Key Takeaways
- • Calderwood, a Cayman Islands boutique fund governance firm, was named 'Best Offshore Governance Firm' at the HFM US Services Awards 2023 for the second consecutive year, per Business Wire.
- • The award was presented at a ceremony at Guastavino's in New York on 13 September 2023 and collected by co-founders Ronan Guilfoyle and Wade Kenny, with directors Laura McGrath and Charles Thomas.
- • The firm's independent director bench has grown to nine, with UK barrister Clare Price appointed this year.
- • Calderwood reports approximately 300 fund manager relationships since its 2016 launch, with a limit on directorships per individual to preserve client attention.
Summary
The award was presented at a ceremony held at Guastavino's in New York on 13 September 2023. Co-founders Ronan Guilfoyle and Wade Kenny accepted the award on behalf of the firm, alongside directors Laura McGrath and Charles Thomas. Mr. Guilfoyle credited the firm's team and its US clients for the recognition.
The release points to continued growth in client numbers and team expansion. Calderwood's team of independent directors has grown to nine, with the appointment this year of UK barrister Clare Price. Earlier hires in 2021 included US hedge fund counsel Laura McGrath and Cayman Islands attorney and regulatory expert Anna Goubault. The firm states that it caps the number of relationships each director holds so that each client receives appropriate attention, a model it says has built its reputation for helping clients navigate a changing regulatory landscape.
Since launching in 2016, Calderwood says it has around 300 fund manager relationships. It also offers specialist regulatory and compliance services and has a presence in Asia and Europe to serve clients in those time zones. The firm describes its independent directors as CIMA-registered, with an average of over 20 years of professional services experience, including 10 years in a fiduciary capacity.
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