North American Fund Administration Association launches
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North American Fund Administration Association launches 29 January 2018Boston Reporter: Becky Butcher
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Former State Street senior managing director Chris Meader has launched the first North American Fund Administration Association (NAFAA).
Meader has previously served in roles, such as vice president of J.P. Morgan hedge fund services and senior vice president of Citi hedge fund services, and, most recently, senior managing director at State Street’s alternative investment solutions business.
The new association will address the requirements and goals of investors and allocators, generate a useful and progressive dialogue with regulators and enhance and improve both the reputation and understanding of the North American fund administration industry.
NAFAA was set up to act as a voice for the administration industry and aims to support the administration's space, providing a forum where professionals can share and implement ideas for progression.
Meader said: “Collaboration of fund administration service providers in the US is long overdue.”
“With the increased use of derivatives in our industry and the introduction of new products such as cryptocurrency funds, there is a clear calling, now more than ever before, for a forum to discuss these key issues and ensure that we, as fund admin providers, evolve our businesses to service this new breed of managers and fund types.”
Meader added: “NAFAA aims to identify and institute operational best practices; to enhance the image and understanding of the industry; to advance constructive dialogue with regulators; and to improve the communication and training amongst its members via effective conferences and communications.”
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