Specialist financial services group JP Integra Group has announced the expansion of the firm’s services, targeting the private capital sector with a wider offering.
The firm has also announced international business growth plans with the launch of a US representation in order to be closer to clients based in the Americas. The firm writes that to better-reflect the diversified offering it can provide to global family offices, high-net-worth individuals and investment managers, the firm has changed its name to “JP Integra Group” from “JP Funds Group”, under which they had operated since 2007.
The expansion of the firm’s offering comes in response to the growing number of challenges faced by the private capital industry; this includes increased regulatory burden, amplified scrutiny from the general public, politicians, taxation and financial monitoring authorities, common industry stagnation and other demands inherent in the process of launching a fund. The firm writes that the JP Integra Group is now positioned to help their clients navigate this challenging environment by creating, administering and servicing a diverse range of investment vehicles.
The full service offering from JP Integra Group following the expansion includes fund, corporate, trust structuring and administration, financial markets support, as well as consultancy on international legal projects.
Established in 2007 the firm developed as a Cayman Islands-centric specialist in global fund launches, having facilitated more than 150 fund launches and servicing clients across multiple jurisdictions. With 80-85 per cent of global hedge funds domiciled in the Cayman Islands, the islands will remain a key hub of activity for JP Integra Group in addition to representation in Switzerland, the UK, Singapore and now the US.
Phil Griffiths, Executive Chairman at JP Integra Group, says: “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.
“We believe that making the right decision today is better than fixing a problem tomorrow; we proactively empower investment professionals to achieve their goals by building, maintaining and servicing investment vehicles and continually supporting client needs as team players and partners.”
Along with the business expansion, JP Integra has added five new team members, including Peter Cockhill, formerly managing partner at Ogier in the Cayman Islands, as legal director, Eduardo Silva a former president of the Cayman Islands Bankers Association and chairman of Cayman Finance, and Dave van Duynhoven, previously Cayman head of operations at Ogier and Appleby.