The Cayman Islands-based Caledonian Bank & Trust Limited has teamed up with ADP/OMR, a division of ADP Brokerage Services Group, to provide offshore fund administration services to the alternative investment management community.
The bank offers a raft of offshore services but ADP/OMR will provide support in terms of systems, service personnel and fund management technologies to enable the bank to look after its customers' offshore domicile needs.
Chris Zuech, senior vice president of client
accounting, ADP/OMR, told news service, finextra: 'ADP/OMR now has offshore
capabilities, expanding Xacct, our funds processing service bureau offering,
to better meet our clients' needs.'
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