The Gemini Companies, which support the formation and servicing of mutual funds, hedge funds, exchange-traded funds, private equity funds and variable annuity trusts, have appointed Brian Privor - formerly of the US Securities and Exchange Commission - as their chief regulatory officer in New York.

In his new job, Privor will help both Gemini and its fund clients’ operations to comply with rules set by not only the SEC but also the Financial Industry Regulatory Authority (FINRA), the National Futures Association (NFA) and other financial regulators.

Privor has 20 years of experience in the industry, with especial involvement in asset management and securities regulation. He spent seven years as senior counsel in the SEC’s Asset Management Unit in the Division of Enforcement, and the past year serving on the US Senate Judiciary Committee investigating financial crimes. While at the SEC, he and the teams under him investigated a broad spectrum of securities-related offences, focusing on both registered and private funds, and helped the SEC's litigators in the federal courts and in administrative proceedings. Before that, he was an associate at the law firm of Morgan, Lewis & Bockius, where he concentrated on corporate investigations, corruption, money laundering, and compliance with various regulators including the Office of Foreign Assets Control.

Gemini conducts/leads compliance reviews for new and existing funds and fund service providers; advises fund boards and managers about regulation; develops/reviews compliance programmes; prepares policies and procedures; and prepares funds and fund advisors for SEC exams. It is a subsidiary of NorthStar Financial Services Group, LLC, which has 875 employees and over US$777 billion in AuM.