Cayman based Genesis Trust & Corporate Services has added former New Quadrant Partners founder Marcus Parker as a director, head of trusts and in-house counsel at the firm.
Mr Parker joins Genesis from Summit Trust in the Cayman Islands where he was a managing director from 2015 until December last year. Prior to that he co-founded boutique law firm New Quadrant Partners in 2010 from Payne Hicks Beach and worked there until November 2013 before joining Forbes Hare’s private client practice as a partner in its Cayman Islands office.
Genesis Trust was incorporated in 1992 by the partners of KPMG in the Cayman Islands. In 1998 Genesis Trust became fully licensed and regulated by the newly established Cayman Islands Monetary Authority.
In 2004 Genesis Trust separated from KPMG due to regulations introduced regarding auditor independence, namely the Sarbanes-Oxley Act and the revised Securities and Exchange Commission rules.
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