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Deloitte has appointed Ellen C. Schubert and Ray J. Iler to the hedge fund team of its asset management services practice.

The addition of Schubert and Iler (pictured) complements the simultaneous dedication of ten current Deloitte partners with capital markets experience to the hedge fund team.

"With the industry undergoing a paradigm shift, hedge funds and their investors require a sophisticated partner with the right skill and experience. With more than 200 years of industry experience joining our team since 2008, Deloitte is well-positioned to meet that demand globally while maintaining our tradition of nimble, responsive and customized service," says Cary Stier, Deloitte's US head of asset management services.

Schubert joined Deloitte on 1 September in the newly-created role of chief adviser to the asset management services practice. Based in New York, she will advise Deloitte's hedge fund clients on issues including operations, product structuring and regulation.

Prior to joining Deloitte, Schubert was a managing director and global head of the fixed income hedge fund business for UBS Investment Bank from 2006 until 2008. She was appointed to the investment bank board of directors from 2001 to 2008 and was a member of the company's prime services committee from 2006 to 2008. Prior to her role in fixed income, Schubert ran FX sales in North America from 1996 to 2004 and concurrently the FX global hedge fund business from 2002 to 2006.

Iler rejoined Deloitte in July as the Northwest Pacific hedge fund leader. Based in San Francisco, he is responsible for hedge fund industry matters involving audit, tax, financial advisory and consulting.

Prior to joining Deloitte, Iler served as chief financial officer and corporate secretary for Quadrise Canada, an oil and gas technology company. From 2001 to 2006, he founded the tax practice and served as audit partner for Deloitte's Grand Cayman practice, where he advised clients on hedge fund structuring, due diligence procedures, service provider selection and incentive fee structuring.

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