Caledonian adds wealth management division

Published by Caymanian Compass – 15 January 2014

Intertrust Group and Caledonian Securities Ltd. concluded the sale of Intertrust Asset Management (Cayman) Ltd. on Dec. 31, 2013. Caledonian was the preferred bidder in a two-stage auction process that commenced earlier last year.

The transaction was finalized after obtaining approval from the Cayman Islands Monetary Authority.

Nancy Euvrard will lead Caledonian’s new wealth management division and will be responsible for the overall investment strategy and asset allocation of discretionary portfolios. Ms Euvrard is a CFA charterholder and has significant experience in the financial services and investment management fields, gained with some of the leading names in the industry, Caledonian said.

Caledonian Securities Ltd. is a subsidiary of Caledonian Global Financial Services Inc., a privately held financial services conglomerate that has been providing services to its clients from the Cayman Islands for over 43 years. The acquisition of Intertrust Asset Management in Cayman is part of the company’s strategic objective to grow its discretionary investment management business.

Caledonian clients include corporations, financial institutions, alternative investment funds and high net worth individuals. With offices in the Cayman Islands and the BVI, Caledonian offers a broad range of offshore products and services to its clients.

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