Executive Leadership and Team
Avnet is responsible for business development, relationship management and overseeing the execution of all client driven / business focused Compliance and Ethics Risk Management strategic engagements.
Prior to launching CRC, Avnet was a member of Corporate Leadership Group (CLG) at Lincoln Financial Group (LFG) where he was Senior Vice President and Chief Ethics and Compliance Officer, having direct oversight of the company’s anti-money laundering, privacy, ethics and compliance risk management programs. In addition, Avnet maintained responsibility for Lincoln’s entire Compliance and Ethics Technology strategic initiatives, developing and implementing a long term strategic approach to upgrade and modernize the effectiveness and efficiency of Lincoln’s overall Compliance programs. Avnet was a member of the Social Media Governance Committee, having direct influence regarding LFG’s overall strategy toward the enablement and usage of Social Media outlets across the LFG footprint.
Throughout the course of Avnet’s 20-year career in the financial services industry, he has worked for top-tier investment banks, commercial banks and hedge funds such as Wachovia Capital Markets, PNC Bank and D E Shaw, developing an extensive knowledge of both buy side and sell side businesses, with a deep understanding of Equity and Fixed Income Markets, Derivative Instruments, Structured Products and Variable Products, Avnet is the epitome of executive leadership.
Over the past 12 years, Avnet has built Compliance Risk Management programs to support the manufacturing / origination and distribution of proprietary products (closed architecture), as well as source third party products on behalf of customers / client relationships (open architecture). During this time frame, Avnet has served in a leadership role, building and integrating Compliance teams to be a meaningful and sought after component of the business process.
Avnet maintains the Series 3, 4, 7, 9, 10, 14, 24, 55, 63 and 65 securities license designations. He obtained his bachelor’s degree in economics, graduating magna cum laude from the State University of New York at Oneonta.
Mr. Dorsky’s background combines public service in the Department of Justice and work in the corporate sector as well as service in private practice and in the nonprofit sector. He has represented companies in dealings with the DOJ and the Securities and Exchange Commission in arriving at favorable resolutions.
Mr. Dorsky served as Senior Compliance Counsel at Tyco where, as part of the post-Dennis Kozlowski clean-up effort over a five-year period, he developed and implemented global compliance with the Foreign Corrupt Practices Act (FCPA). The company’s highly successful resolution with the Department of Justice and the Securities and Exchange Commission resulted in a Non-Prosecution agreement and no monitor. After the merger of Tyco’s Flow Control Division with Pentair, Mr. Dorsky most recently served as Pentair’s Vice President and Chief Compliance Officer, where he brought its Flow Control division to a successful resolution of its three-year period of self-reporting to the DOJ under Tyco’s FCPA settlement.
At Tyco, he led and oversaw global investigations, and helped conceive and drive the implementation of state-of-the-art compliance initiatives, such as Tyco’s groundbreaking Third Party Management Program.
At Pentair, he was also responsible for developing and leading its global compliance organization, including supervising the worldwide investigations group, overseeing its anti-bribery and anti-trust functions, international trade compliance operational teams, mergers and acquisitions anti-corruption due diligence, the Office of Business Conduct and Ethics (global training and education programs and case management), data privacy, Third Party Management Program, and overseeing a globally-based team of compliance attorneys.
Prior to serving at Tyco and then Pentair, Mr. Dorsky was Compliance Counsel at HBO. Before that, he served as an Assistant United States Attorney in the Department of Justice, for both the Southern District of New York and the Eastern District of New York. He focused on complex criminal investigations and prosecutions of white collar crime and tax fraud, among other areas. Mr. Dorsky made material contributions to the effort to dismantle organized crime in New York, including twice prosecuting the legendary boss of the Genovese Crime Family, Vincent “the Chin” Gigante. He was recognized with two US Department of Justice Director’s Awards for Superior Performance.
Mr. Dorsky began his legal career as an associate in private practice, later served in a federal clerkship with the Honorable Carol Bagley Amon of the Eastern District of New York, and worked with the American Civil Liberties Union.
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David Amster is responsible for CRC’s business development, client relationship management and for supervising the execution of strategic engagements.
David joined CRC in September 2016 from CRT Capital Group LLC, where he served for more than 15 years as Managing Director and Chief Compliance Officer. CRT operated as an institutional brokerage, market-maker and investment bank that specialized in high yield and convertible corporate debt, equities, special situations, capital structure arbitrage, securitized products, U.S. Government securities, debt and equity financings and securities research. As CCO, David managed comprehensive global regulatory compliance programs for CRT’s U.S. broker-dealer unit and its FCA-registered UK affiliate, CRT Capital (UK) Ltd. and served as a member of CRT’s Enterprise Risk Committee, Policy Committee, New Product Committee and Capital Commitment Committee. David also served as Managing Director and Chief Compliance Officer of Harbor Drive Asset Management LLC, CRT’s SEC-registered alternative asset advisory affiliate. HDAM managed Harbor Drive Fund, a special situations-centric hedge fund, Pine Street Institutional Partners LP, a fund of hedge funds, and a variance swap strategy designed for separately managed accounts.
