ACA Compliance Group Launches Consulting Services for Mutual Fund Board of Directors

May 1, 2019

ACA Compliance Group (“ACA”) has expanded its consulting services to support mutual fund boards and senior management with enhanced governance of critical issues, board oversight, and business judgement.

ACA’s Board of Director Services Practice

ACA’s Board of Director Services is a component of ACA’s Investment Company Services division. Through this practice, ACA now partners with mutual fund boards, fund and independent legal counsel, and senior management of fund sponsors to enhance board governance of critical business and operational issues and the regulatory responsibilities delegated to the board under the Investment Company Act of 1940. Under ACA’s Board of Director Services practice, ACA works with board clients to review board governance structures, procedures and management reporting to assist with board oversight and the mitigation of operational, regulatory, and reputational risk. ACA supports boards on matters related to regulatory compliance, liquidity risk management, vendor diligence management, exchange-traded funds, cybersecurity oversight, and more.

ACA’s Team

ACA’s Board of Director Services practice is overseen by James P. Pappas, Managing Director. Jim has had senior management roles and has served as a mutual fund director in the investment industry. Prior to ACA, Jim managed Putnam Investments’ relationship with the board of trustees of The Putnam Funds, which represented over 100 portfolios. During this time, he stewarded the relationship through a complicated regulatory environment and the sale of the management company. Additionally, he served as corporate ombudsman and directed enterprise-wide operational risk-management assessment and oversight.
Jim is also a trustee of a public university foundation since 1998, currently serving as Chair of its Governance and Audit Committee.

About ACA Compliance Group

ACA Compliance Group is a leading provider of governance, risk, and compliance advisory services and technology solutions. We partner with our clients to help them mitigate the regulatory, operational, and reputational risks associated with their business functions. Our clients include leading investment advisers, private fund managers, commodity trading advisors, investment companies, broker-dealers, and domestic and international banks. ACA is based in New York City and has offices in London, Hong Kong, Malta, and other U.S. cities.

For More Information

Learn more about ACA's Board of Directors Services, or contact Jim Pappas at +1 (617) 259-0851 for more information.
For media inquiries, please contact Krissy Kennedy at +1 (857) 214-1740.
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