Daymer Group launches with $10bn in assets under oversight

A new independent fiduciary and consulting firm, Daymer Group, has launched operations in London and the Cayman Islands with more than 20 corporate clients representing over $10bn (£7.4bn) in assets under management (AUM).

The group, founded by Cayman-based chartered accountant Richard Scott-Hopkins, is targeting investment managers and growth-stage companies. Its clients include three firms each managing more than $2bn (£1.4bn), among them a multi-billion-dollar distressed credit fund, a near-billion-dollar credit fund, and a billion-dollar commodity manager, all based in London.

Daymer Group said it provides fiduciary services for funds, structured products, special purpose vehicles and other corporate structures. It also offers consultancy support and fractional C-suite roles to help growth-stage firms scale without the burden of expanding permanent headcount.

The firm launches with eight directors and consultants, including former C-suite executives, partners and senior leaders from across the financial services sector. The aim, it said, is to improve governance standards and enhance client credibility through independent advice.

Scott-Hopkins, a member of the Institute of Chartered Accountants of Scotland, has more than 20 years’ experience in financial services and currently sits on the boards of several hedge and private funds. He previously worked as an audit and advisory partner at KPMG and most recently held a senior governance and compliance role at Centralis.

Also joining the launch team is Grant Harding, a chartered accountant and certified public accountant based in the Isle of Man. Harding has held senior leadership roles across investment management and e-commerce, including as principal finance at Amazon Business in the US. He also serves as a non-executive director of a private equity investment manager and holds an MBA from MIT.

Meanwhile, Katrina West has been appointed general counsel, joining from a multi-billion-dollar private credit firm where she served as general counsel, chief compliance officer and money laundering reporting officer. She previously worked at Brevan Howard and Horizon Asset Management.

Scott-Hopkins said: “There is a demand for a credible, nimble alternative to the established consultancies, concentrating on key disciplines of premium fiduciary and management consultancy. Clients are already responding positively to our combination of deep experience and collaborative culture; we’re now looking forward to expanding our global footprint and services in the coming weeks.”