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Deals Of The Day: The Latest In Wealth Management M&A – Hawksford, Paradigm

Editorial Staff

25 June 2024

Global corporate, private client, and fund services provider , a Cayman Islands and US-based specialist governance and fund services company.

The transaction is subject to regulatory approval from the Cayman Islands Monetary Authority. 

Geoff Ruddick and Nic Corsetti, partners at Paradigm, alongside Leo Kassam and Cary Marr, will lead Hawksford’s operations in the Cayman Islands and the US.

The acquisition is part of Hawksford’s expansion strategy, supported by STAR Capital, and comes after its recent purchase of Healy Consultants, ACT Management Services, Pearse Trust and Griffon Solutions.

“The acquisition of Paradigm forms an integral part of our ongoing expansion plans, strengthening Hawksford’s capabilities in locations where our clients anticipate growth. It adds a new operation in the Cayman Islands, a strategically important jurisdiction, while also enhancing our presence in the US," Michel van Leeuwen (pictured), group chief executive, Hawksford, said. 

Paradigm provides specialist governance solutions to global alternative fund managers, across multiple jurisdictions and asset classes, including hedge funds, family offices, closed-end funds, and private equity. The business provides a range of independent director, distressed fund, value recovery, outsourced accounting, and anti-money laundering services, as well as support for economic substance, ancillary services such as registered office, corporate secretarial and board support.