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Mainstream Fund Services in the Cayman Islands

The Cayman Islands are a leading international financial centre and the offshore domicile of choice for hedge funds.

There are more than 10,000 mutual funds registered/licensed with the Cayman Islands Monetary Authority ("CIMA"), with assets of US $5.7 trillion.

Mainstream Fund Services (Cayman) Ltd focuses on corporate and administration services for Cayman domiciled funds and related entities.

Angela Nightingale is the Country Manager of the Group's Cayman operations.

To find out more about our Cayman services, contact us.

Time in Cayman Islands:

George Town, Grand Cayman Office

3rd Floor Citrus Grove, Goring Avenue
George Town,
PO Box 10364
Grand Cayman
Cayman Islands

Google Map of 3rd Floor, Citrus Grove Building, 106 Goring Ave, George Town, Cayman Islands

Our Staff

John McCann

Chief Executive Officer, Europe and Cayman

John has over 30 years of experience within global financial services, working in various domiciles such as London, Jersey, Cayman and Dublin. He founded Trinity Fund Administration Limited in 1994 before joining Mainstream in 2017. John is a current member of the Institute of Directors, Ireland, an associate member of the Chartered Institute of Bankers (“CIB”), in Canterbury, England, as well a member of a number of other industry groups and committees. He is a sought after speaker and participates in numerous national and international associations (such as Enterprise Ireland Funds Services and Cluster Group, The Financial Services Governance Risk and Compliance Technology Centre (GRCTC) and AIMA), each committed to a greater understanding of the industry and the practical application of regulatory, legislative and commercial change.
John graduated with a B.A. in Economics and Sociology from the University of Manitoba, Canada. He also holds a Trustee Diploma from the CIB.

Contact Details:

+353 1 279 9660

emea@mainstreamgroup.com

Angela Nightingale

Director and Secretary of Mainstream Fund Services (Cayman) Limited

Angela is the Country Manager of Mainstream Fund Services in the Cayman Islands. Angela has a broad experience with funds, corporate governance, liquidations, regulatory and compliance requirements of the Cayman Islands and holds a BAcc from the University of Phoenix. In addition Angela holds a number of industry qualifications including CAMS and Int. Adv. Cert (Comp) (Certified Anti-Money Laundering Specialist) Professional Designation and (ICA Advanced Certificate in Compliance) Professional Designation. She is also a Notary Public in the Cayman Islands.

Angela is a member of the Cayman Islands Compliance Association (CICA), an executive committee member of the Cayman Islands Fund Administrators Association (CIFAA) and is a member of their FATCA/CRS sub-committee.

Contact Details:

+1 345 743 6620
cayman@mainstreamgroup.com

Background

The Cayman Islands is at the forefront of fund governance and regulation. As an overseas territory of the United Kingdom, the transparent and flexible regime is underpinned by economic and political stability.

Mainstream (formerly Trinity Fund Administration (Cayman) Ltd.) opened its George Town office in 2009 to provide on-the-ground corporate and administration services for Cayman funds. In 2017 Trinity became part of the Mainstream Group, allowing clients to benefit from our established market position and knowledge, strong operational processes and experienced management team on the Islands.

Mainstream Fund Services (Cayman) Limited is regulated by the Cayman Islands Monetary Authority (CIMA) and holds a Full Mutual Fund Administrators License and a Corporate Services License.

Learn more about our Cayman services. 


Global expertise

Mainstream Fund Services (Cayman) Limited is part of Mainstream Group Holdings Limited (ASX: MAI), a listed company specialising in fund services. The Group provides fund and superannuation administration services underpinned by investment in people, processes and technology.

As at December 2018 the Group provides administration services to 921 funds and more than 104,000 investors with assets under administration in excess of AUD $147 billion. Mainstream employs over 256 people, with operations in Australia, Singapore, Hong Kong, the United States, Ireland, the Isle of Man, Malta and the Cayman Islands.

Learn more about Mainstream worldwide.

Reliably proven success by the numbers:
921+
Funds
20+
Years Experience
$147bn+
In Funds Outsourced to Mainstream

Local services

Mainstream Fund Services offers administration services to both general and limited partners and companies to support the accounting, tax, regulatory and compliance requirements of alternative investment funds.

Whether you are forming a new fund or considering a change in administrator in the Cayman Islands, we can help.

Services available include:

Core Services

  • Preparation of NAVs
  • Reconciliations
  • Pricing of the investment portfolio
  • Funds accounting
  • Registrar and transfer agency
  • Preparation of financial statements
  • Compliance reporting
  • Payment of bills
Incorporation and fund launch project management, including;

  • Central point of contact for all the parties
  • Reviewing draft documentation and assist in bringing the documentation to a final format
  • Provide introductions to key service providers
  • Assist with the completion of account opening forms with the Bank and assist with bank’s KYC process
  • Works with international law firms servicing Cayman Islands entities
Board Support Services, including;

  • Support the Board of Directors in meeting their responsibilities
  • KYC document collection and review
  • Liaison with local authorities and service providers to facilitate good corporate governance
  • Convening of General meetings and Board meetings
  • Preparation and circulation of written resolutions of the directors and shareholders
  • Co-ordination of the documentation process for launch and reorganisations
  • Completion of bank mandates and account documents
Registered office services, including

  • Maintenance of statutory books and records in accordance with local Company law;
  • Completion of statutory filings
  • Maintenance and compliance with the Cayman Islands Beneficial Owner registry requirements
Other Services Include:

  • Fund Annual Return (FAR)
  • Data Delivery Portal allows our clients and their service providers access to their entity’s information 24/7
  • Principal Office facilities to funds registered with the Cayman Islands Monetary Authority as administered funds pursuant to Section 4(1) of the Mutual Funds Law (as amended)
  • US FATCA Services
  • Common Reporting Standard (“CRS”) services
  • Provision of the Principal Point of Contact in relation to US FATCA and CRS
  • Provision of CRS and AML Operational policies and procedures
  • Solvent liquidations

In addition Mainstream Fund Services has a local network of legal, banking, audit and accounting partners and would be happy to provide introductions.

Learn more about our Cayman services.




Statistics

  • Office opened: 2009
  • Country manager: Angela Nightingale
  • Specialities: corporate services, fund accounting and NAV calculation, reconciliations, transfer agency, audit and tax co-ordination
Over $147 billion in funds are outsourced to Mainstream: