DMS Ireland Debuts at Hedge Fund Conference

DUBLIN, Nov. 9, 2010 /PRNewswire/ -- Don Ebanks, Managing Director of dms Management (Ireland) Limited (DMS), was recently invited to participate in the panel discussion on "Conducting Due Diligence on the Board of Directors", at the 2nd annual GAIM Ops Europe conference in Dublin. The conference brought together global leaders in hedge fund operational due diligence, risk management and compliance, and provided an ideal platform to present issues seen from the vantage point of the global leader in hedge fund corporate governance.  

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Mr. Ebanks commented, "I was pleased to contribute to this discussion, especially as my focus was on the evolving practices with respect to due diligence on hedge fund directors. Due diligence on directors has transformed beyond a limited number of questions asked infrequently, through 'check-the-box' questionnaires to the more in-depth process that we are seeing today. Onsite visits and more extensive interviews seeking observable and measureable contributions to fund governance are the emerging best practices that we strongly support and practice. As transparency continues to be emphasized in the hedge fund industry, it is critical that the transparency practices of fund directors evolve as well.  Today, directors should be able to clearly demonstrate how they are discharging their duties and responsibilities to the fund, in a specific, observable and measurable manner."

Mr. Ebanks recently relocated to Dublin to lead the European office of DMS. He has extensive background in regulatory enforcement having served formerly as the Head of Compliance of the Cayman Islands Monetary Authority, where he established the Compliance Division, and the Managing Director of the Insolvency and Restructuring practice of Ernst & Young. "My experience has given me a detailed perspective on the critical challenges that directors often face, and the importance of the right people with the experience and willingness to execute this important role," Mr. Ebanks commented.

dms Management is the largest management firm headquartered in the Cayman Islands focused on serving the hedge fund industry.  Its principals serve as independent directors, advise hedge funds in distressed conditions, structure and service offshore hedge fund business solutions. With 12 directors and more than 50 industry professionals leveraging proprietary leading-edge technology, DMS is the most professional firm in fund governance and is internationally recognized as the industry leader. For more information, visit www.dmsmanagement.ky.

For more information on this press release please contact Nainna Leader, Business Development, at 345-749-2570 or [email protected].

SOURCE dms Management Ltd.

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