DMS Offshore Investment Services is boosting its onshore fund governance capabilities with the recruitment of Michael Garvey (pictured), a former Managing Director of JP Morgan Alternative Asset Management as a managing director.
Garvey, who will be based in the firm's New York office, will have the capacity to serve as an independent director on the boards of investment funds and related structures, and will play a key role in DMS Operational Due Diligence services, also based in its New York office. In addition, he will provide thought leadership to institutional investors and consultants through DMS roundtables and seminars, industry conferences, articles and proprietary research.
"As regulatory changes continue to redefine the fund industry, and as investors demand stronger governance and increased transparency, DMS is ensuring that we have the right people, in all the right places, with the expertise and experience to respond to these developments," says DMS CEO Anne Storie. "Mike will enhance our ability to provide market-leading fund governance services both onshore and offshore, and help fund managers to stay on top of their regulatory responsibilities and best practices in operational due diligence."
Garvey brings to DMS an excellent track record in operational due diligence and fund administration with some of the largest hedge funds in the industry. At JP Morgan Alternative Asset Management, he led both the Operational Due Diligence and Operations teams, and was responsible for the operational due diligence, customised solutions and fund administration activities of all of JPMAAM's products and nearly 100 managers across the globe invested with the firm.
He has conducted due diligence reviews on over 1200 hedge funds, including private equity funds and service providers such as fund administrators, external valuation agents, boards of directors and consultancy firms.
