The Gemini Companies (Gemini) (now Ultimus Fund Solutions) announced today that it has appointed Brian Privor as Chief Regulatory Officer. In this new role, Mr. Privor will help ensure that both Gemini and its fund clients’ operations are optimally equipped to comply with rules set by the U.S. Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority, Inc. (FINRA), National Futures Association (NFA), and other industry regulators.
Mr. Privor’s 20 years of professional experience is deeply rooted in asset management and securities regulation, including seven years as Senior Counsel in the SEC’s Asset Management Unit in the Division of Enforcement, and the past year serving on the U.S. Senate Judiciary Committee investigating financial crimes. While at the SEC, he led investigations of a broad spectrum of federal securities laws violations, focusing on both registered and private funds, and assisted in litigating enforcement matters in federal court and administrative proceedings. Prior to that, he was an associate at Morgan, Lewis & Bockius, LLP, where he focused on: corporate investigations, anti-corruption, anti-money laundering, and OFAC compliance; corporate governance; securities enforcement; and enforcement under various regulatory programs.
Mr. Privor received his Juris Doctor degree, cum laude, from Harvard Law School in 1998, and a Bachelor of Arts degree, summa cum laude, from Tulane University in 1995. Mr. Privor is licensed to practice law in California and the District of Columbia, and is admitted to the bar of the U.S. Supreme Court, D.C. Circuit, 9th Circuit, and various federal district courts.
Gemini’s CEO Kevin Hesselbirg commented, “Brian will be a tremendous asset to our organization and a sounding board for our clients as they seek to navigate the ever-evolving, complex regulatory landscape. Our staff will be able to leverage his knowledge and expertise as we seek to continually improve our operations and elevate Gemini’s entire compliance operations and officers to best-in-class.”
Mr. Privor will use his extensive experience to advise and oversee all aspects of Gemini’s compliance solution, which encompasses:
- Leading due diligence and compliance reviews for new and existing funds and fund service providers
- Advising fund boards and management on regulatory, risk management, and compliance matters
- Reviewing existing compliance programs and making recommendations for best practice enhancements
- Developing compliance programs, preparing policies and procedures, and conducting training
- Preparing funds and fund advisers for SEC exams
“Gemini’s compliance program and deep bench of subject matter experts impressed me,” said Mr. Privor. “I am looking forward to bringing my compliance background and experience with the SEC to Gemini’s extensive, sophisticated clients and partners.”
7661 GFS 5/1/2018