Five Continents Financial Limited, a Cayman Islands-based asset management and corporate services company, has launched its governance services offering, which will be headed by former Deloitte partner Glen Wigney.

Wigney has over 30 years of experience with Deloitte in Canada, Cayman, and most recently, the US.
 
“Fund investors and investment managers are demanding enhanced fund governance with independent professional judgment applied in a business-like manner,” he says. “I believe that when my experience is combined with the asset management, corporate and legal expertise of the founding partners of Five Continents, our offering is differentiated in the marketplace and is second to none.”
 
Scott Elphinstone, managing director and chief investment officer, says: “With its distinctive offshore platform, Five Continents anticipates providing solutions addressing ongoing industry issues. For example the European Alternative Investment Fund Manager Directive (AIFMD) has created increased pressure for funds to have more physical presence in Cayman. With its existing trading desk and administrative resources, Five Continents clearly provides ‘substance-over-form’ professionally demonstrating solid mind and management.”