GEORGE TOWN, Grand Cayman--(BUSINESS WIRE)--Five Continents Financial Limited, a Cayman Islands based asset management and corporate services company, has launched its Governance Services offering, which will be headed by former Deloitte partner Glen Wigney.
Celebrating 20 years in business, which began with seed capital from N.M. Rothschild & Sons, Five Continents and its founding partners, Bill Messer and Scott Elphinstone, have built a respected and established offshore platform, which will now be further developed to offer governance services to the alternative asset management industry.
Mr. Wigney, with over 30 years of experience with Deloitte in Canada, Cayman, and most recently, the United States, has a unique resume in the fund governance area. His industry and leadership experience ideally positions him to head up the new governance services division of Five Continents. “Fund investors and investment managers are demanding enhanced fund governance with independent professional judgment applied in a businesslike manner. I believe that when my experience is combined with the asset management, corporate and legal expertise of the founding partners of Five Continents, our offering is differentiated in the marketplace and is second to none.”
Five Continents joins a competitive market for these types of services, but distinguishes itself with the deep and diverse experience of Wigney, Elphinstone and Messer including extensive asset management and offshore structure experience. This combination of complimentary skill sets is unparalleled.
Scott Elphinstone, Managing Director and Chief Investment Officer expanded on Five Continents position in the marketplace: “With its distinctive offshore platform, Five Continents anticipates providing solutions addressing ongoing industry issues. For example the European Alternative Investment Fund Manager Directive (AIFMD) has created increased pressure for funds to have more physical presence in Cayman. With its existing trading desk and administrative resources, Five Continents clearly provides “substance-over-form” professionally demonstrating solid mind and management.”