David’s Wall Street career began at Salomon Brothers, Inc., the free-wheeling broker-dealer of Liar’s Poker fame. As the Syndicate Desk Coordinator for the Salomon’s Private Investment Department, David first learned the business from the sales and trading perspective and was immersed in the results-oriented culture of a high-energy trading floor. David then headed to FINRA where, as a Field Examiner, he led comprehensive on-site reviews of the books, records and operations of bulge bracket dealers. After FINRA, David joined UBS Investment Bank, LLC as an Associate Director in its Fixed Income Capital Markets Compliance division with primary responsibility for supporting the firm’s Primary Dealership, Rates and Repo Desks.
David earned his BA in Economics from Binghamton University and his MBA in Finance from Fordham University’s Gabelli School of Business.
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Roland Reyes Director of Professional Services
Roland is responsible for the business development and execution of CRC’s compliance engagements. Most recently, he was Director at Wells Fargo Securities, LLC’s Compliance Department. He was responsible for overseeing the Equity Derivatives compliance program covering Structured Products, Corporate and Equity Derivatives, Convertible Securities, and Equity Finance sales and trading desks.
Prior to Wells Fargo, Roland was at Bear Stearns covering its Equity Derivatives Sales and Trading Desks and JP Morgan’s Compliance Surveillance unit covering its listed options activity. Prior to JP Morgan, Roland worked at Salomon Smith Barney’s Retail Compliance Department helping in the coverage of the company’s large retail options business.
Roland has extensive experience in regulatory, compliance and compliance technology matters in the equity derivatives, structured products and convertible securities space.
Roland has the 7, 63, 4, 24, 55, 3, 8 securities licenses. Roland graduated with a B.A. in Economics from Hunter College, CUNY.
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Robert Maley has 25+ years of experience in Investment Banking, Corporate Finance, Financial Services and Accounting/Finance. From 1994-2015, Robert was a principal at Gilford Securities, a Broker/Dealer registered in New York, serving as President and CEO and Head of Investment Banking from 2005-2015. During his tenure, Robert was responsible for origination, execution and closing of over 100 lead transactions raising more than $2.8 billion for corporate clients. In addition, Robert served as President and CFO of Gilford Financial, a Registered Investment Advisor from 1998-2015. And, prior to joining Gilford, he served in various finance positions at Amphenol Corp., Unitel Corp., and CapCities ABC Corp.
Robert received a B.S. in Accounting from LeMoyne College.
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Jeanine Oburchay has 17+ years of Wall Street experience and 10+ years of experience as an entrepreneur and an industry consultant. Jeanine began her career in the Equity Research Department at Smith Barney, covering special situations. During her tenure on the Street, she also worked in the equity research departments of Oppenheimer, BT Securities and Bear Stearns, covering primarily telecommunications services.
Later, Jeanine moved to the convertible bond market, and worked in the convertible research department at Wachovia Securities. At Wachovia, Jeanine was also a Supervisory Analyst charged with reviewing and approving all written research.
Over the course of her career, Jeanine’s research covered companies from various industries including wireless and wireline telecommunications services and equipment, cable, defense and aerospace, and technology.
Jeanine holds a BS in Finance and an MA in Public Communications from Fordham University, and an MBA from Pace University.
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Portia Amato is a seasoned Compliance Officer, having over 18 years of investment management experience. Over the course of her career, Portia has specialized in compliance, operations and client services for investment advisors and top tier investment banks. Portia also successfully helped to launched two wrap-fee programs for New York Life Investment Management and US Trust.
As a Compliance Officer at Epoch Investment Management, LLC, Portia did extensive work involving Personal Trade Auditing, SEC Exam preparation work, FED Audit, Volcker Rule Conformance, AML, Vendor Due Diligence, various Regulatory filings such as Form PF, Form D, 13H Large Trader, Form ADV, international regulatory filings, Compliance Procedures and Manuals, Employee Compliance Training, as well as many other aspects of Legal and Compliance.
At DRA Advisors, LLC, Portia was hired as the firm’s first Compliance Officer to implement a firm-wide compliance program and to address the SEC’s focus of real estate investment firms. Additionally, Portia instituted a multitude of compliance policies and procedures, completed all required regulatory filings, worked with outside counsel to complete a prior SEC audit, established marketing and website review procedures, liased with IT to create and launch a cybersecurity policy and conducted compliance training for all employees including targeted training.
