Cayman Islands: TMF Group Acquires Axiss International Management Limited
Leading Provider of Global Business Services Significantly Expands Cayman Operations
Miami. July 12, 2016. TMF Group – one of the world’s leading providers of global business services – announces the acquisition of Axiss International Management Limited. Based in the Cayman Islands, Axiss is a regulated management company that provides a full range of fiduciary and company management services to offshore hedge funds, structured finance vehicles, insurance providers and local companies, including provision to independent Cayman Islands resident directors.
Axiss managing directors – Michael Wheaton, Director and Chief Operating Officer, and Dwight Dubé, Director and Chief Financial Officer – will assume senior management roles at TMF (Cayman) Ltd. and oversee the combined operation.
Raimundo Diaz, Head of the Americas at TMF Group, states, “The acquisition of Axiss and the incorporation of Michael Wheaton and Dwight Dubé into our management team is a significant milestone for TMF Group and further underpins our commitment to providing clients with unparalleled services globally. Both Michael’s and Dwight’s expertise will be invaluable to TMF Group’s Cayman Islands operations, service delivery and continued growth.”
“We are extremely pleased to be in a position to bring this joint offering to the market and further add to the Cayman Islands’ position as a leader in the financial services industry. Axiss has built a reputation for delivering the highest level of service and expertise to assist and manage our clients’ Cayman and international operations,” comments Dwight Dubé.
Michael Wheaton adds, “Our new relationship with TMF Group allows us to give our clients direct access to services in more than 80 countries and, with a first-class service offering, meet all Cayman requirements of TMF Group’s global blue-chip client base.”
TMF Group funded the acquisition from existing cash resources. The financial terms of the transaction have not been disclosed.
About TMF Group:
TMF Group helps global companies expand and invest seamlessly across international borders. Its expert accountants, legal, HR and payroll professionals located around the world assist clients with their corporate structures, finance vehicles and investments. With business services offered in more than 80 countries, TMF Group is the global expert that understands local needs. www.tmf-group.com.
About Axiss:
Axiss International Management Ltd. is a boutique firm based in the Cayman Islands that provides fiduciary and general administrative services to offshore hedge funds, structured finance vehicles, insurance providers and local companies.
