Crestbridge, which operates from offices in Jersey and Luxembourg, said the launch comes in response to continued growth and client demand.

Subject to regulatory approval from the Cayman Islands Monetary Authority, Crestbridge plans to offer a range of governance services from the new office, which is expected to open before the end of the year.

The office will be spearheaded by three directors with extensive experience in the Cayman Islands working with fund and corporate structures including hedge funds, multi-manager funds, private equity, debt and insurance structures. The trio, who were not named, will initially focus on providing specialist corporate governance services to the alternative funds sector.

“Given the demand for Cayman based services from our existing client base, Crestbridge opening its doors in the Cayman Islands makes sense not only for our existing clients, but for our overall growth strategy,” said Crestbridge's chief executive, Graeme McArthur.

Crestbridge, which provides a range of fund, real estate, corporate, capital markets and family office services, administers over $60 billion of assets across multi-jurisdictional structures.