On the face of it, automation in compliance may sound like an oxymoron. With the exception of investment compliance, where robust systems handle pre-trade and post-trade compliance, and personal trading, many other areas of compliance tend to have fragmented bespoke processes requiring significant manual intervention. In this CutterCast, we examine the degree of automation in different functions within compliance, including the management aspects. We’ll discuss the challenges that asset managers face and the solutions they employ.
Gina McCafferty has 30 years of experience in the financial services industry. She served at Cutter from 1999 to 2011 as Principal and Managing Director of CutterResearch, and she was instrumental in growing that business. Gina returned to Cutter in 2017, and established and ran the company’s Wealth Management research division. In 2019, she was appointed to Head of Research, responsible for Asset Management and Wealth Management product development and delivery to over 200 member firms around the globe. Gina was previously at Investit Ltd., where she served for six years as head of the company’s research service. Prior to that, she held senior positions at DST International with product responsibility for their global accounting and performance measurement systems, and at SunGard as Vice President of Client Services for their securities trading products.
Subramanian brings over 25 years of industry experience in investment management and technology solutions to Cutter Associates, where he heads the Public Funds practice, providing thought leadership, strategic and tactical advice to public pension funds, endowments, and sovereign wealth funds.
In addition to public funds, Shankar has significant experience with buy side asset management firms, insurance firms, across public and private markets. He brings a deep understanding of the full investment life cycle from Portfolio Management and Trading through middle and back office processes and technologies. He is a regular featured speaker at Cutter Associates member events.
Shankar previously held senior consulting roles at PriceWaterhouseCoopers and IBM. Shankar earned his B.S. from the Indian Institute of Technology and his M.B.A. from the Indian Institute of Management.
Kevin Ehrlich is the Chief Compliance Officer and Manager of Regulatory Affairs for Western Asset Management Company, an investment adviser primarily focused on managing fixed-income strategies. Western Asset has offices around the globe and experience across the range of fixed-income sectors. Mr. Ehrlich has been with Western Asset since 2004. Prior to Western Asset, Mr. Ehrlich worked with Legg Mason, Inc. (Western Asset’s parent company at the time) and the Division of Trading and Markets (formerly Market Regulation) at the US Securities and Exchange Commission.
Ashley Mendelsohn joined Vulcan Value Partners in 2018. Prior to joining Vulcan Value Partners, Ashley served as a Senior Vice President at Regions Bank, where she was Chief Compliance Officer for Regions Investment Management and responsible for risk oversight for Regions Wealth Management. Previously she worked for Cook & Bynum Capital Management, where she was Chief Compliance Officer and Director of Fund Operations. Prior to that, Ashley was a Corporate Finance Analyst with the Robinson-Humphrey Company. Ashley holds a Certified Securities Compliance Professional Designation from the National Society of Compliance Professionals and Investment Advisor Certified Compliance Professional designation from NRS. Ashley earned her MBA with a concentration in Finance from the University of Alabama. She also has a BS in History and French with a minor in Markets and Management from Duke University.