SOURCE: GlobeOp Financial Services S.A.

February 06, 2012 05:11 ET

GlobeOp appoints Tim Ridley to Cayman board

LONDON--(Marketwire - Feb 6, 2012) -

GlobeOp Financial Services(LSE: GO.) has appointed Tim Ridley to its Cayman
Islands subsidiary board. Ridley, the former chairman of the Cayman Island
Monetary Authority (CIMA) and a former senior partner of Maples and Calder,
was appointed following the recent resignation of Gary Linford."Demand for
greater hedge fund transparency and governance is increasing," said Vernon
Barback, GlobeOp president and chief operating officer. "Tim Ridley's
legal, financial and regulatory expertise will be a benefit to GlobeOp and
its clients. We look forward to his contributions as we focus on
independent valuation, regulatory and board reporting. I would also like to
thank Gary Linford for his contributions to GlobeOp - particularly related
to Cayman regulatory updates - since his appointment to the board in 2008."
"I am pleased to join GlobeOp at a time of significant evolution in hedge
fund transparency, reporting, and board oversight and responsibility," said
Tim Ridley. "As an independent Tier 1 administrator, GlobeOp offers
valuable industry leadership. Counterparty risk, asset verification and
regulatory reporting services contribute to good fund governance."

Ridley served as CIMA chairman from 2004-2008, having been a member
since 2002. He is a frequent speaker and writer on financial services
and regulatory themes. Ridley has also served as an editorial board
member for several leading industry and legal publications. He currently
serves as a director of various private companies.

GlobeOp's Grand Cayman office provides registry office, transfer agency
and investor relations services and board meeting support to
Cayman-domiciled hedge funds. Facilities are located at 45 Market
Street, Suite 3205, 2nd Floor; Gardenia Court, Camana Bay; Grand Cayman
KY1-9003; Cayman Islands. Telephone/fax - +1 345-943-3330/
+1 345-814-0950.

GlobeOp Financial Services
GlobeOp Financial Services (LSE: GO.) is an independent administrator of
middle and back office services, integrated risk reporting and portfolio
analytics for hedge funds, managed accounts and fund of funds. Our
expertise further extends to family wealth offices, insurance companies,
pension funds, corporate treasuries and private/regional banks. By
outsourcing to GlobeOp, clients can reduce their technology investments
and operational risks, while increasing their focus on asset generation
and portfolio management. Established in 2000, GlobeOp serves approximately
200 clients worldwide, representing $173 billion in assets under
administration. Headquartered in London and New York, GlobeOp employs over
2,000 people on three continents through its 11 offices in the Cayman
Islands, India, Ireland, the UK and US. Further information: , , .

GlobeOp, GlobeOp Hedge Fund Index and the GlobeOp "G" are trade or
service marks of GlobeOp and its affiliates.

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