Madison Pacific, a leading provider of Corporate Trust & Agency, Escrow & Custody, Asset Management and Directorship services is pleased to announce the opening of a Cayman Islands office in the Cayman Enterprise City Special Economic Zone to better serve the needs of clients in North America and the Caribbean for structures, transactions and entities.
Managing Director, Mr. Jonathan Hatch, based in the Cayman Islands, will head up the Madison Pacific Cayman office. The office is located in the Cayman Economic City at Strathvale House, 90 North Church Street, Georgetown, Grand Cayman, Cayman Islands (Tel: +1 (345) 232-2220).
As part of the Madison Pacific expansion, Mr. Scott Reid, Director – Asset Servicing, joined Madison Pacific earlier this year based out of Hong Kong where his background in structured finance along with a China Business focus will be of great benefit to the new Cayman office serving cross border investment and structuring needs for clients investing in Asia or from Asia.
The new office will be the company’s fifth office and is an important step towards Madison Pacific servicing the North American market and to provide Cayman related services to our existing global clients. Our service scope of Corporate Trust and Agency will be expanded to Asset Protection Trusts and other services to fund clients working closely with its Parent Company, Tricor’s Cayman office to deliver a seamless service offering.
Plans to set up operations in Cayman Islands were initiated due to opportunities identified to be of great benefit to Madison Pacific’s fund clients service offering and leveraging the presence Tricor has in the Cayman Islands. Both Tricor and Madison Pacific see the new office as mutually beneficial for establishing greater ties within the Tricor Group and to provide a wider service offering to new and existing clients.