Maples Launches In-House Due Diligence Group

Mar 4 2013 | 1:58pm ET

Maples Fiduciary Services has launched an in-house operational due diligence group helmed by Ramona Bowry.

Bowry, a senior vice president, joined Maples recently to launch the new group, which will conduct on-site operational due diligence reviews of hedge fund managers and other key service providers to funds where Maples Fiduciary provides directors.

Bowry has more than 10 years' experience in risk management and the provision of fiduciary services to investment funds.

“Direct access to detailed information from a dedicated operational due diligence specialist will deepen the Maples Fiduciary director’s knowledge of each fund and its service providers, enhancing the director oversight function and complementing on-sight director visits,” said Peter Huber, global co-head of fiduciary services, in a statement. “It will ensure that when board meetings are held they are as robust as possible. We expect best practice frameworks to emerge from these reviews which will in turn be communicated to the investment manager and services providers of each fund on which our directors serve.”

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