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About Bell RockWe are a leading provider of offshore fund governance services such as the provision of:
Independent Director Services Board Support Fund Formation & Entity Structuring Solutions Investment Management Company Formation Cayman Corporate Services – Registered Office and Company Secretary Emerging Manager Platform - Evolution Offshore Manager Platform SPC Introductions to key service providers: fund administration, legal counsel, prime brokers, auditors, compliance and accounting.
From 2008, investors have demanded the highest level of fund governance, accountability and independent oversight. The increasing institutional investor base in the hedge fund industry has significantly raised the focus on the quality of governance on hedge funds boards. This has resulted in a dramatic shift in approach resulting from high profile cases of mismanagement, fraud, insider trading and conflicts of interest.
Our professionals act on the boards of many of the world’s leading asset managers and provide much needed guidance to start up funds and investment companies. Bell Rock is headquartered in the Cayman Islands and licensed and regulated by the Cayman Islands Monetary Authority (“CIMA”).
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Why Bell Rock is an Industry Leader in Offshore Fund Governance
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Capacity – we monitor the number of board positions held by each member of our professional team to ensure adequate time available. We take our fiduciary responsibility very seriously and having sufficient time to deal with matters that arise is imperative in today’s industry.
Regulated – Bell Rock is regulated by CIMA, independently audited. Our Directors are also registered with CIMA under the Director Registration and Licensing Law 2014 (“DRLL”).
Technology & Business Continuity – we invest significantly in information technology and business continuity protocols to ensure all data is securely backed-up and there is no disruption in services in the event of a disruption event to our office.
Accessible – we think of ourselves as a partner to industry and usually involved in early discussions with new managers, counsel, administrators, prime brokers, advisors. We are available during normal business hours to attend to matters in a prompt manner and to speak or correspond directly when needed.
Independent – it is important that directors are independent so oversight can be fair and impartial.
Our Clients – some of the leading hedge funds and private equity firms in the industry who have Cayman funds. Geographically, we work with clients in the United States, Canada, Europe (and London), Singapore, Asia-Pacific, Africa, Middle East, Latin and South America.
Board Support – aside from an open dialogue with our clients during the course of each year we also provide board support to facilitate the preparation and coordination of periodic board meetings, the drafting of minutes and filing of minutes on the Minute Book at the Registered Office.
Industry Partner – we see ourselves as a partner to industry and work closely with many other firms globally such as law firms, fund administrators, prime brokers, asset managers, private equity firms, family offices, auditors, hedge fund managers and financial advisers.
Type of Funds – all hedge fund strategies, long-only funds, Cayman investment management companies, Private Equity Funds including the GP, PE Investment Committees, Venture Capital, Investment Companies. We are well versed in even the most complex structures.
Expertise – Professionally Qualified with an average of 17 years of senior level international industry experience in asset management, risk, law, compliance and fund governance. We have worked for many of the leading financial corporations with experience in Europe, US, Canada and Asia.
David LloydFounder & Managing Director
Areas of Expertise Hedge Funds Covering All Strategies (Long/short, Macro, Emerging Market, Structured Credit, Convertible Arbitrage, Quantitive, Multi-Strategy, Relative Value).
Investment Management Companies
Private Equity Funds
Investment Committees, Traditional Long-Only Mutual Funds
Investment Vehicles
Private Wealth
Structured Finance, Debt Capital Markets, Asset Back Finance
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David LloydFounder & Managing Director
In July 2012, David founded the Bell Rock Group, a Cayman Islands firm licensed and regulated by CIMA. Bell Rock is a specialised provider of independent director services to hedge funds, hybrid funds, long-only funds, infrastructure funds, real estate, special situation and private equity funds. He has over fifteen years of industry experience and has been providing independent director services for seven years to Cayman fund and investment management companies with some of the leading asset managers in the industry. Prior to founding Bell Rock, he was a professional independent director to a range of hedge funds, investment management companies and private equity funds in Cayman working for a leading offshore management services firm. He was formerly a director at Citi investment bank in London developing and structuring multi-asset investment funds and acting as investment adviser to a range of funds, a former member of the Citi Global Management Senior Risk Committee and formerly senior counsel advising on all aspects of multi asset and multi-strategy funds. He was formerly at BNP Paribas, Credit Suisse and SunGard Global Trading.
MBA in Finance and Banking from the University of London;
Chartered MCSI with the Chartered Institute for Securities & Investment;
Investment Management Certificate with the CISI;
Accredited Director (Acc.Dir);
Member of the Institute of Directors (UK);
Called to the Bar of England & Wales;
LLB Law Degree from the University of Wales;
Member of the Society of Trust& Estate Practitioners (STEP);
Fellowship Member of the International Bar Association, the ACI Financial Markets Member of the
Investment Management Due Diligence Association (IMDDA);
Registered with CIMA as a Director under the Director Registration & Licensing Law 2014;
Resident in the Cayman Islands;
1-345-949-4850
Professional Director Team
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Cayman Islands
Drew provides services to boards of Cayman investment companies, hedge funds, private equity funds, venture capital funds and investment vehicles. Drew is resident in the Cayman Islands. Drew is a specialist in Corporate Governance, Risk Management and investment management operations and compliance with over 15 yrs. experience. Prior to joining Bell Rock Drew was the General Manager at Active Services (Cayman) Limited providing corporative services to a wide range of Cayman investment funds and structures. Prior to this she worked for CIBC Bank and Trust Company (Cayman) where she was responsible for company performance, compliance, day-to-day running of the business, budgetary control, project management, staff training and business development.
