Staff Appointments

Hamilton, Bermuda – Delphi Management Limited ( “Delphi”) is pleased to announce the appointment of four new members of staff in order to provide customized professional service to its expanding portfolio of new client business. Gary Carr, Maria Higgins, Derrick Ponnambalam and Cueva Holder recently joined the company from JPM Administration Services (Bermuda) Limited (“JP Morgan”). The new staff members bring professional experience in excess of 50 years in the alternative asset and financial services field. The new staff members’ breadth of knowledge in all aspects of alternative asset administration and private client management will augment and strengthen an already accomplished Delphi team. Delphi continues to enhance its position as a bespoke administration service provider to private equity, real estate and alternative funds, family offices and insurance linked securities products.

Mr. Gary Carr joins Delphi as Director. Prior to his appointment, Gary served as Executive Director for JP Morgan responsible for product development, client relationship management and operational matters. Prior to JP Morgan, Gary was responsible for Schroders Private Equity business, expanding those operations to comprise approximately 20 people in Bermuda and 10 people in Guernsey. Gary is a CPA and a CMA. Gary’s directorships include operating companies, investment vehicles, fund general partners, and similar entities. Gary continues to serve as a Director of the Bermuda Cancer and Health Centre and is a member of Governance Committee for the Centre.

Ms. Maria Higgins joins Delphi as a Vice President. Prior to her appointment, Maria was a Vice President for JP Morgan and Schroders in their Private Equity Fund Administration operations in Bermuda. Maria is a CPA with over 15 years experience in Private Equity and US tax issues in relation to investment funds and vehicles. Maria is the treasurer of the Bermuda Feline Assistance Bureau, and had been active in other charitable causes including Habitat for Humanity and Girl Guides amongst others.

Mr. Derrick Ponnambalam joins Delphi as a Vice President. Previously, Derrick was with JP Morgan and Schroders in Bermuda working in the Private Equity funds area for 5 years. Derrick is an ACA who started his career in 1997 in Assurance and Advisory Services with KPMG and later with Ernst & Young. His career has taken him from Sri Lanka to Bahrain and Bermuda. Derrick received special commendation for achievement in professional examinations.

Mr. Cueva Holder joins Delphi to provide corporate secretarial and related investment services required by our clients. Cueva began his career in 1995 with an international financial services company with particular focus on public markets. Cueva has an extensive administrative background in brokerage, custody, asset management and corporate finance. During his career with JP Morgan in the alternative asset space, Cueva specialized in the provision of corporate secretarial and legal services to private equity clients, tailored to both General and Limited Partners.