Portia is enrolled at Western International University, attended Saint Peter’s University, has a Diploma from Dover Business College in Computer Information Specialist and is scheduled to take her Series 65. Portia’s volunteer work includes Commissioner of American Youth Soccer Organization (AYSO) Region 1089 and coaches’ boys and girls ages 4-10. She is also a 4th Grade Catechist at Saint John’s Parish in her hometown and cooks for a local soup kitchen.
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Diana Babic is a regulatory compliance professional with over 11 years of experience working in the finance industry. She has extensive experience developing global compliance monitoring programs and testing procedures, handling licensing and registration matters for registered personnel, preparing regulatory filings for U.S. and non-U.S. regulators, and responding to regulatory examinations from the SEC, FINRA and NFA. Diana previously worked as a Senior Compliance Officer at Cohen & Steers. Diana has also worked at broker-dealer firms and hedge funds in both New York and San Francisco.
Diana holds a Bachelor of Science degree in Political Science from Michigan State University.
Jaclyn Bowdren is an accomplished compliance professional with 10 years experience. Most recently she created, implemented and managed the compliance program for a start-up ATS. Jaclyn has extensive knowledge of the regulatory concerns facing firms focused on electronic trading and specifically firms operating an ATS. She has considerable experience in regulatory reporting and the intersection of technology and compliance. Jaclyn takes an analytical approach to her work, always looking for greater efficiency and the best ways to implement technology for the enhancement of regulatory compliance.
Ms. Bowdren received her Bachelor of Arts in Psychology from the University of Massachusetts, Amherst.
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Scott Brown Prior to joining Compliance Risk Concepts, Scott was employed as a Principal Examiner at FINRA from 2005 to 2016. Scott’s responsibilities at FINRA included sales practice and financial examinations of member firms. Sales practice examinations entailed detailed reviews of member firms’ systems of supervision and control, reviews of policies governing marketing and sales of financial products and services (equities, mutual funds, corporate and municipal debt), and detailed reviews of broker-dealers’ anti-money laundering compliance programs. Financial Examinations involved verification of the accuracy of General Ledgers, Trial Balances, Income Statements, Balance Sheets, Net Capital Computations and FOCUS Filings for a diverse universe of broker-dealers.
Prior to his employment at FINRA, Scott was employed as a Chief Examiner at the Chicago Board Options Exchange (“CBOE”). As the sole representative of the Regulatory Services Division in New York City, Scott was responsible for completion of the Exchange’s annual Designated Options Examining Authority (“DOEA”) commitment in New York City which included sales practice and financial reviews of member firms’ retail, institutional and proprietary options businesses.
Before his time at the Chicago Board, Scott worked for the NASD performing pre-membership reviews and interviews in addition to conducting FOCUS filing reviews and routine financial and sales practice audits of large and small member firms.
Scott received his Bachelor of Arts in Economics from Queens College, City University of New York. He holds the Series 27 (Financial and Operations Principal) License.
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Lilian Colpas is an accomplished compliance professional with over 12 years of global compliance experience, most recently as compliance officer for Harding Loevner in Bridgewater, NJ. Previously, Lilian held roles as a compliance officer for Davidson Kempner Capital Management and AIG Global Investments (now PineBridge Investments). Lilian also worked as a paralegal for Sidley Austin Brown and Wood and AIG.
Lilian has extensive knowledge of the rules and regulations of the Investment Adviser’s Act of 1940 as well as AML Rules and Regulations. Her IA experience includes: developing compliance calendars, conducting 206(4)7 reviews, managing mock SEC exams and mock audits, reviewing marketing literature, annual, quarterly and monthly compliance testing, U.S. and foreign filing requirements, collaborating with IT departments to automate compliance policies, independent testing of AML programs, updating Form ADV, Code of Ethics compliance, employee training. Lilian’s AML experience includes conducting independent AML testing which included an in-depth review of a mutual fund’s AML program, interviewing the AMLCO, reviewing CIPs for required procedures, and conducting OFAC reviews and investigating and closing alerts.
Lilian received her BA in Criminal Justice from DeSales University and Paralegal Studies Certificate from Fairleigh Dickinson University. Lilian proudly served her country from 2002-2010 as a reservist with the US Navy and served one tour of duty in Baghdad, Iraq. Lilian is a former EMT and currently volunteers her time as a driver for Meals on Wheels and as a children’s liturgy leader for her parish.
