EY - Alternative and registered funds mid-year update

EY Wealth & Asset Management Webcast

2017 Alternative and registered funds mid-year update

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Join us for a discussion of the latest developments regarding accounting standards and tax legislation that affect alternative and registered fund companies.

Our panel of professionals will discuss the following topics:

  • Legislative tax update
  • SEC regulatory update
  • Accounting and financial reporting update

Panelists

EY - Jamila Abston

Jamila Abston

EY

Jamila Abston is a Partner in the Financial Services Office – Wealth and Asset Management practice of Ernst & Young LLP. Jamila recently rejoined EY from the U.S. Securities and Exchange Commission, where she served as the Assistant Regional Director for the Office of Compliance Inspections and Examinations.

In this role, Jamila served as an advisor for the SEC Examinations program, specializing in compliance program effectiveness, risk analytics, enterprise risk management, and cybersecurity for the asset management industry. She led and participated in hundreds of Examinations and Enforcement investigations of investment advisers, investment companies, broker-dealers, transfer agents, and other industry participants.

Prior to her position with the SEC, Jamila was a Manager in the Fraud Investigations and Dispute Services practice of Ernst & Young LLP where she led restatements, investigations, and litigation support matters for healthcare, manufacturing, government, and technology clients. Jamila provides coverage on key wealth and asset management accounts with increased risk and compliance service capabilities, especially involving the Investment Company Act, FINRA regulations, Dodd-Frank regulatory reform, and the recent SEC Modernization rule.

EY - Jaime Eichen

Jaime Eichen

EY

Jaime Eichen is a partner in the Financial Services Professional Practice Group of Ernst & Young LLP. She has more than 16 years of experience in the asset management industry, including serving asset management clients such as mutual funds, SEC-registered and non-registered hedge funds, private equity funds, business development companies, investment advisers, and general partners.

Prior to rejoining EY in 2014, Jaime was the Chief Accountant for the SEC’s Division of Investment Management for more than three years where her responsibilities included directing the financial reporting, accounting, and auditing practices of investment companies in compliance with the federal securities laws and discussing significant investment company accounting and auditing standard setting matters with the FASB and PCAOB.

Prior to joining the SEC, Jaime was a Senior Manager at Ernst & Young LLP and provided assurance services to asset management clients. She also worked in the firm’s National Professional Practice where she assisted in providing technical consultations to the asset management practice.

Jaime is licensed as a Certified Public Accountant in New York and received her Bachelor of Science in Business Administration with a concentration in Accounting from Bryant University in Rhode Island.

EY - Stephen Fisher

Stephen Fisher

EY

Stephen Fisher is a tax principal in Ernst & Young LLP’s Boston office with more than 25 years of experience in the financial services industry, providing compliance, transactional and advisory support to both registered and unregistered investment fund clients. He has extensive experience in the taxation of mutual funds and other investment vehicles and in the creation, negotiation and analysis of complex financial products. He has testified before Congress and has worked with congressional, US Treasury and Internal Revenue Service personnel on numerous tax-related legislative and regulatory items affecting the financial services industry.

Prior to joining EY in 2012, Steve spent 18 years at Fidelity Investments, where he was the Senior Vice President and Deputy General Counsel and led the Fund Tax Group in the Legal Department. Before joining Fidelity Investments, he was in private practice at a major Boston law firm.

Stephen is an Adjunct Professor of Law at Boston University Law School. He has three patents for financial-services-related inventions.

EY - Seda Livian

Seda Livian

EY

Seda Livian is a Partner in the Financial Services Office – Wealth and Asset Management practice of Ernst & Young LLP. Seda has over a decade of experience in the financial services industry in the areas of audit and taxation. Seda has extensive experience in the taxation of financial products, including equity, debt and derivatives. She consults on formation and cross border transactions strategies tax planning for multinational asset managers, as well as assisting with state, local tax planning.

Seda has extensive experience in partnership allocations and reporting requirements as they relate specifically to hedge and private equity funds. She is a CPA and holds a BS from Queens College. She is member of AICPA.

EY - Gerald Whelan

Gerald Whelan

EY

Gerald Whelan is a Partner in the Financial Services Organization Assurance practice of Ernst & Young LLP, based in New York. With 17 years of tax experience with EY, Gerald has served private equity (PE), alternative asset management, and corporate clients in the transaction and tax space in New York, London, and Hong Kong.

Moderator

EY - Joe McCarney

Joe McCarney

EY

Joe McCarney is a Partner in the Financial Services Organization Practice Group of Ernst & Young LLP. Joe has 13 years of experience in serving the financial services industry, with a focus on the asset management industry, including hedge funds, mutual funds, private equity funds and internal control reports for administrators. In his role, Joe has coordinated large and complex mutual fund, hedge fund and real estate investment trust audits.

His experience includes transfer agent reviews, SSAE 16 reviews, SEC compliance engagements, investment advisor audits, fund mergers, integrated audits, benefit plans and agreed-upon procedures engagements.

Joe has developed and led training courses on accounting and audit issues facing the mutual fund and hedge fund industries and has served as a national audit quality reviewer for our internal assurance practice. Additionally, Joe has served on EY's national valuation group.