Hedge fund administration provider HedgeServ is opening a Cayman Islands office.

Greg Bennett, managing director, will head a team of 12 professionals to provide full fund administration and middle office services to both hedge funds and funds of hedge funds from the new location.

Bennett joins HedgeServ from Butterfield Fulcrum’s Cayman Islands office where he was managing director responsible for business development and client relations.

James Kelly, founder of HedgeServ, says: “Our decision to expand in the Cayman Islands comes after the overwhelmingly positive response and demand we have received since our inception last year. We are delighted to welcome Greg and his new team who, along with their solid track record and background, will be a significant contribution to our Company’s growth.”

Bennett adds: “I am delighted to be joining HedgeServ’s dynamic team. HedgeServ’s powerful technology platform is unique in the industry. Their strong commitment to a team approach is vital to meeting today’s sophisticated service requirements of both hedge funds and fund of hedge funds.”

HedgeServ has offices in New York and Dublin.