dms adds to director’s pool for hedge funds

| 07/07/2010

(CNS): A local management firm has announced the appointment of a new Caymanian director that will “serve as an independent director of hedge funds and other alternative investment vehicles,” dms Management Ltd. (DMS) has said. Describing itself as the largest management firm in the Cayman Islands focused on the hedge fund industry, dms said Don Ebanks, a former managing director of Ernst & Young, insolvency and restructuring practice, will add to the pool of people offering director’s services through the firm.

 
Before E&Y he was the Head of Compliance of the Cayman Islands Monetary Authority (CIMA) where he created the Compliance Division and was instrumental in developing the compliance framework for the CIMA. Prior to this appointment, he served as the Deputy Head of the Investment Services Division of the CIMA.

Ebanks began his career with Coutts & Co. before moving to Barclays Private Bank in the Cayman Islands, serving as a portfolio manager at both institutions. A member of the Cayman Islands Compliance Association, he holds a Master of Arts degree in Economics from the University of Western Ontario.

 
Don Seymour, DMS Managing Director, said dms was delighted to welcome Ebanks to the team to meet what he said was “growing client demands for the professional fund governance.” He added, “His outstanding capabilities will complement our already exceptional group of directors whom have been internationally recognized as industry leaders by serving some of the most notable names in the hedge fund industry during the last decade. We look forward to his continued outstanding contributions to our client and industry community.”
 
Ebanks said he was very pleased to take up this new role. “DMS has maintained a responsive and entrepreneurial approach to client service throughout its development, and I look forward to preserving and enhancing this ethos. As a Caymanian I am particularly pleased to be associated with this firm which has an ongoing commitment to hiring and developing local professionals seeking a career in corporate governance services.”
 
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