Operational Due Diligence Expert

Michael A. Paciullo **** Maple Lane New Hyde Park, NY 11040 516-***-****

ac0v6k@r.postjobfree.com

The Archstone Partnerships, New York (2014-2017)

Director of Operations

Performed operational due diligence on prospective and current hedge fund managers in the Archstone Portfolios.

Worked closely with COO on key initiatives including the launch of a ’40 Act Fund for Accredited Investors.

Managed the monthly trading process with custodians and administrators.

Responsible for the implementation of cyber security initiatives at Archstone.

Identified and maintained relationships with third party service providers utilized by Archstone. Sought out new vendor solutions as well as competitive pricing. Negotiated a reduction in custody fees with one of Archstone’s custodians.

Participated in due diligence meetings with current and prospective investors.

IAM Limited LLC, New York (2011-2014)

Global Head of Operational Due Diligence and CCO

Responsible for operational due diligence on over 65 hedge fund investments located in the US, Europe, and Asia.

Manager of 1 direct report in NYC, and 2 direct reports in London.

Conducted operational reviews of service providers including fund administrators.

Held veto power over any new or existing investments deemed to be operationally unsound.

Chief Compliance Officer for the US office of IAM.

Pioneer Alternative Investments, New York (2009-2010)

Global Head of Operational Due Diligence

Responsible for operational due diligence on over 40 underlying hedge fund managers.

Conducted semi-annual operational reviews on hedge fund managers in PAI portfolios.

Manager of 2 direct reports located in NYC and London.

Member of the PAI Investment Committee.

Held veto power over any new or existing investments deemed to be operationally unsound.

Performed fund operating document reviews as well as audited financial statement reviews.

Deutsche Bank, New York (2006-2009)

Director of Operational Due Diligence, DB Advisors Fund of Funds.

Responsible for operational due diligence on over 100 hedge fund managers in the fund of funds complex.

Met with COOs and CFOs of hedge to assess operational infrastructure.

Held veto vote over any new or existing investments deemed operationally unsound.

Lead extended team of 5 individuals including one direct report who review audited financial statements and fund operating documents.

Coordinated background checks on prospective fund managers.

J.P. Morgan Chase, New York (1998-2006)

Vice President, J.P. Morgan Alternative Asset Management. Responsible for Operational Due Diligence for the fund of funds business at J.P. Morgan.

Conducted onsite visits of over 100 underlying hedge fund managers globally that are in the JPMAAM complex.

Performed review and assessment of entire operational infrastructure including trade process flow, valuation procedures, monthly NAV reporting, cash and collateral controls, and disaster recovery plans.Lead an extended team of 4 operations and accounting professionals that perform fund operating document reviews and audited financial statement reviews.

Reported findings to investment committee and make recommendations on prospective investments based on our findings.

Vice President, J.P. Morgan Private Investments. Responsible for project management and internal vendor oversight, including middle office and technology. Ensure that the operational and technology needs of the Private Investments business are addressed to foster the growth and expansion of the alternative assets division of the Private Bank.

Acting COO of J.P. Morgan Private Investments. This business unit within Global Private Banking has over $14 BN in assets under supervision invested in alternative vehicles including Private Equity, Hedge Funds, and Exchange Funds.

Worked in the following areas: administration, financial / budgets, compliance/regulatory, risk management, operational due diligence, management reporting, technology initiatives, business process re-engineering, internal vendor management, internal training and quarterly board meetings.

Provided project management and business process re-engineering for the structured investments of JPMPI: currently 90+ investments generating $175MM in annual revenues. Projects include all aspects of operating the investments: private placement controls, commitment and subscription processing, legal closings, investment and limited partnership accounting, reporting/statements, fees/receivables, regulatory/legal, audit, and liquidations.

Served as business liaison for technology and communicate all functional enhancements required for the business website, https://privateinvestments.jpmorgan.com, a web-based, internet deployed tool to over 1400 users, designed to provide marketing/ investor servicing workflow and knowledge management for Hedge Funds, Private Equity, Exchange Funds and other alternative assets. Viewed by management as a key reason for the rapid expansion of this strategic business for the Private Bank and the tripling of revenues in just 2 years.

