OFFICIAL DOMAIN Primary Domain: MarescaGovernance.com
FRANK J. MARESCA
CPA (Inactive, NY) • Independent Director • Audit Chair
Available for Board & Advisory Directorships

Institutional Board Leadership & Fiduciary Stewardship

"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.

Lead Independent Director ($3B+ CEF Complex)
Audit Committee Chair & Financial Expert
Former President & CEO, Bear Stearns Funds
CPA (Inactive, NY) & PwC Audit Senior
AI & LLM Workflow Automation / RegTech Prototyping
Explore Governance Track Record
Frank J. Maresca

Frank J. Maresca

CPA (Inactive, NY)

Independent Director & Audit Chair

Franklin, TN & NY Metro

$3.0B+
AUM Under Oversight
NYSE: CRF, CLM
30+ Yrs
Industry Experience
Fund Operations & SEC
PwC Alum
Audit Background
CPA (Inactive, NY)
1940 Act
Regulatory Expert
SEC Reporting & Rules
Recent Board Impact Highlight

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.

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OFFICIAL EXECUTIVE DOMAIN & COMMUNICATIONS

Establishing High-Credibility Institutional Presence

Optimized for board search firm due diligence, personal search results, and fiduciary correspondence via MarescaGovernance.com.

marescagovernance.com PRIMARY
frank@marescagovernance.com DIRECT
BOARDROOM DIRECTERSHIP & FIDUCIARY SERVICES

Board Leadership & Audit Committee Stewardship

Providing registered funds, Business Development Companies (BDCs), and financial enterprises with independent judgment, deep SEC regulatory mastery, and financial reporting oversight.

Audit Committee Leadership

Direct leadership of independent external auditors, internal control over financial reporting (ICFR), PCAOB standards, and audit fee negotiation.

  • External Auditor Selection & RFP
  • US GAAP & SEC Financial Reporting
  • Internal Controls Integrity
CPA (Inactive, NY) • PwC Alum

SEC Regulatory Stewardship

Proactive guidance on 1940 Act compliance, Form N-CSR, Form N-PORT, and newly enacted SEC modernization mandates.

  • Tailored Shareholder Reports
  • Section 15(c) Contract Reviews
  • Rule 2a-5 Fair Value Oversight
US Regulatory Working Group Chair

Multi-Asset Class Breadth

Extensive executive experience managing financial reporting and administration across diverse investment structures.

  • Closed-End Funds (CEFs) & ETFs
  • Business Development Cos (BDCs)
  • Illiquid & Private Assets
Open & Closed-End Expertise

Service Provider Oversight

Operational review of custodians, transfer agents, fund accountants, and prime brokers to ensure efficiency and control.

  • Vendor Fee & Quality Benchmarking
  • Operational Risk & Cybersecurity
  • Transfer Agency & Clearing Systems
Former Head of Fund Admin

Fiduciary Competency & T-Shaped Governance Matrix

How executive operational background translates directly into independent board oversight strength.

Audit Expert & Lead Director
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.
EXECUTIVE CONSULTING & ADVISORY

Operational & Regulatory Consulting for Asset Managers

In addition to independent board directorships, Frank J. Maresca provides specialized strategic advisory services to fund sponsors, financial technology platforms, and asset servicing firms.

Fund Operations Optimization

Enhancing accounting workflows, transfer agency efficiency, and custodian integration.

AI & LLM Workflow Automation (RegTech)

VIBE CODING & INNOVATION

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.

SEC Modernization Readiness

Guiding fund complexes through SEC rulemaking implementation and reporting design.

Vendor RFP & Cost Benchmarking

Evaluating fund administration, custody, and auditing vendor fees and quality metrics.

ADVISORY MANDATE CASE STUDY Broadridge / Industry Implementation

SEC Tailored Shareholder Reports (TSR) Industry Framework

"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."
SEC Rule 30e-3
TSR Compliance
Cost Reduction
Print & Digital Delivery
Fund Executive Access
Broad Advisory Network
Retain Advisory Services
EXECUTIVE TRACK RECORD

30+ Years of Executive & Board Experience

A distinguished career spanning fund board leadership, fund complex CEO roles, asset administration, and Big Four public accounting.

