DM Financial News

21st January 2025, 10:00 GMT

Richard Murphy joins DM Cayman as Director, Head of Restructuring and Fiduciary Services

Richard Murphy is an experienced director and insolvency practitioner who provides fiduciary and restructuring advice to offshore funds and companies across a number of investment strategies including structured finance, digital assets, litigation funding, private equity and other alternative investment strategies.

Richard has acted as a court appointed official liquidator, receiver and voluntary liquidator in the Cayman Islands and the Republic of Seychelles and has served as a board member on a variety of offshore registered funds and companies.

Richard has over 17 years’ experience in providing restructuring and insolvency advice. Prior to joining DM, Richard was a director at a leading fiduciary and restructuring services provider in the Cayman Islands where he directed a portfolio of directorship and liquidation cases mostly in complex, distressed and special situations. He is well versed with the offshore regulatory and legislative landscape and its impact on Cayman Islands entities.

Richard commenced his career in Ireland at KPMG and later worked with AIB Bank. Richard is a chartered accountant and a fellow of the Institute of Chartered Accountants in Ireland. In 2022 he completed the intensive Global Insolvency Practice Course to become a Fellow of INSOL International. He is a qualified court appointed liquidator in the Cayman Islands and a certified director, accredited by the Chartered Governance Institute of Canada and is registered with the Cayman Islands Monetary Authority as an approved director.

Richard Murphy: “I am delighted to have joined DM as head of Restructuring and Fiduciary, Cayman Islands. Having a highly regarded staff of 250 across the key offshore jurisdictions greatly attracted me to joining the DM Group because of the quality and depth of expertise and services that DM offer clients. I am looking forward to meeting the DM clients to see how I can help them and reconnecting with my own lawyer contacts in the coming weeks. My focus will be enhancing our client services, growing the Insolvency and Forensic Investigations lines, while introducing new contentious directorships, liquidations, restructuring and general special situations advisory services.”

DM Cayman

The DM Cayman office was established in 2020. DM Cayman is registered with the Cayman Islands Institute of Professional Accountants to provide voluntary, provisional official liquidation and other insolvency services. DM Cayman is also regulated by the Cayman Islands Monetary Authority and provides corporate and individual directors, nominee shareholder and corporate services.

The DM Cayman team are comprised of experienced accountants who have a deep understanding of Cayman Islands structures and significant experience in the space. The DM Cayman office has a staff of ten people and are supported by experienced staff in Ireland and Singapore offices. Across the DM Group we have over 100 qualified accountants across other offices in the Netherlands, the United Kingdom, Luxembourg and Bulgaria.

Jerry Dee, Managing Director of DM Cayman, “As a niche service provider in Cayman, our core market is Cayman structures with non-standard issues. We have highly experienced staff, the support structure and the technical expertise needed to manage these situations and our clients value this service. Richards’ expertise in the restructuring, insolvency and special situation space aligns with our overall service offering and will allow us to expand our services supporting local fiduciaries and law firms.”

DM Group

Established in 2007, DM is an independent financial services company that specialises in providing accounting, reporting, compliance and restructuring services to asset managers, financial institutions and family offices globally. Headquartered in Ireland with offices in the Cayman Islands, Singapore, The Netherlands, the UK, Bulgaria and Luxembourg, DM has a team of 250 staff including over 100 qualified accountants. DM provides services to investment vehicles with assets valued at more than US$800bn.

DM established a cross-border Restructuring and Insolvency service for investment funds and special purpose vehicles in Ireland. DM have been developing and growing this team and see the appointment of Richard in Cayman as the natural next step in continuing this investment to enhance the range of services we offer clients worldwide.

Ian Doran CEO of DM, “Our Restructuring and Insolvency business has been a success since its establishment. Our clients recognise the value of our experienced staff and our ability to find solutions for complex issues which has allowed us to continue to grow our business. The appointment of Richard as Head of Restructuring and Fiduciary in the Cayman Islands is an important step in the growth of this team.”

CONTACT
Richard Murphy
Head of Restructuring and Fiduciary Services
Cayman Islands
E-Mail Richard

Tel: p. +1 (345) 321-2409