JP Funds Group, a Cayman Islands-based financial services group, has expanded its services to target the private capital sector; and set up a US representation to be closer to clients based in the Americas.
The expansion is a response to the increasing challenges faced by the private capital industry such as regulatory constraints, common industry stagnation, and more scrutiny from taxation and financial authorities in the process of a fund launch, the company said.
Following the expansion, the firm will offer fund, corporate, trust structuring and administration, financial markets support, along with consultancy on international legal projects.
The firm has now also rebranded to JP Integra Group to better reflect the diversified offering it can offer to global family offices, high-net-worth individuals as well as investment managers.
JP Integra Group executive chairman Phil Griffiths said: "The expansion of our services and rebrand presents an exciting new chapter for JP Integra Group.
“As the complexities of the investment world continue to increase, we want to be a strategic partner to the companies in the private capital industry, offering them both dedicated support and thorough expertise in all aspects of fund, investment management and administration.”
In addition, JP Integra has appointed five new team members, including Peter Cockhill, who formerly served as managing partner at Ogier in the Cayman Islands; Eduardo Silva, who was previously a president of the Cayman Islands Bankers Association and chairman of Cayman Finance; and Dave van Duynhoven who earlier served as Cayman head of operations at Ogier and Appleby.
JP Funds Group has till date facilitated over 150 fund launches and serviced clients across several jurisdictions. In addition to Cayman Islands and now the US, the firm also has representation in Switzerland, the UK, and Singapore.