Christine Horan is an accomplished regulatory compliance professional with over 15 years of experience.She has enjoyed repeated success creating and implementing robust compliance programs for federally registered financial services and private equity firms with both institutional and individual investors. Christine’s considerable experience includes large traditional financial services firms as well as alternative investment firms. Christine’s experience has included client management, program implementation and process improvement. She takes a hands-on leadership approach to her work and is able to balance multiple responsibilities simultaneously. Ms. Horan has spent the last eight years creating new compliance programs and implementing process improvements, which enhances her ability to understand a client’s needs and provide immediate value.
Ms. Horan received her Bachelor of Arts in Liberal Studies from St. Anselm College and her Masters of Science is Criminal Justice from Suffolk University.
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Kaitlyn Gibbs joined CRC in 2017. She is a regulatory compliance professional with 7 years of experience in the financial services industry. Kaitlyn has extensive knowledge of the rules of the Investment Company Act of 1940 and the Investment Advisers Act of 1940. She previously managed compliance processes and performed forensic testing in her role as Compliance Analyst at Welch & Forbes LLC.
She has experience performing annual reviews and risk analyses, regulatory research, as well as Code of Ethics administration. Her primary focus areas include, process implementation and enhancement, cybersecurity, marketing materials review, private equity investment compliance, and investment portfolio compliance. Most recently at CRC, Kaitlyn has performed regulatory research, evaluated compliance programs, and performed annual reviews and risk assessments for investment advisors.
Kaitlyn holds a Bachelor’s Degree in English from Boston University.
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Ashley Latourelle is an accomplished compliance professional with over 12 years of industry experience. Ashley has extensive knowledge of the rules of the Investment Company Act of 1940 and the Investment Advisers Act of 1940. Most recently, Ashley served as a Compliance Officer in the Compliance and Operational Risk Control Department at UBS Asset Management. Her main focus was creating and maintaining a compliance program for the Firm’s Mutual Fund Sub-advisory platform. She provided regulatory guidance to the managers and enhanced the on-site due diligence review process by implementing a risk-based assessment for each manager. She was also instrumental in customizing the compliance training program, which covered core topics such as conflicts of interest, personal trading, private securities transactions, outside business activities, political contributions, gifts and entertainment, code of ethics, privacy and data protection, information barriers and anti-money laundering and sanctions.
Prior to joining UBS, Ashley spent approximately 10 years at Fred Alger Management, Inc. as a Compliance Officer. Her responsibilities included planning, risk-assessment, reviews and forensic testing needed for the annual compliance report; providing regulatory and interpretive guidance to the Investment Advisory and broker-dealer business; conducting trade and communications surveillance; reviewing marketing materials; coding and monitoring of all client investment guidelines and ’40 Act restrictions into the trading system; creating and modifying various policies and procedures; oversight of best execution and compliance reporting to the mutual fund board of directors. She previously worked at Ramius Capital Group, LLC. as an Operations Associate and Portfolio Assistant to the Credit Portfolio Manager and Analysts in a complex fund strategy that held various assets classes consisting of fixed income, equity and derivative securities.
Ashley received her Bachelor of Science in Business Administration from the University of Delaware.
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Emily Roynesdal is a regulatory compliance professional with over 15 years of experience in the financial industry. She previously managed compliance programs in her roles as Compliance Officer at Walton Street Capital and Vice President at Delaware Street Capital.
Most recently Emily has evaluated compliance programs and annual reviews for real estate, private equity and hedge funds. She has experience implementing annual reviews and forensic testing, administering online trading programs and drafting and revising firm policies and procedures. She also has extensive experience reviewing and revising marketing materials for several types of alternative investments.
Emily holds a Bachelor of Fine Arts degree from Drake University.
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Charlene Wilson worked for The PNC Financial Services Group, Inc. (“PNC”) for over 35 years until retiring in 2013. During her career at PNC, Charlene performed financial analysis of departments of PNC Bank, assisted in budget preparation, audited departments of PNC Bank, performed analysis of various acquisition candidates, had responsibility for month end close of over 30 subsidiaries of PNC, prepared and reviewed monthly reconcilements, managed over 10 employees and was the designated Financial and Operations Principal (“FINOP”) for PNC’s numerous broker/dealers.
Charlene has been a licensed FINOP for approximately 25 years. In her role as FINOP, Charlene was responsible for several of PNC’s broker/dealers including both retail and institutional firms and fully disclosed and self-clearing firms. Her responsibilities included filing of FOCUS reports, computation of reserve formula requirements, and preparation of financial statements for year-end audit, review of all reconcilements and general ledger entries and interaction with FINRA and SEC regulators as well as external auditors.
Charlene received her BSBA degree from Robert Morris University and her MBA from the University of Pittsburgh. She was a licensed Certified Public Accountant in Pennsylvania for over 30 years. Charlene currently serves on the FINRA Series 27/28 Qualification Examination Committee.