Richard Butt

WORK HISTORY

EDUCATION

SKILLS

ABOUT RICHARD BUTT

Senior financial services executive with proven track record of accomplishments in general, operational & financial management roles with solid business foundation developed at many global investment management firms. Demonstrated success in long only, hedge funds and CTAs/CPOs. Lead start up / early stage asset management entities to significant AUM growth and revenues:•Lead launch of fund and trust vehicles for a global asset manager in multiple jurisdictions leading to an increase in AUM from $600M to $4.2B in 2.5 years•Developed middle and back office operations and associated technology to support a commodity pool business which grew from start up to $1.2B in AUM in less than 3 years•Developed the operational framework to support a 3rd party administrator growing to over $15B in assets under administration in less than 4 yearsImproved operating performance through productivity enhancements, installation of new IT & cost focus:•Successfully renegotiated contracts with key suppliers resulting in annual savings of 25%•Installed front, middle and back office systems resulting in $1M in reduced costsLed distressed companies to improved performance through operational restructuring:•Converted accounting and transfer agency systems to server based technology allowing revenue to grow over 100% in the subsequent 3 year period•Engineered the sale of commodity pools out of bankruptcy with total AUM in excess of $150M•Responsible for over 20 RFPs for new IT to support front, middle and back office operations; streamlining operations and providing high quality data to investment professionalsManaged regulatory framework, audit process and internal DD to minimize financial, operational and compliance risk•Lead internal teams through SEC, IRS, FINRA and NFA audits with no material weaknesses •Managed 100s of independent audits of investment products domiciled in numerous jurisdictions resulting in audit opinions with no material weaknessesSpecialties: General Management • CFO• Chief Operations Officer • Process Improvement • Fund Accounting and Administration • Fund Expense / Cost Reduction • Strategic Planning • Turnarounds • IT Development and Implementation • Investment Product Development • Risk Management • Transfer Agency and Investor Relations • Product Distribution • Fund Liquidations • M&A • Operational and Financial Due Diligence • Compliance • Strategic Planning • Fund Board Support and Management