Dual US/EU citizenship
Family-related activities, boating and sailing, reading popular fiction and Italian history, genealogy, and regional Italian cooking
To be an active, contributing, and collaborative member of the senior management team of a US or EU asset manager (dual US/Italian citizenship) with clear responsibility as a C-level Officer for the day-to-day management of critical non-investment activities.
The ideal role would also allow for input into the company's strategic direction, participation in critical decision-making discussions, interaction with key clients and vendors, and mentoring, coaching and motivating the next generation of senior management.
Confident, highly motivated, and enthusiastic former Chief Operating Officer, Fund President and Board Chairman of a USD 185 billion asset with more than twenty years of senior management experience in the investment company industry, including eight years as an industry COO and five years as managing partner of Big 4 accounting firm's investment company practice.
- Broad industry experience including oversight of fund administration, fund accounting, transfer agency, marketing, wholesaler sales, human resources, legal, compliance, finance, operations, and systems.
- Highly flexible and adaptable to new and rapidly changing environments; continually seeks new challenges and initiatives.
- Has a strong work ethic and commitment to high standards for deliverables; handles pressure calmly and effectively.
- Recognized as a highly capable organizational change agent with a proven track record of working with and building highly capable cross-functional senior management teams.
- Demonstrated keen intellectual ability to grasp extremely complex technical and business issues and simplify them in order to facilitate decision-making; particularly capable regarding the implementation of new product strategies, complex tax efficient cross-border product structures, and back-office support for non-traditional asset types.
- Enjoys and is quite capable of working on parallel projects with tight deadlines, conflicting priorities and the need for urgent decision-making.
- Excellent adaptability and cultural sensitivity having extensive experience working in global companies as well as having direct dealings with senior officers of multinational companies.
Risk and Control
Developed and implemented a strategic marketing plan that achieved all established goals with the collateral benefit of significantly reducing the firm's financial and reputational risk associated with its role as a global tax withholding agent. Diminution of risk achieved by defining and implementing strict account opening procedures and controls, soliciting new client documentation for existing client accounts, and recruiting a 20-person global tax services group responsible for tax compliance, the ongoing review of tax changes in more than ninety countries.
Implemented new governance policies and procedures that enabled the multiple mutual fund boards to effectively deal with the complex issues associated with direct and intermediary sold, open and closed, multi disciplinary mutual fund families.
Developed automated tools to ensure tax issues associated with complex investment strategies could be easily identified and reported to national practice senior staff, thereby significantly reducing client and firm financial risk.
Managing Organizational Change
Twice rebranded and consolidated an investment manager's product line as a result of sequential acquisitions. This included the development and implementation of product strategies requiring complex fund mergers, consolidation of fund platforms and service providers, outsourcing of back office activities, combination of middle office platforms and assimilation of multiple boards of trustees.
Directed the reorganization of the various New England tax practices into a single regional practice. Result was better leverage of resources and improved service delivery capabilities.
Achieved significant expense savings and service level increases for mutual fund shareholders through selective outsourcing of transfer agency and fund accounting functions.
Designed and implemented product profitability analyses for investment products and distribution relationships with follow-on redesign of sales compensation plans.
Managed and oversight responsibilities for all areas of the investment management business other than asset management, including fund accounting, transfer agency, financial reporting, compliance, legal, human resources, sales, marketing, client service, and information technology.
Strategic Planning and Implementation
Had oversight of the design and implementation of a fund manager's broker-sold 401(k) product strategy that became the top selling program in the intermediary channel.
Established firm's national investment company tax practice and led it to being the largest in the public accounting industry.
Coordinated the development of strategic plans to convert direct sold mutual funds to the broker, bank, and financial planner distribution channels.
Recognized as leading international expert on investment management tax matters, including optimal product structuring for cross border investment vehicles, withholding taxes, investment partnerships, mutual funds, and complex securities.
Published the first industry recognized treatise on investment company tax planning (CCH). Was regular contributor to Journal of Taxation of Investments as well as frequent speaker at investment management conferences.
Jan 2010 - Present
Director, Tax Services
Aug 2005 - Dec 2008
Head, Global Tax Services Group
Asked by senior partners to join the firm in order to establish a renewed tax presence for its global custody business.
Mar 2000 - Apr 2004
Chief Operating Officer
Chief Operating Officer, Columbia Management Group
President, Columbia Funds Services, Inc.
President, Columbia Mutual Funds
Chairman, Columbia Mutual Funds Board of Trustees
Responsible for all aspects of the Columbia Mutual Funds business other than portfolio management and distribution, with particular emphasis on board relationships, transfer agency, fund accounting and administration, investment operations, and compliance.
Jan 1994 - Jan 2000
Chief Operating Officer
Chief Operating Officer, Putnam Mutual Funds
Responsible for day-to-day management of the intermediary distribution channel, reporting to the head of retail sales. Specific responsibility for compliance, finance, product marketing and development, and broker-sold 401(k) products.
Oct 1983 - Dec 1993
Managing Partner, Northeast Region tax practice (1991-1993)
Co-Chair - US investment management practice (1991-1993)
Chair - Global investment management tax practice (1991-1993)
1989 - Present
1980 - Present
1975 - Present
Phi Beta Kappa