Ray Iler, former regional leader of Deloitte's hedge fund practice on the West Coast, has joined the Financial Services Organization's Wealth & Asset Management practice of Ernst & Young.
Iler, who also served as the lead of Deloitte's Emerging Manager Platform, will provide professional services to EY's hedge fund, private equity and venture capital clients. Iler was also the audit lead for Deloitte's Growth Enterprise Services team in San Francisco.
"We are extremely pleased to welcome Ray to EY as he is a highly-respected leader in the asset management industry," says Mike Serota, a Partner with Ernst & Young LLP and co-leader of EY hedge fund services. "Ray's arrival also continues to solidify the firm's reputation as a leading service provider for the West Coast alternatives fund sector."
Iler also founded the tax practice and served as audit partner for Deloitte's Grand Cayman practice, where he advised clients on investment fund structuring, due diligence procedures, service provider selection and incentive fee structuring. Prior to joining Deloitte's West Coast practice, Iler served as Chief Financial Officer and Corporate Secretary for Quadrise Canada Corporation, a private equity backed oil and gas technology company.
"I look forward to helping anticipate market trends, identify their implications and develop points of view on relevant sector issues for clients," says Iler. "EY's Financial Services Organisation model is a true differentiator and working together, we can help clients meet goals and compete more effectively."
While in Cayman, Iler also served as a manager for Bank of Bermuda Cayman Limited's corporate banking team where he was responsible for the investment management, custody and brokerage services delivered to investment funds and to high net worth individuals. In addition, he was the Capital Markets Group Head for UBS (Cayman Island) Ltd., where he managed back-office operations for UBS-sponsored and third party investment funds and served as a director of those funds.
Iler is a CFA charterholder and past president of the CFA Society of the Cayman Islands, a former director, treasurer and founding member of the Alternative Investment Management Association's Cayman Chapter, a CPA and a Canadian Charter Accountant. He currently sits on the West Coast Board of Hedge Funds Care.
Iler received a Bachelor's degree of Commerce with a concentration in Accounting and Finance from the University of Alberta.