"Uniting over three decades of C-suite mutual fund executive leadership, audit expertise, and SEC regulatory acumen to safeguard investor capital."
Accomplished financial executive and independent fund board director with over 30 years of governance, financial reporting, SEC compliance oversight, and operational leadership across registered closed-end funds, open-end mutual funds, BDCs, and ETFs.
CPA (Inactive, NY)
Independent Director & Audit Chair
Franklin, TN & NY Metro
Initiated and spearheaded a comprehensive audit firm search for a $3B closed-end fund complex, executing a seamless transition to a new independent audit partner while strengthening oversight metrics.
Optimized for board search firm due diligence, personal search results, and fiduciary correspondence via MarescaGovernance.com.
Providing registered funds, Business Development Companies (BDCs), and financial enterprises with independent judgment, deep SEC regulatory mastery, and financial reporting oversight.
Direct leadership of independent external auditors, internal control over financial reporting (ICFR), PCAOB standards, and audit fee negotiation.
Proactive guidance on 1940 Act compliance, Form N-CSR, Form N-PORT, and newly enacted SEC modernization mandates.
Extensive executive experience managing financial reporting and administration across diverse investment structures.
Operational review of custodians, transfer agents, fund accountants, and prime brokers to ensure efficiency and control.
How executive operational background translates directly into independent board oversight strength.
| Governance Domain | Operational Proof Points & Background | Boardroom Value Delivered |
|---|---|---|
| Audit Firm Oversight & Transitions | Initiated and executed an audit firm search as Audit Chair for Cornerstone Strategic ($CRF) and Total Return ($CLM) Funds ($3B AUM), resulting in a seamless audit firm transition. CPA (Inactive, NY) and former PwC Audit Senior. | Ensures auditor independence, controls audit fee growth, and maintains rigorous US GAAP / PCAOB financial statement scrutiny. |
| SEC Regulatory Modernization | Served as Chair of the US Fund Regulatory Working Group at Broadridge; architected template solutions for newly enacted SEC Tailored Shareholder Reports. | Reduces compliance implementation timelines and minimizes ongoing distribution and regulatory reporting costs. |
| Alternative & Illiquid Asset Valuation | Led administration platforms at Equiniti and Ultimus servicing BDCs, private debt, and illiquid investment vehicles. | Provides robust board oversight of Rule 2a-5 fair value determinations and pricing agent methodology. |
| Section 15(c) Advisory Review | Former President & CEO of Bear Stearns Funds Management Inc. and CFO of PaineWebber Funds; managed profitability and fee structures. | Evaluates manager performance, profitability, and fee structures with firsthand knowledge of asset manager economics. |
| AI & RegTech Workflow Automation | Pioneering LLM applications and rapid development ("vibe coding") to automate reporting, compliance workflows, and non-profit administration. | Enables proactive board oversight on emerging AI technologies, operational automation, and modern tech risk. |
In addition to independent board directorships, Frank J. Maresca provides specialized strategic advisory services to fund sponsors, financial technology platforms, and asset servicing firms.
Enhancing accounting workflows, transfer agency efficiency, and custodian integration.
Pioneering the application of Large Language Models (LLMs) and AI-assisted rapid development ("vibe coding") to engineer custom administrative, financial, and regulatory compliance applications for both registered investment management complexes and non-profit organizations.
Guiding fund complexes through SEC rulemaking implementation and reporting design.
Evaluating fund administration, custody, and auditing vendor fees and quality metrics.
"As Chair of the US Fund Regulatory Working Group at Broadridge, Frank spearheaded the development of efficient implementation templates for the SEC’s Tailored Shareholder Report rules, lowering execution complexity and cost across hundreds of fund clients."
A distinguished career spanning fund board leadership, fund complex CEO roles, asset administration, and Big Four public accounting.
Lead Independent Director | Audit Committee Chair | SEC Financial Expert
Senior Advisor and Consultant
Vice President – Mutual Fund Business Development
Executive Vice President / Head of Fund Administration
Executive Vice President / Head of Closed-End Fund Administration
Executive Director – Global Equities Division
President & CEO (Bear Stearns Funds Management) | Senior Managing Director
Chief Financial Officer – Mutual Fund Complex & First VP – Director of Fund Administration
Assistant Vice President – Asset Management Group
Audit Senior – SEC Registered Investment Companies
Actively evaluating Independent Director, Audit Committee Chair, and Strategic Advisory mandates for registered investment companies, BDCs, and asset management platforms.
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