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Funds Governance You Can Trust

With over 150 years of combined experience, IMS delivers trusted fund governance solutions for some of the world’s largest investment organizations. Our independent directors and fiduciaries provide oversight that is transparent, conflict-free, and always in the best interests of investors.

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Comprehensive Funds Governance Solutions

  • Independent directors provide rigorous oversight of fund operations, ensuring service providers fulfil their obligations and that all decisions are made in investors’ best interests. With limited appointments to allow dedicated attention, IMS maintains true independence and sets the standard for Cayman fund governance. ‍Our Fund Fiduciaries are professionally qualified and are recruited from household names in the financial services industry. IMS is not only independent of the investment manager but also independent of the fund administrator and other service providers to the funds for which we provide directors, governance committee members or trustees, ensuring conflict free governance. All members of IMS’ staff that act as fund directors are registered with the Cayman Islands Monetary Authority as ‘Professional Directors’ pursuant to the Directors Registration and Licensing Act of the Cayman Islands. Our model provides inherent capacity constraints limiting the number of director appointments per team member and our internal procedures and guidance for our fund directors ensure that investors can be confident that the interests of the fund (and therefore the investor base as a whole) are best served.

  • Where a Cayman fund is structured as a partnership, independent directors can be placed on the board of the General Partner, or as an alternative, independent professional directors can be appointed to ‘Governance Committees’ to the Partnership who are appointed to oversee fund management and address potential conflicts, thereby protecting investor interests. Bringing extensive experience and independence from all service providers, IMS ensures transparent decision-making and strong governance for partnership-structured funds.

  • IMS can provide the services of our professional governance team to act as AMLCO, MLRO and DMLRO. The Cayman Islands Anti-Money Laundering Regulations and Guidance Notes issued by CIMA pursuant thereto, require all Cayman domiciled entities carrying out ‘relevant financial business’ (which includes funds) to appoint individual named persons as AML Compliance Officer (“AMLCO”), Money Laundering Reporting Officer (“MLRO”) and Deputy MLRO (“DMLRO”). ‍Entities that are in-scope and therefore subject to the above requirement are: ‍

    • Regulated Investment Funds registered with CIMA;
    • Any other entity carrying out ‘relevant financial business’.

    Our AML Officers will have face to face access to the director(s) we provide and access to fund documentation to which our directors obtain and review from all service providers to the funds we work with, giving them invaluable knowledge of the fund(s) operations and structures.

  • ‍IMS acts as independent trustee:

    • To funds structured as Unit Trusts. ‍ With a full trust license from the Cayman Islands Monetary Authority, we ensure non-conflicted governance and oversight of the fund’s activities and its service providers.
    • Holding the non-economic management shares of funds structured as companies, which safeguards investor rights and enhances operational efficiency. This structure provides confidence that voting rights will be exercised impartially, with integrity and in the best interests of the fund and its investors.

  • IMS provides individuals to act as the Principal Point of Contact (PPOC) and/or Authorized Person (AP) for AEOI/FATCA/CRS purposes. The PPOC is the entity’s point of contact with the DITC. If there is an issue with a CRS/FATCA filing, the DITC will reach out to the PPOC. Should there be a change of PPOC, the AP is required to submit the required forms to change the PPOC. In the event the DITC cannot contact the PPOC, it is likely to reach out to the AP. Contact a specialist to find out more.

Contact a Specialist to Find Out More

Mike McDonald.png

Michael McDonald

Managing Director & Fund Director

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Gary Butler

Managing Director & Legal Counsel

Serving our Valued Clients Since 1974

From funds governance to captive insurance, we deliver Cayman solutions with global insight.

Why choose IMS for fund governance?

With over 50 years of experience, IMS is your trusted partner for governance, trust, and administration services in the Cayman Islands.
Our bespoke solutions ensure compliance and oversight throughout the lifecycle of your entity.

Pioneers in Independent Fund Governance

IMS was the first in the Cayman Islands to specialize in independent directors for hedge funds.

Fully Licensed and Regulated by CIMA

Our services are fully licensed and regulated by the Cayman Islands Monetary Authority.

Unmatched Experience in Funds Governance

We bring over 200 years of combined expertise in global funds governance.

Conflict-Free Governance Assurance

Our independence from all service providers guarantees conflict-free governance.

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