JP Funds Group has become JP Integra Group as part of a move to target the wider private capital sector, including family offices, and expand its US presence.

The Cayman Islands-based financial services firm JP Funds Group has changed its name to JP Integra Group as it expands its roster of offshore services and deepens its footprint in the Americas. 

The firm said today that the aim of its rebrand is to better position itself among global family offices, high net worth individuals and investment managers, and has made international growth plans as part of the effort.  

Based in Naples, FL, Peter Kristensen will be travelling throughout the US, as will several of the Cayman Islands-based team members, the firm told Family Wealth Report.

“The expansion of the firm’s offering comes in response to the growing number of challenges faced by the private capital industry; this includes increased regulatory burden, amplified scrutiny from the general public, politicians, taxation and financial monitoring authorities, common industry stagnation and other demands inherent in the process of launching a fund,” the frim said. “The JP Integra Group is now positioned to help their clients navigate this challenging environment by creating, administering and servicing a diverse range of investment vehicles.”

The firm’s full service offering following the expansion will include fund, corporate, trust structuring and administration, and financial markets support, as well as consultancy on international legal projects.

“With 80-85 per cent of global hedge funds domiciled in the Cayman Islands, the islands will remain a key hub of activity for JP Integra Group in addition to representation in Switzerland, the UK, Singapore and now the US,” it said.

Along with the business expansion, JP Integra also added five team members in the Caymans Islands, including: Peter Cockhill, formerly managing partner at Ogier in the Cayman Islands, as legal director; Eduardo Silva, a former president of the Cayman Islands Bankers Association and chairman of Cayman Finance, as director; Dave van Duynhoven, previously Cayman head of operations at Ogier and Appleby, also as a director; and Gillian Allan and Conrad Proud as a corporate administrator and trusts general manager respectively. 

JP Integra Group had operated as JP Funds Group since its inception in 2007 in the Cayman Islands.