Maples Fiduciary Hires Industry Expert for In-house Operational Due Diligence
Maples Fiduciary Services, a leading global fiduciary services provider, has recently established an in-house Operational Due Diligence Group. The Group will conduct onsite operational due diligence reviews of hedge fund managers and other key service providers to funds where Maples Fiduciary provides directors. The Group will report findings to the Maples directors and the wider board in order to assist the board with overseeing the fund and its service providers.
The Group will be lead by Ramona Bowry, Senior Vice President, who recently joined Maples Fiduciary Services to launch the effort. Ramona has more than ten years experience in risk management and the provision of fiduciary services to investment funds. She will play a critical role in providing an objective evaluation of hedge fund operations supporting the Maples Fiduciary directors.
“Direct access to detailed information from a dedicated operational due diligence specialist will deepen the Maples Fiduciary director’s knowledge of each fund and its service providers, enhancing the director oversight function and complementing on-sight director visits,” Peter Huber, Global Co-Head of Fiduciary Services. “It will ensure that when board meetings are held they are as robust as possible. We expect best practice frameworks to emerge from these reviews which will in turn be communicated to the investment manager and services providers of each fund on which our directors serve.”