primarily on providing director services to the offshore alternative investment industry, including Cayman Islands registered hedge funds, fund of hedge funds, private equity funds and investment managers, especially specializing in the provision of governance services. He was Managing Director of Ogier Fiduciary Services (Cayman) Limited up until May 31st 2011 and has over 20 years of experience in the offshore financial services industry. He holds a Master of Science degree and is an Associate of the Canadian Institute of Bankers. From 1996 to December 2004 Mr. Murugesu worked for a leading bank & trust company licensed in the Cayman Islands, initially as Head of Treasury Function and from 1999 as Assistant Managing Director with principal responsibility for Banking and Private Clients. Prior to this he was an Assistant Manager with a local class “A” bank with responsibilities for Treasury services. He has served on the boards of several internationally recognised fund groups and structured finance vehicles.
Contact No: Cell number 1 345 525 1000 Blackberry number: 1 345 936 6789
Philip Hughes is a Director of PFS and is a former Senior Manager - Director Services at Ogier Fiduciary Services (Cayman) Limited and has over 30 years’ experience in compliance, accounting, auditing and risk management, 14 of which have been spent in the offshore financial industry in the Cayman Islands. He held the position of Vice President Internal Audit and was also a Director of Bank of America Trust and Banking Corporation (Cayman) Ltd. Mr. Hughes was responsible for establishing the Internal Audit function and designing a risk management system at Caledonian Bank and Trust Limited, where he also co-ordinated the Groups SAS70 review. He was a Manager of the Consulting Division at Ernst & Young in Jamaica, and prior to that, Mr. Hughes had held senior audit positions with public accounting firms and large retail organisations in Canada and the United Kingdom. Mr. Hughes is a member of the Association of Chartered Certified Accountants in the United Kingdom (FCCA) and is also a Certified Fraud Examiner (CFE).
Contact No: Cell / Blackberry number: 1 345 916 2841
Martin Laidlaw is a Director of PFS and is a former managing director of JP Fund Administration (Cayman) Ltd. ("JPFA"). Before joining JPFA, Martin was employed with CIBC Bank and Trust Company (Cayman) Limited from 1989 through 2009. He was appointed Director and Head of Fund Services in 2002 and was responsible for leading the fund services team, developing new business and client relationships and maintaining the highest levels of client service. Prior to his years at CIBC, he was employed with KPMG, Cayman Islands where he led various financial services audits. Martin has an extensive range of experience with all forms of investment fund products and has held numerous directorship positions for a wide variety of offshore fund vehicles. Martin is very involved in the Financial Services industry in the Cayman Islands. He was a founding member of, and acted as, Director/Treasurer of the Cayman Islands Fund Administrators Association until December 31, 2008. Martin graduated from Edinburgh University in Scotland with a Bachelor of Commerce Degree. He was admitted as a Member of the Institute of Chartered Accountants of Scotland in February, 1984 and continues to maintain his qualification
Contact No: Cell number 1 345 916 4412
CAYMAN ISLANDS MONETARY AUTHORITY
PFS holds a Company Management License, issued by the Cayman Islands Monetary Authority (“CIMA”) and will be subject to ongoing regulatory obligations.
The CIMA Fiduciary Services Supervision Division's duties encompass the supervision and regulation of providers of company management services. The ongoing supervision and regulation includes the receipt and analysis of regular audited financial statements, meetings with the licensees' management, and periodic detailed reports or examinations by auditors on specific areas of internal controls and systems.
Telephone Number: 1345 945 8881 Facsimile Number: 1345 945 8880