Monitored and reviewed business and operational risk, utilizing the Firm’s Horizon application for Control Self-Assessments (CSA).

Directed all UAT testing of the business website.

Vice President, Equity Finance. Provided scope definition, cost benefit analysis, project management and relationship management for the Equities Finance Desk at JP Morgan Chase.

Manager of 7 direct reports including business analysts and application developers.

Responsible for the accurate and timely operation of the stock borrow/loan suite of applications employed by over 25 users globally in the front and middle office.

Completed the successful rollout of a new stock/borrow loan system in 2001 that enabled straight-through processing of P&L to the general ledger.

This project was completed on time, on scope and on budget.

Utilized Equities Technology full project lifecycle methodology.

The project achieved 90% CMM (Capability Maturity Model) Level 2, representing a project management process of high caliber and repeatability. Achieved full CMM Level 2 certification in November 2001.

Vice President, Global Asset Management. Member of the Project Management/Business Systems Analyst group for the Global Institutional Asset Management, Chase Alternative Asset Management, and Private Client Asset Management areas at Chase. Part of a team of 13 business analysts (NY, London) helping to implement major initiatives in the following areas: Global Portfolio Accounting, Partnership Accounting, Order Management, Web-based intranet applications, Risk Management/Compliance, Performance Measurement/Attribution, Client Reporting, Marketing, Relationship Management and Trade Processing.

Project manager for the implementation of the Charles River Development trade order management and compliance system within Global Asset Management and Private Banking.

Manager of a 12-person team for this $2 million global project. Team members included representatives from portfolio management, trading, compliance, administration, and senior management.

Utilized a full project lifecycle methodology.

Gathered functional requirements from various business units within Global Asset Management and Private Banking to identify vendor candidates for the trade order management software.

Prepared project plan for the analysis, design and construction, implementation, user acceptance testing and Y2K testing of the software.

Planned rollout of software to over 200 users in various locations, including New York, London, and Hong Kong.

Managed a project for the improvement of data integrity in the GIM II portfolio management system.

Promoted to Vice President within 8 months of joining the firm.

RM Consulting, New York (1996 – 1998)

Partner. Systems consultant to businesses providing implementation and upgrading of hardware, software, and networking.

Hardware projects included LAN applications, Internet connectivity, and systems optimization.

Software projects included the implementation and configuration of accounting and inventory management applications.

Fuji Securities, New York (1995 – 1996)

US Government Securities Trader.

Part of a two-person trading desk trading Treasury STRIPS along with other instruments for customer book. Traded positions ranging up to $250 million in assets

Arbitraged cash and futures markets for proprietary book.

Co-developed spreadsheet-based proprietary trading model used to find undervalued and overvalued securities.

Chase Securities, New York (1991 – 1995)

US Government Securities Trader.

Traded positions ranging up to $200 million in assets. Sole manager of portfolio of up to $2.5 billion in securities. Traded CBOT futures, options on futures and cash instruments in the 10 to 30 year sector of the yield curve. Arbitraged cash and futures markets.

Utilized proprietary analytics to identify arbitrage opportunities. Developed and implemented methodology for measuring and managing exposure of fixed income portfolios to risks including market direction (duration and convexity), yield curve slope and interest rate volatility.

Instrumental in the development and marketing of structured transactions linking Treasury STRIPS with other Treasury securities, thereby producing positive yield spreads to on-the-run Treasuries while mimicking their cash flows.

Participated in intensive four-month training program that included sales and trading of products such as foreign exchange, interest rate swaps and options.

First Boston Corporation, New York (1987 – 1989)

Analyst.

Allocated MBS collateral to CMO deals.

Assisted in the development and implementation of an automated allocation system.

Worked closely with the MBS trading desk (FNMA, FHLMC, CMO, IO/PO) to efficiently allocate collateral to MBS trades to maximize profitability.

Education: Columbia University Graduate School of Business. MBA, Finance, 1991

Columbia University School of Engineering. B.S., Industrial Engineering, 1987.

Other: Frequent speaker at leading hedge fund industry conferences including GAIM OPS Cayman and GAIM OPS Europe

Successfully completed NASD Series 7 test.

SEI-CMM Level 2 Certified.

Completion of Six Sigma Champion Training Course.

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