Seasoned fund administration professional, Chris Meader (pictured), has launched the North American Fund Administration Association (NAFAA) which will aim to define, promote and encourage collaboration for best practices in the industry.
Meader’s previous roles include Vice President of JPMorgan Hedge Fund Services and Senior Vice President of Citi Hedge Fund Services, while he was most recently Senior Managing Director at State Street’s Alternative Investment Solutions.
NAFAA will look to address the requirements and goals of investors and allocators, generate a useful and progressive dialogue with regulators and ultimately enhance and improve both the reputation and understanding of the North American fund administration industry, across the globe.
NAFAA intends to be a voice for the admin industry and its constituents, supporting the administration space and providing a forum where experienced professionals can share and implement ideas for progression in an increasingly complex and regulated global market.
Meader says: “Collaboration of fund administration service providers in the US is long overdue. With the increased use of derivatives in our industry and the introduction of new products such as cryptocurrency funds, there is a clear calling, now more than ever before, for a forum to discuss these key issues and ensure that we, as fund admin providers, evolve our businesses to service this new breed of managers and fund types. NAFAA aims to identify and institute operational best practices; to enhance the image and understanding of the industry; to advance constructive dialogue with regulators; and to improve the communication and training amongst its members via effective conferences and communications.”
The NAFAA is seeking initial members to assist in the definition and ongoing development of the association.