NEW YORK--(BUSINESS WIRE)--BDO Consulting, a division of BDO USA, LLP, one of the nation’s leading professional services organizations, today announced the appointment of Gary S. Kaminsky as Managing Director in the firm’s Financial Services Advisory practice and Head of Regulatory Compliance, Asset Management and Broker-Dealers. Mr. Kaminsky has 30 years of experience working with asset management companies and broker-dealers on regulatory compliance and infrastructure matters. In this role, he will work with clients to develop a comprehensive approach to regulatory enterprise risk management.
“In the past year, regulators around the globe have placed a focus on transparency—from fees to beneficial ownership—and ramped up enforcement actions against registered investment advisors,” said Carl W. Pergola, Executive Director of BDO Consulting. “Gary’s securities industry knowledge and background as a former regulator will help BDO’s clients address compliance challenges in this demanding regulatory environment.”
“From Dodd Frank to the Alternative Investment Fund Managers Directive (AIFMD), among numerous other mandates, the financial services industry is in the midst of a seismic shift in its approach to compliance,” said Timothy Mohr, BDO’s National Financial Services Advisory Leader. “Gary’s in-depth understanding of how these complex requirements directly impact asset managers and broker-dealers specifically will be invaluable to our alternative investment community.”
“Accelerating regulatory changes have elevated the compliance function to a business imperative,” said Mr. Kaminsky. “BDO’s renowned financial services acumen and industry-driven approach will enable me to assist clients in adjusting to what has become the ‘new normal’ in regulatory demand.”
Mr. Kaminsky has extensive experience assisting clients with a broad range of global regulatory issues, including compliance with Dodd Frank and the AIFMD, increasing U.S. Securities and Exchange Commission (SEC) oversight and enforcement actions, and preparation for examinations and investigations. Prior to joining BDO, Mr. Kaminsky co-founded two alternative asset management companies and led his own regulatory advisory firm. He also served as Chief Compliance Officer and Deputy General Counsel for a global quantitative trading firm. Early in his career, Mr. Kaminsky spent several years in the Division of Enforcement at the SEC.
Mr. Kaminsky received his Juris Doctor from State University of New York at Buffalo, and a Bachelor of Arts in Political Science from the University of North Carolina at Chapel Hill. He is a founding board member of Bloomberg Alternatives Marketing Council and the Carolina Center for Jewish Studies, and also serves on the board of Sports Studio, LLC. He speaks frequently on industry panels about Dodd-Frank regulatory reporting issues and other developing regulatory matters.
About BDO Consulting
BDO Consulting, a division of BDO USA, LLP, provides clients with Financial Advisory, Business Advisory and Technology Services in the U.S. and around the world, leveraging BDO’s global network of more than 60,000 professionals. Having a depth of industry expertise, we provide rapid, strategic guidance in the most challenging of environments to achieve exceptional client service. For more information, please visit www.bdo.com.
BDO is the brand name for BDO USA, LLP, a U.S. professional services firm providing assurance, tax, advisory and consulting services to a wide range of publicly traded and privately held companies. For more than 100 years, BDO has provided quality service through the active involvement of experienced and committed professionals. The firm serves clients through more than 60 offices and over 500 independent alliance firm locations nationwide. As an independent Member Firm of BDO International Limited, BDO serves multi-national clients through a global network of 1,408 offices in 154 countries.
BDO USA, LLP, a Delaware limited liability partnership, is the U.S. member of BDO International Limited, a UK company limited by guarantee, and forms part of the international BDO network of independent member firms. BDO is the brand name for the BDO network and for each of the BDO Member Firms. For more information please visit: www.bdo.com.