HedgeOp Strengthens Executive Management Team

Jul 7 2009 | 10:37am ET

HedgeOp Compliance, which specializes in providing software and consulting services to asset managers, has named Patrick Shea an executive vice president.  As an EVP, Shea will be joining the four-person executive management team that runs the firm. 

In his new role, Shea is charged with helping HedgeOp prepare its hedge fund clients for registration and upcoming regulation, as well as drive HedgeOp’s expansion into the registered investment advisory marketplace through the use of the firm’s ComplianceTrak Adviser platform.

“ComplianceTrak is a key piece of technology that will help hedge funds stay ahead of the curve as they prepare for registration that will be necessary under the recently announced Obama plan,” said Shea, who will remain based in Boston.

“Patrick Shea has been a key player in building HedgeOp’s message to both hedge funds and RIAs – that technology and automation can help investment managers meet their compliance responsibilities cost effectively, as well as demonstrate their operational accountability to investors,” said Bill Mulligan, CEO of the New York-based firm. “Mr. Shea’s distinguished career in asset management makes him an excellent choice for this leadership role.”

Prior to joining HedgeOp in August of 2003, Shea served as assistant counsel for Baring Asset Management Inc., where he was responsible for general compliance oversight and legal support in the areas of product development, marketing and distribution.

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