Speaker(s): Anne E. Beaumont, Bruce Karpati, Clifford E. Kirsch, Jennifer E. Hoopes, Julien Bourgeois, Michaela Walker, Sara P. Crovitz, Sharanya Mitchell Recorded on: Sep. 30, 2020
PLI Program #: 273868
View Program on PLI.edu
Anne E. Beaumont is a litigation partner in the New York office of Friedman Kaplan Seiler & Adelman LLP and heads the firm’s LIBOR Transition Task Force. Her practice focuses on representation of investment and asset management firms and their managers and investors as well as financial services firms in litigation matters and disputes involving complex financial products and transactions. Ms. Beaumont also counsels and trains financial services industry clients, investment and asset management firms, on legal compliance, due diligence, and other issues, and advises investment and asset management firms and their professionals on employment and separation issues and disputes.
Cliff Kirsch began his career at the U.S. Securities and Exchange Commission (SEC), became chief legal officer for one of the country’s largest dually- registered broker-dealer/advisers and then joined Sutherland (now Eversheds Sutherland) in 2006. He relies on his regulatory and in- house background and an up-to-date knowledge of regulatory developments to provide practical and innovative counsel to broker-dealers and investment advisers in the areas of securities regulation and compliance.
With more than 25 years of experience, Cliff regularly counsels clients on the design and distribution of investment products including wrap-fee programs and other advisory products, mutual funds, bank collective investment funds and insurance products. He also focuses on issues related to the design and implementation of compliance programs at financial services firms.
While at the SEC, Cliff received the Manuel F. Cohen Award, which recognizes younger lawyers who have displayed outstanding legal ability, integrity and judgment and he served as assistant director of the SEC's Division of Investment Management.
Cliff is a frequent speaker at industry conferences, and is the author and editor of two of the leading treatises in the broker-dealer and adviser arena: Broker-Dealer Regulation and Investment Adviser Regulation (published by the Practising Law Institute).
Cliff is also co-founder of the Julia Anne Kirsch Foundation, which seeks to serve the needs of disabled individuals and their families.
Eversheds Sutherland counsels a coalition of major life insurance companies on evolving state and federal regulations and other legal developments.
Eversheds Sutherland represents a coalition of major life insurance companies, which collectively account for more than 80% of the annuity business in the United States, in their efforts to affect the direction and details of various SEC, FINRA, CFTC, NAIC and state rule proposals and initiatives.
Eversheds Sutherland serves as outside counsel on broker-dealer and adviser regulatory issues for one of the largest independent broker-dealer networks in the country. Eversheds Sutherland serves as regular primary outside counsel on broker-dealer and adviser regulatory issues for one of the largest independent broker-dealer networks in the country.
Eversheds Sutherland represents coalition of collective trust fund sponsors, advisers and other service providers.
Eversheds Sutherland serves as counsel to the Coalition of Collective Trust Funds. Among other things, Sutherland monitors and reports on legal and regulatory matters affecting collective trust funds.
Member, New York City Bar Association
Faculty, FINRA Compliance Institute at The Wharton School of the University of Pennsylvania
Former Chair, FINRA Variable Products Committee
Former Board Member, National Society of Compliance Professionals
Sara P. Crovitz provides counsel on all aspects of investment company and investment adviser regulation.
Sara’s recent speaking engagements:
Panelist, “The SEC’s Proposed Amendments to the Advisers Act Advertising Rule,” Stradley Ronon, Foreside Financial Group and Fidelity Investments Webcast
Panelist, “Proxy Voting: Funds as Investors and Issuers,” Independent Directors Council’s Fund Directors Conference
Panelist, “SEC Proxy Guidance for Investment Advisers,” Investment Adviser Association Webinar
Presenter, “What Directors Need to Know about Regulation Best Interest and the Standards of Conduct Rulemaking Package,” Mutual Fund Directors Forum
Moderator, “Offshore Regulatory Update,” Practising Law Institute’s Global Asset Management 2019
Prior to joining Stradley Ronon, Sara was Deputy Chief Counsel and Associate Director at the U.S. Securities and Exchange Commission in Washington, DC. Sara worked at the SEC for 21 years, including 17 years in the Division of Investment Management focusing on issues under the Investment Company and Investment Advisers Acts of 1940. While in the Division, Sara supervised the provision of significant legal guidance to the investment management industry through no-action and interpretive letters, exemptive applications, IM guidance updates and other written and oral means. For many years, Sara also led the Division's international efforts, including numerous IOSCO and FSB work streams, such as private fund manager and non-bank systemically important financial institution oversight. She spoke on panels for the International Bar Association and ICI Global.
