Industry Updates

Gemini Companies nabs SEC's Hourihan for compliance role

Tuesday, July 18, 2017

Tweet
Print
Email
Track Keywords

Opalesque Industry Update - Brian Hourihan has been appointed Regulatory Compliance Officer for Northern Lights Compliance Services, a sister firm of Gemini Fund Services, and Northern Lights Distributors, all part of the Gemini Companies. In his new role, Mr. Hourihan will be responsible for working with the NLD and Gemini teams to strengthen compliance processes across the Gemini Companies, and ensure that all accounting, administrative, distribution, and marketing services provided to managers of pooled investment solutions 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.

"A big part of our role as an engaged partner to financial institutions involves helping them administer and grow their funds while remaining compliant with evolving regulations," said Kevin Hesselbirg, Chief Executive Officer of the Gemini Companies. "Brian's wide-ranging expertise and experience related to regulatory compliance with SEC, FINRA, and NFA rules will prove invaluable in our ongoing effort to enhance best practices across our family of service companies."

Mr. Hourihan has more than 25 years of experience in the financial services industry, including several years as Senior Counsel in the SEC's Division of Investment Management. During his career, he has been responsible for providing legal and compliance advice on all aspects of services provided to mutual funds, exchange traded funds (ETFs), and other pooled investment solutions; developing, implementing, and testing compliance programs; and managing relationships, examinations, and filings with regulators.

Mr. Hourihan most recently spent nine years at OppenheimerFunds, where he served as Senior Vice President, Deputy General Counsel and Senior Managing Counsel. His prior experience includes serving as Vice President and Senior Counsel at MFS Investment Management, and as Assistant General Counsel at Fidelity Investments.

"In today's environment of great regulatory uncertainty and change, investment advisors seeking to bring their funds to market need the support of knowledgeable partners who can help them understand, and comply with, current and future regulatory requirements," said Mr. Hourihan. "The regulatory compliance services that we provide allow investment advisors to establish robust regulatory control structures, and to focus their attention on serving their investors and growing their assets under management. I look forward to working with my colleagues at Gemini and NLD to ensure that the services each team offers continue to adhere to the highest standards."

Article link