New York (HedgeCo.net) – $173 billion hedge fund GlobeOp Financial Services has appointed Tim Ridley to its Cayman Islands subsidiary board. Ridley, the former chairman of the Cayman Island Monetary Authority (CIMA) and a former senior partner of Maples and Calder, was appointed following the recent resignation of Gary Linford.
“I am pleased to join GlobeOp at a time of significant evolution in hedge fund transparency, reporting, and board oversight and responsibility,” Ridley said. “As an independent Tier 1 administrator, GlobeOp offers valuable industry leadership. Counterparty risk, asset verification and regulatory reporting services contribute to good fund governance.”
Ridley served as CIMA chairman from 2004-2008. He is a frequent speaker and writer on financial services and regulatory themes. Ridley is a graduate of Cambridge University (BA) and Harvard Law School (LLM), qualified as a solicitor in England and is an attorney-at-law in the Cayman Islands. For many years, he was a senior partner of the leading Cayman Islands law firm and from 1995 until 2000 headed up the Asia practice in Hong Kong. He specialized in a broad range of international financial transactions. He was made an Officer of the British Empire (OBE) in 1996 in recognition for his services to the financial services industry and the local community.
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