Trium Ireland hires risk specialist as demand for ManCos accelerates
Trium Ireland, a full scope AIFM and UCITS Management Company (ManCo), has hired risk specialist Shauna Brady, as it seeks to capitalise on the increasing demand for the structuring of UCITS and AIF solutions.
In her new role as vice president of risk, Brady will draw from her rich and varied background of asset management, governance, and regulatory experience. Based in Dublin, Brady will support Trium Ireland as it deepens its presence in the global fund industry and bolsters its operations in the capital over time.
Third-party ManCos are taking centre stage in the Irish fund industry, as the popularity of self-managed investment companies (SMICs) wanes. The move to ManCos has been driven by a confluence of factors, prompting an increasing amount of asset managers to move away from SMICs.
Before taking up her role at Trium, she was a trader at BlackRock. She also held a portfolio management and monetary policy position at the European Central Bank. Prior to that role, she worked on asset management and investment strategy at BNP Paribas.
Brady will report to head of risk at Trium Ireland, Jamie Murphy, and assist clients in navigating risk and regulatory compliance. Trium Ireland delivers comprehensive solutions to established and emerging investment managers. By analysing individual strategy features and corresponding investor audiences, it works together with clients to create appropriate UCITS and AIF frameworks.
Trium Ireland acts as the main point of contact for the liaison with the Central Bank of Ireland, lawyers and other advisers, the Depositary, and for coordinating matters related to fund governance. Managing the entire fund set up and ongoing running of strategies, Trium Ireland enables investment firms to focus on delivering consistent alpha for clients.
Brady says: “I am excited to join a growing business that is responding to a rapidly changing landscape and supporting clients to evolve their offerings. Alternatives are playing an increasing role in investment portfolios, and I look forward to supporting the team’s effort in deepening our footprint in this space.
“As demand for different fund structures has grown, Trium has applied an agile and personal approach in partnering with firms to oversee regulatory requirements, including risk and compliance monitoring, annual fillings, board meetings, and service provider reviews.”
Trium has established two highly efficient routes to market, offering clients a spectrum of choice. The first is a ManCo fund platform structure allowing managers to ‘plug and play’- thus reducing time to market, while keeping costs under control. The second route, where clients require an increased level of control over the set-up, is a bespoke, personalised option that can include establishing a dedicated fund vehicle with oversight over the key advisers and service providers appropriate to client-specific requirements.”
Andrew Collins, head of Trium Ireland, says: “We are delighted to welcome Shauna on board. She has a unique mix of international asset management and central bank experience that will allow her to successfully steer clients through the complex regulatory and risk environment. She is a natural fit for the team as she understands the governance and macro backdrop, as well as the technical aspects of the evolving alternatives space. At Trium, we not only operate from a strong platform of risk and compliance knowledge, we also deeply understand the alternatives space from an investment point of view.”
Collins sees strong growth ahead for Trium Ireland as it enables clients to adapt to a changing marketplace.
“While the SMIC has historically been the more popular option for structuring in the Irish asset management industry, growing trends and a fast-changing regulatory environment are motivating the boards of directors and promoters of fund structures to reassess their corporate governance models. Further tailwinds for demand have been the Brexit transition and the rise in use of alternatives through UCITS and AIF structures,” Collins adds.