David Lloyd
Founder & Managing Director
Fund governance, investment banking and legal experience, including senior roles at Citi and BNP Paribas.
Meet David →BELL ROCK GROUP · CAYMAN ISLANDS
Cayman fund governance
and independent directors
Independent judgement. Institutional confidence.
Board appointments, fund formation, corporate services and compliance support for institutional managers, private funds and digital asset structures.
CIMA-licensed Company Manager, Licence No. 633916
Established 2012
Grand Cayman
Cayman Islands presence · International experience · Continuing support
OUR EXPERTISE
Cayman fund and
corporate services
Explore our services →01
Fund Governance & Independent Directors
Experienced board appointments and governance support for investment funds, managers and corporate structures.
Explore expertise →02Fund Formation
Cayman fund establishment and coordination, from the proposed structure through launch and ongoing support.
Explore expertise →03Corporate & Entity Services
Company formation, registered office, corporate administration and company secretarial support.
Explore expertise →04Compliance & Regulatory Support
AML officer appointments, regulatory coordination and ongoing compliance support for Cayman entities.
Explore expertise →GOVERNANCE FOR EVOLVING FINANCE
Where institutional finance meets
digital asset structures
Cayman foundation governance and corporate support for blockchain, Web3 and digital asset organisations.
Explore foundation governance →Launching a fund?
Our partner firm, CV5 Capital, offers emerging and established managers a regulated Cayman platform for a turnkey fund launch.
Explore CV5 Capital ↗THE BELL ROCK APPROACH
Experience that understands
your responsibilities.
We work with hedge funds and asset managers, private banks, family offices, international corporations and their advisers. Our team brings perspectives from investment banking, asset management, law and corporate services.
Professional judgement
Senior experience applied to the governance and operational questions that matter to your structure.
Cayman knowledge
Local corporate and regulatory experience supporting clients with international requirements.
Continuity of support
Formation, governance and ongoing administration considered together throughout the entity lifecycle.
OUR PEOPLE
The directors who take
your appointment
Meet our team →
Drew Dhanraj
Co-Founder & Head of Corporate Services
Corporate services, fund operations and AML compliance, with experience at CIBC Bank and Trust Company (Cayman).
Meet Drew →
Evan Judd, CFA
Director · Fund Governance
Asset management and international fund governance, with senior experience at Merrill Lynch and Morgan Stanley.
Meet Evan →
Jeffrey Shaul, CFA, FCSI
Director · Fund Governance
Investment funds, investment banking and securities law, with experience at Scotia Capital and TD Securities.
Meet Jeffrey →INSIGHTS & PERSPECTIVES
Insights on Cayman funds, governance and regulation
Explore our perspectives on fund structures, governance, corporate services and digital assets.
Questions managers ask before appointing us
Direct answers to what prospective clients raise most often. Our full FAQ and glossary go further.
What does an independent director of a Cayman fund actually do?
An independent director sits on the fund's board and is accountable to the fund rather than to the manager. In practice that means reviewing and approving the net asset value, overseeing valuation of hard-to-price assets, monitoring the service providers, approving changes to the offering documents, and satisfying itself that the fund is operating as its investors were told it would. The director is expected to form an independent view and to record it.
Does my Cayman fund need a CIMA-registered director?
Directors of funds regulated under the Mutual Funds Act and the Private Funds Act are generally required to be registered with the Cayman Islands Monetary Authority under the Directors Registration and Licensing Act, and a regulated fund is required to have a minimum number of directors. Whether a particular appointment needs registration or a licence depends on the vehicle and how many funds the individual acts for, which we will confirm for your structure before anyone is appointed.
How long does Cayman fund formation take?
A straightforward Cayman fund can usually be formed and registered in four to eight weeks from the point at which the strategy, the service providers and the offering documents are settled. The variables that move the timeline are the completeness of investor due diligence, the number of jurisdictions the manager operates in, and how quickly the bank or custodian completes onboarding. We will give you an indicative timeline once we understand the structure.
What is a Company Manager licence, and why does it matter?
A Company Manager is licensed by the Cayman Islands Monetary Authority under the Companies Management Act (As Revised) to provide company management, registered office and related corporate services. Bell Rock Group holds Licence No. 633916. It matters because the licence brings the firm within CIMA's supervision, including fitness and propriety requirements, anti-money-laundering obligations and ongoing regulatory reporting. An allocator's operational due diligence can verify it.
Can you act as AML officer for our fund?
Yes. Cayman funds and other relevant financial businesses must appoint an Anti-Money Laundering Compliance Officer, a Money Laundering Reporting Officer and a Deputy MLRO, each at a sufficiently senior level and with the independence and access to carry out the role. We take these appointments and provide the compliance programme behind them, rather than supplying a name on a form.
Do you work with digital asset funds and DAO foundations?
Yes. We provide governance and corporate services to digital asset funds, tokenised vehicles, foundation companies used by protocols and decentralised organisations, and businesses seeking registration as a virtual asset service provider. The governance standard is the same as for a traditional fund. The difference is in the questions a board has to be able to answer about custody arrangements, key management and the valuation of illiquid tokens.
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