Sharanya Mitchell is Senior Vice President and Senior Global Regulatory Counsel of Cohen & Steers, a publicly-listed and diversified asset manager with offices in US, UK, Ireland, HK and Japan. Based in New York, she advises domestically and internationally, including advising management and boards on trends while offering pragmatic solutions. Sharanya also acts as the Chief Privacy Officer for the global manager.
Prior to joining Cohen & Steers, Sharanya advised on financial regulation for a wide variety of financial entities while at the law firm Davis Polk & Wardwell, LLP, and acted as counsel at the New York Stock Exchange in New York. Prior to her time in New York, she spent time in London advising on financial regulation in-house at Banque AIG, the investment bank, during the financial crisis. Earlier in her career, she also advised on policy at Her Majesty’s Courts Service in the Ministry of Justice in London.
Sharanya holds a Master of Laws from Columbia Law School with honors, a Bachelor of Laws (Honors) from University of London, an Executive Education Diploma in Capital Markets, Regulation and Compliance from Henley Business School and FINRA International, and a Bachelor of Psychology (Honors) from University of New South Wales.
Sharanya is also an active member of the Institutional Investors Legal Forum, the Investment Company Institute (domestic and global), and the Association of the Bar of the City of New York (serving as a member of the European Affairs Committee and the Compliance Committee), as well as a member of the New York bar.
Based in Washington, D.C., Julien Bourgeois focuses on the asset management industry, advising U.S. registered investment companies and their directors, as well as their investment advisers and other service providers, on regulatory, compliance, governance and enforcement matters. Mr. Bourgeois enjoys working on complex projects involving multidisciplinary advice. Mr. Bourgeois has experience with all aspects of investment company representations, including: board matters; exemptive applications; initial and ongoing registrations; complex fund reorganization transactions; affiliation considerations; and structuring funds of funds, manager of managers funds and registered funds using alternative investment strategies and fee arrangements.
He also represents global asset management groups on U.S. matters that apply to them - under U.S. federal and state securities laws or otherwise. He assists them with forming and integrating their U.S. business, using U.S. subsidiaries in order to manage U.S. assets or offer investment products in the United States. He has extensive experience in working on global compliance approaches and is an expert in advising asset managers on ESG matters.
Ms. Hoopes is responsible for Foreside’s international business and product expansion to support Foreside’s non-U.S. clients. She regularly assists non-U.S. asset managers to navigate the U.S. and design successful approaches for entering the market. She also works with U.S. managers to help them understand the differences between U.S. and non-U.S. distribution and compliance matters. She recently returned from a posting in London where she opened Foreside’s first European office. Ms. Hoopes also serves as General Counsel for Foreside and is responsible for providing assessment, oversight and management of, and counsel on, all legal issues, risk exposure, and regulatory compliance for Foreside and its 24 subsidiaries, including 20 registered broker-dealers. Ms. Hoopes has particular expertise in the intersection of fund distribution and regulatory compliance obligations.
Ms. Hoopes has served on multiple FINRA committees as both an elected and appointed member and presents regularly at conferences and on webinars on broker-dealer, fund and asset manager matters. She holds a Bachelor’s degree from Yale University and a J.D. from Northeastern University School of Law.
Bruce Karpati joined KKR in 2014, is a Partner of the Firm, and serves as Global Chief Compliance Officer and Counsel. Prior to joining KKR, he was the Chief Compliance Officer of Prudential Investments, the mutual fund and distribution business of Prudential Financial. Mr. Karpati was previously the National Chief of the SEC’s Asset Management Unit which he co-founded. In this role, he supervised a staff of 75 attorneys, industry experts, and other professionals. Mr. Karpati joined the SEC as a staff attorney in 2000, was promoted to Branch Chief in 2002, Assistant Regional Director in 2005, and Co-Chief of the SEC's Asset Management Unit in 2010. In 2007, he founded the SEC’s Hedge Fund Working Group, a cross-office initiative to combat securities fraud in the hedge fund industry. Mr. Karpati is on the Board of NSCP, and also serves as an adjunct professor at Fordham University Law School. He began his career in private practice at Dechert LLP. Mr. Karpati earned his JD cum laude from the University at Buffalo Law School, and his Bachelor’s degree cum laude in International Relations from Tufts University.
Michaela Walker is the head of the asset management and regulatory team at Eversheds Sutherland. She has more than 25 years’ experience of advising asset managers, depositaries, custodians, administrators, charities, pension schemes and other financial institutions on regulatory and product related work. She regularly advises clients on the structuring and establishment of investment funds, both onshore and offshore, the regulation of investment funds and their operators and asset management firms more generally. Michaela has been involved recently in advising clients on the impact of COVID 19 on asset management businesses, as well as advising firms on upcoming legislative changes relating to climate change and sustainability and on products with ESG characteristics. She also advises on the impact of Brexit and other key regulatory changes. She regularly contributes to industry publications and speaks at seminars and is named as a leading individual in Legal 500 and Chambers.