Global service provider Hawksford has completed the acquisition of Paradigm Governance Partners, a Cayman Islands and US-based specialist governance and fund services company.
The completion of the acquisition follows full regulatory approval from the Cayman Islands Monetary Authority (CIMA).
Hawksford announced that it had entered an agreement to acquire Paradigm in November 2023, as part of its strategic plan to further strengthen the Group’s global reach and service offering, supported by Star Capital.
Paradigm partners Geoff Ruddick, Nic Corsetti, Leo Kassam and Cary Marr will lead Hawksford’s operations in the Cayman Islands and the US, ensuring stability and service as usual during the transition period and beyond.
Commenting on the completion of the deal, Geoff Ruddick commented: “This is an exciting milestone in Paradigm’s history, as we become part of the Hawksford Group and bring the specialist governance expertise our team has developed over many years to a wider, and growing, fund manager community.
“Equally, being able to access complementary services through Hawksford’s multidisciplinary approach will add real value to our existing clients.”
Michel van Leeuwen (pictured), Chief Executive, Hawksford, added: “The fact that we have been agile in completing this acquisition reflects the clear alignment between ourselves and the team at Paradigm, in terms of service delivery and global ambitions. I am delighted to welcome the team to Hawksford as we continue to pursue a strategy of global expansion.
“With the Cayman Islands being such a major investment fund hub, and with the EU having this year confirmed the jurisdiction’s standing as a well-regulated centre, this is a key strategic development for Hawksford. It gives us a strong platform to deliver top-tier governance services to our fund manager clients as we continue to grow our fund proposition, complementing the growth we are also seeing across Asia, the Middle East, Europe, and Africa.”
