Maples Fiduciary Services has established an in-house operational due diligence group. The group will be lead by Ramona Bowry, who has joined the firm as a senior vice president to launch the effort.
Bowry has more than ten years experience in risk management and the provision of fiduciary services to investment funds.
The new group will conduct onsite operational due diligence reviews of hedge fund managers and other key service providers to funds where Maples Fiduciary provides directors.
Peter Huber, global co-head of fiduciary services, said: “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.”
“It will ensure that when board meetings are held they are 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.”