2020 – PRESENT

Cornerstone Strategic & Total Return Funds

Lead Independent Director | Audit Committee Chair | SEC Financial Expert

$3B+ AUM • NYSE: CRF, CLM
  • Serve as Lead Independent Director for $3 billion NYSE-listed closed-end fund complex (Cornerstone Strategic Investment Fund, Inc. and Cornerstone Total Return Fund, Inc.).
  • Chair of the Audit Committee and Member of Nominating and Corporate Governance Committee.
  • Oversee 1940 Act compliance, investment advisory agreements (15c), fee structures, and audit firm RFP/transition.
  • Successfully initiated an audit firm search resulting in a smooth transition to a new independent auditor.
2022 – 2025

Broadridge Financial Solutions, Inc.

Senior Advisor and Consultant

New York, NY
  • Provided strategic counsel on SEC regulatory compliance and risk management impacting registered investment companies.
  • Analyzed SEC rulemaking impact and advised management on industry best practices and implementation strategies.
  • Partnered with senior fund officials through internally sponsored Asset Management Advisory Boards in the US and Europe.
2018 – 2022

Broadridge Financial Solutions, Inc.

Vice President – Mutual Fund Business Development

New York, NY
  • Chaired the US Fund Regulatory Working Group, delivering regulatory solutions for asset management executives.
  • Architected industry template for newly enacted SEC Tailored Shareholder Reports, increasing efficiency and reducing client costs.
  • Led sales engagements and executive visits to align products with emerging regulatory requirements.
2012 – 2018

Equiniti Fund Solutions, LLC

Executive Vice President / Head of Fund Administration

New York, NY
  • Served as Principal Financial Officer (PFO) & Treasurer for various registered closed-end funds under administration.
  • Specialized expertise servicing Business Development Companies (BDCs) and funds holding private and illiquid assets.
2009 – 2012

Ultimus Fund Solutions

Executive Vice President / Head of Closed-End Fund Administration

New York, NY
  • Served as Principal Financial Officer & Treasurer for various registered closed-end funds.
  • Oversaw accounting, administrative, and compliance infrastructure for closed-end fund clients.
2008 – 2009

JP Morgan Chase & Co.

Executive Director – Global Equities Division

New York, NY
  • Senior leadership role in Global Equities Division following the Bear Stearns acquisition.
1987 – 2008

Bear Stearns & Co. Inc. / Bear Stearns Funds Management

President & CEO (Bear Stearns Funds Management) | Senior Managing Director

C-Suite Leadership
  • Served as President and CEO of Bear Stearns Funds Management Inc. (1992–2008 & 1987–1988).
  • Senior Managing Director at Bear, Stearns & Co. Inc. (2001–2009).
  • Principal Financial Officer and Treasurer of Bear Stearns Funds and various funds under administration.
1988 – 1992

Mitchell Hutchins Asset Management (PaineWebber)

Chief Financial Officer – Mutual Fund Complex & First VP – Director of Fund Administration

New York, NY
  • Served as CFO of the Mutual Fund Complex and Principal Financial Officer / Treasurer of PaineWebber Funds.
  • Directed fund administration, accounting, and SEC compliance for open and closed-end funds.
1984 – 1987

Deutsche Bank Capital Corp.

Assistant Vice President – Asset Management Group

New York, NY
  • Treasurer and Assistant Secretary of a mutual fund complex and a closed-end fund.
1980 – 1984

PricewaterhouseCoopers (PwC)

Audit Senior – SEC Registered Investment Companies

Foundation & CPA
  • Practice specialist in SEC-registered investment companies and financial reporting audits.

Education & Certification

Certified Public Accountant (CPA)
Qualified in State of New York (Inactive)
B.B.A. in Public Accounting
Hofstra University, Hempstead, NY

Governance Affiliations

Independent Directors Council (IDC)
Active Member
Nicsa Committees
Membership & Fund Admin Committees (through June 2025)

Civic & Non-Profit Leadership

HeartShare Human Services of NY
Board Director & Finance Committee Member
Young Musicians of Westchester
Board Director & Treasurer
Non-Profit AI Tooling Innovation
Developed custom LLM-powered administration, budget tracking, and regulatory compliance applications tailored for non-profit governance and operational efficiency.
CONFIDENTIAL BOARD INQUIRIES

Initiate Board & Advisory Dialog

Actively evaluating Independent Director, Audit Committee Chair, and Strategic Advisory mandates for registered investment companies, BDCs, and asset management platforms.

Strict corporate confidentiality maintained.
frank@marescagovernance.com
info@marescagovernance.com
+1 (516) 639-4662
Franklin, TN / NY Metro