Geoff Ruddick has been promoted to head of funds at the Caymans-based fiduciary services provider International Management Services.
Ruddick who also joins the IMS board of directors, joined the firm’s senior management team in 2006 from Hedgeworks Fund Services (now Deutsche Bank Cayman). Prior to that he was a director and compliance officer with Derivatives Portfolio Management (now DPM Mellon). Before entering the commercial side of fund management, Ruddick worked with KPMG in Vancouver and later with KPMG in the Cayman Islands, where he worked in the corporate recovery department involving the liquidation of hedge funds and other regulated entities.
IMS managing director and legal counsel Gary Butler said in a statement: “Geoff has gained a thorough and intimate knowledge and understanding of the organization, its capabilities and unique competitive advantages and he is perfectly positioned and uniquely placed to lead and grow the IMS Fund Services business.”