Registered with CIMA under the Director Registration and Licensing Law 2014,
Accredited Director (Acc.Dir) with the Chartered Secretaries of Canada
BA & MA from Long Island University, NY,
International Advanced Certificate in Compliance and Financial Crime
(ICA) from The University of Manchester Business School
Member of the Institute of Directors (UK)
Member of the Cayman Islands Compliance Association
Member of the Securities & Investment Association
Member of the Chartered Institute for Securities & Investment.
Drew DhanrajCo-Founder & Executive Director
Professional Director Team
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1-345-949-4850
Cayman Islands
Jeffrey ShaulDirector
Independent Director Services
Jeffrey Shaul has over 27 years of investment industry experience, including senior executive positions with major Canadian firms in such areas as securities underwriting, mergers and acquisitions and asset managment. Prior to founding Robson Capital Management Inc. (”Robson”) in 2003, Jeffrey assisted in building a funds management business from inception to $285 million, including a private equity fund-of-funds managed on behalf of Canada Pension Plan Investment Board (CPPIB). With this broad-based investment industry background, Jeffrey has an in depth understanding of key issues such as fund structuring, investment strategies, counter-party risk management, valuation practices, investment risk management and operational risks. His experience is particularly relevant to boards of hedge funds where there are complex valuation and risk assessment issues. Jeffrey has held hedge fund oversight roles with a number of funds, including the CPPIB fund-of-funds, the Robson Van Eck Hard Assets Fund and the Robson Everest Global Fund. Jeffrey practised law in the general corporate practice group at Osler, Hoskin& Harcourt in Toronto, prior to his career in investment banking and asset management with major Canadian investment firms including Scotia Capital and TD Securities.
Member of the Law Society of Upper Canada, the CFA Institute and Toronto CFA Society.
Fellow of the Canadian Securities Institute. Jeffrey was a member of the Sales Practices Committee of AIMA Canada from November 2006 to May 2009.
Appeared on BNN (Business News Network) as a commentator on the hedge fund industry.
Chair of the Advisory Board of the Niagara Institutional Dialogue, the premier annual forum for inter-active dialogue among senior executives of Canada’s foremost institutional investors.
Registered by CIMA as a director.
Professional Director Team
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1-345-949-4850
Toronto, Canada
B.A. degree (cum laude) in Economics, University of TexasChartered Financial Analyst (CFA) designation, 1991Member of the CFA InstituteCFA Society of San FranciscoAdvisory Board of Tokyo Hedge Funds Club, 2005-2008Member of the California Hedge Fund Association
Evan JuddIndependent Director Services
Evan joined Bell Rock in September 2013, and provides non-executive independent director services for hedge funds, investment management companies, traditional long-only funds, and segregated portfolio companies. Evan’s career spans over 25 years in asset management where he has served in a number of senior asset management positions with Merrill Lynch, Morgan Stanley, and most recently, Shinsei Bank. Evan brings a wealth of experience in international markets with over 20 years spent in Asia. Extensive business interactions in Tokyo, Hong Kong, Singapore and Mumbai have provided him an easy familiarity with cross-cultural business environments. He speaks fluent Japanese. Early in his career, Evan managed global bond and currency portfolios for institutional investors in New York. From there, he spent a number of years in Tokyo where he worked to establish numerous Cayman based investment vehicles and customized hedge fund portfolios for Japanese investors. With Shinsei Bank, Evan was the head of overseas operations for the asset management group where he oversaw the successful establishment of a joint venture and two affiliated asset management companies, obtaining both a Mutual Fund License from the Securities Exchange Board of India, and a Fund Management CMS License from the Monetary Authority of Singapore. Evan’s considerable expertise in portfolio management, fund governance, structuring, and operations has allowed him to serve on numerous boards in both executive and independent director capacities.
Professional Director Team
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1-345-949-4850
San Francisco, United States
Zach ZiliakIndependent Fund Director
Zach provides services as an independent director to hedge funds, fund of funds, traditional long only funds, investment managers, investment committees, private equity and venture capital funds. He is a Rhodes Scholar with degrees in mathematics and finance. He has extensive software development experience and first worked as a financial engineer (“quant”) and trader before advancing to a legal career, in which he applied his industry background to the legal and operational needs of companies in the investment management industry. In addition to completing five undergraduate majors in four years he spent four years as a financial engineer at UBS, pricing and risk-managing foreign exchange exotics, forecasting equity volatility, modeling stochastic processes, and developing and testing software systems. He was then named head trader of Matlock Capital, in which capacity he led a proprietary trading desk.He clerked for Judge Janice Rogers Brown on the U.S. Court of Appeals for the D.C. Circuit and then joined the litigation practice at Mayer Brown LLP, where he worked for four years.
Studied mathematics at the University of OxfordMBA from the University of Chicago with concentrations in Finance and Strategic Management, graduating with honors. JD from Loyola University Chicago’s School of Law, graduating summa cum laude and first in his class.
Professional Director Team
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1-345-949-4850
Chicago, United States
10 Market Street, 758 Camana Bay, Grand Cayman, Cayman Islands, KY1-9006
1-345-949-4850
bellrockgroup.com
