We are delighted to announce that we have agreed to merge with Hawksford, a global corporate, private client, and fund services provider, which will enable us to continue our global expansion.
The deal, subject to CIMA regulatory approval, will allow us to further strengthen our global reach and service offering, bringing our specialist governance expertise, developed over many years, to a wider fund manager community. It will also add considerable value to our existing client base, while allowing the operational side of the business in Cayman to grow and create new jobs and opportunities. Our existing management team will remain intact.
Reinforcing both companies’ commitment to growth in major financial centres, the strategic alignment establishes a base of operations for Hawksford in the Cayman Islands, while enhancing its visibility in the US. It will also provide Paradigm with access to Hawksford’s complementary services and global reach.
Hawksford is an international, award-winning provider of corporate, private client and fund services headquartered in the self-governing British Crown Dependency of Jersey in the Channel Islands. It has more than 500 professionals based in key locations across Europe, the Middle East, Africa, Asia, and the Americas, and serves clients from 115 countries globally.
The strategic investment will bring Paradigm’s specialist range of governance services to Hawksford’s global fund manager client base, complementing its longstanding expertise in key regions including Asia, EMEA and the UK. At the same time, the deal will introduce Paradigm’s existing client base to Hawksford’s broader full-service proposition.
Geoff Ruddick, Partner of Paradigm, commented:
“This is a strategic opportunity for Paradigm that will bring the specialist governance expertise we have developed over many years to a wider fund manager community through Hawksford’s global and growing network. It will also add considerable value to our existing client base, while providing enhanced access to complementary services through Hawksford’s multidisciplinary approach.”
Nic Corsetti, Partner of Paradigm, added:
“There is clear alignment between Paradigm and Hawksford, with both businesses focused on high quality service delivery, making this strategic investment a strong and mutually beneficial next step. As well as being a fantastic opportunity for our clients, it is also a positive move for our people to become part of a like-minded global and ambitious organization.”
Geoff and Nic, alongside Leo Kassam and Cary Marr, will lead Hawksford’s operations in the Cayman Islands and the US, ensuring stability and service as usual during the transition period and beyond.
Michel van Leeuwen, Group Chief Executive for Hawksford, commented:
“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, as well as enhance our presence in the US.
“Crucially, this is a strategic investment that strengthens our global reach and service proposition, while being based on a good cultural fit between Hawksford and Paradigm. We look forward to welcoming Paradigm’s experts to our team.”