Ultimus Fund Solutions bolsters team 10 October 2019Cincinnati Reporter: Jenna Lomax
Image: Shutterstock
Ultimus Fund Solutions has appointed Brian Privor as president of the firm’s compliance division, following the retirement of Mike Wagner.
In his new role, Privor will help ensure that both Ultimus and its fund clients' operations are equipped to comply with rules set by the US Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority and the National Futures Association.
Privor will lead due diligence and compliance reviews for new and existing funds and fund service providers and advise fund boards and management on regulatory, risk management, and compliance matters.
In addition, he will be responsible for reviewing existing compliance programmes and making recommendations for best practice enhancements as well as developing fund compliance programmes.
Privor served as senior counsel in the SEC's division of enforcement, asset management unit for seven years.
While at the SEC, he led a range of investigations on federal securities laws violations and assisted in litigating enforcement matters in federal court and during administrative proceedings.
David James, executive vice president and chief legal and risk officer for Ultimus, commented: "Having Brian Privor oversee our compliance division is a tremendous asset to our clients and our organisation. His perspectives will help shape our compliance offerings and elevate our entire fund compliance operations and chief compliance officers to best-in-class."
Commenting on his new role, Privor said: "I am thrilled to be taking over this role and look forward to shaping how Ultimus provides guidance and counselling to our clients in an ever-evolving regulatory environment. We strive to distill this complexity into meaningful business insights, helping our clients stay compliant and competitive."
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one asset servicing news source this
year, make sure it is your free subscription to Assegt Servicing Times
Image: Shutterstock 