KRyS Global Expands To Guernsey
KRyS Global, a firm dedicated to corporate recovery, insolvency, forensic accounting and business advisory services, today announces the launching of a fifth office, in Guernsey, to commence business this October 2012.
The Guernsey office will be led by Timothy Le Cornu, who has been a Director in KRyS Global’s Cayman Islands’ office since 2008 and has over 17 years experience in investigating fraud and collecting in assets, particularly at the cross-border and international level.
He is a qualified Insolvency Practitioner, a Fellow of INSOL and has acted as Joint Official Liquidator and Receiver of a number of Cayman and BVI entities. His experience spans not only to the Caribbean, but also Asia and Australia.
Founder and Chief Executive Officer of KRyS Global, Kenneth Krys, explains the objectives for launching an office in the Channel Islands: “We identified there was a need for the types of services and expertise we provide, primarily in the areas of fraud investigation and asset recovery.
“With our dedicated experience and proven success in the Caribbean, together with our strong networks in Hong Kong and elsewhere, we offer a unique and independent perspective to investigating instances of fraud and recovering assets for victims that Guernsey does not currently possess. As such we identified the opportunity to provide services and expertise in Guernsey, consistent with our global practice and growing client base.”
KRyS Global’s particular expertise is in the offshore financial services industry and the firm has played a pivotal role in a number of large, high profile cases in the Caribbean in the last five years. In a recent survey of offshore financial industries which ranked offshore centres by competitiveness and their ‘rating’ by financial professionals, Guernsey ranked number two, compared with Cayman, Bermuda and BVI, which ranked three, four, and six respectively.
The financial services Guernsey is known for is private trust services, hedge funds and reinsurance. Mr. Krys stated that as KRyS Global currently provide fraud investigation and asset recovery to these demographics in the Caribbean, it made sense to explore this opportunity in Guernsey. He noted that Jersey had a similar service offering and was only a few minutes away and if there were clients there who needed their services, they would consider this as well.
“I am excited to have the opportunity to lead KRyS Global in Guernsey,” added Mr. Le Cornu. “Based on the service providers and government officials I have spoken with, it is evident the strategic alliance with Guernsey complements the services and expertise we currently provide elsewhere. We have a very strong team, and I am eager to bring our capabilities and expertise to Guernsey, the UK and Europe.”
