Walter Reich is a chartered accountant and has worked for over 25 years in the offshore fund industry. He has resided in the British Virgin Islands since January 2006 after having worked in London for 6 years in a variety of capacities for the Lionhart hedge fund group with USD 900 million under management including CFO, Compliance Officer, Marketing Coordinator and Member of the Management Committee.
Walter Reich is a chartered accountant and has worked for over 25 years in the offshore fund industry. He has resided in the British Virgin Islands since January 2006 after having worked in London for 6 years in a variety of capacities for the Lionhart hedge fund group with USD 900 million under management including CFO, Compliance Officer, Marketing Coordinator and Member of the Management Committee.
Walter Reich graduated Cum Laude from Laurentian University, Canada, with an Honours Bachelor of Commerce degree. He started his professional career in 1992 with KPMG, Canada and is a member of the Institute of Chartered Accountants of Ontario. In January 1995 Walter Reich relocated to KPMG in the British Virgin Islands, where he focused on the offshore hedge fund industry. From there he moved to Citco Fund Services (BVI) Ltd. to head up and manage the set up and administration of international hedge funds.
His return to the British Virgin Islands in 2006, together with experience gained at Lionhart, Citco and KPMG as well as the committees he is a member of allows Walter Reich to offer his services as an experienced, independent and offshore domiciled director/consultant/MLRO to a select number of offshore based funds and management companies domiciled predominately in the British Virgin Islands and Cayman. To facilitate these services he founded Tovel Investments Ltd. & Tovel Consulting Ltd. -both companies formed to provide mind & management, company specific and hedge fund/management related services. In addition to providing these services for a limited number of companies, funds and management companies, Walter Reich currently serves on the executive committee of the BVI Investment Funds Association and as an appointed member of BVI Finance Team Funds, the BVI Financial Services Commission established Securities, Investment Business and Mutual Funds Advisory Committee and is registered as a director under the Cayman Islands Monetary Authority.
Peter Van Zoost resides in Tortola, British Virgin Islands and graduated from St. Francis Xavier University, Canada as the Gold Medalist with a Bachelor of Business Administration degree. He started his professional career in 2001 with SJ McIsaac Chartered Accountant, Canada, focused in the area of public accounting and auditing. Peter is a member of the Institute of Chartered Accountants of Nova Scotia.
Peter Van Zoost resides in Tortola, British Virgin Islands and graduated from St. Francis Xavier University, Canada as the Gold Medalist with a Bachelor of Business Administration degree. He started his professional career in 2001 with SJ McIsaac Chartered Accountant, Canada, focused in the area of public accounting and auditing. Peter is a member of the Institute of Chartered Accountants of Nova Scotia.
In 2006 Peter Van Zoost relocated to Fortis Prime Fund Solutions (Cayman) Limited in the Cayman Islands, where he focused on the preparation of financial statements for the offshore hedge fund industry and thereafter moved to Ogier Fund Administration Services (BVI) Ltd. as a Senior Fund Manager, until Ogier’s Fund Administration business was purchased by Conifer Fund Services Limited. Peter continued as a Senior Fund Administrator with Conifer until joining Tovel Investments Ltd. in late 2009.
Peter has thousands of hours of public accounting and financial statement preparation experience under both US GAAP and IFRS for various complex fund structures. Experience gained as Chartered Accountant and Fund Administrator allows Peter to offer relevant hedge fund experience whether it be directorship, compliance or CFO related services to the limited number of clients he works with and to oversee services relating to financial statement preparation.
Since moving to the British Virgin Islands in 2001 Alessandro Palladino has worked for over 18 years in the offshore fund and pension industry. Prior to moving to the British Virgin Islands he worked in Italy for 2 years as a software engineer for the Chamber of Commerce in Treviso after having graduated from University of Padua with a Bachelor’s degree in Software Engineering.
Since moving to the British Virgin Islands in 2001 Alessandro Palladino has worked for over 18 years in the offshore fund and pension industry. Prior to moving to the British Virgin Islands he worked in Italy for 2 years as a software engineer for the Chamber of Commerce in Treviso after having graduated from University of Padua with a Bachelor’s degree in Software Engineering.
Alessandro Palladino’s background in information technology and software engineering proved to be a natural transition towards developing algorithms for portfolio management trading and risk management systems at Western Capital Management Ltd. (“Western”) which at its peak had over $1 billion of AUM across four offshore funds. From systems and algorithms development, Alessandro Palladino’s keen interest in asset management saw his responsibilities progress to include assistance in portfolio construction, analysis of investment ideas/strategies, execution of trades, reconciliation and risk management of the portfolios of the various underlying funds managed by Western. In 2012, Alessandro Palladino moved to Pension Management Interactive, Inc., (“PMI”) a company established to provide consultancy, management and administration services for pension funds of companies operating out of the British Virgin Islands. At PMI he was responsible for the supervision of management, administration and compliance functions with the latter providing him with insightful experience and understanding of the BVI Financial Services Commission.
Experience and understanding of the funds industry gained at Western and PMI together with his deep interest in a wide remit of investment management strategies allows Alessandro Palladino to offer his services as an experienced, independent and offshore domiciled director/compliance/MLRO to a select number of offshore based funds and management companies. He is approved by the BVI Financial Services Commission as fit and proper to act as Director of licensed entities. To facilitate these services he founded Innovative Management Group Limited in 2012 and joined forces with the Tovel group in October 2015 – all companies established and formed to provide extensive hedge fund and management related services from the British Virgin Islands. Alessandro Palladino holds the ICA International Advanced Certificate in Compliance and has passed the Series 3 NFA exam.
Julie Reich has worked for over 25 years in the banking and fund of funds industry. She has resided in the British Virgin Islands since January 2006 after having worked in London for 5 years in a variety of middle to back office capacities for Key Asset Management (UK) Limited hedge fund group with over USD1 billion under management.
Julie Reich has worked for over 25 years in the banking and fund of funds industry. She has resided in the British Virgin Islands since January 2006 after having worked in London for 5 years in a variety of middle to back office capacities for Key Asset Management (UK) Limited hedge fund group with over USD1 billion under management.
In 2006 Julie’s move to the British Virgin Islands coincided with her acting as Office Manager for Key Capital Management Inc, the BVI based FSC licensed management company of the Key Asset Management group where she liaised with management as well as the various service providers of the Key fund of funds products including auditors, administrators, directors, custodians and shareholders. Prior to working with the Key group, Julie worked for the Bank of East Asia group for 17 years in both London and British Virgin Islands and before that the Bank of Ireland.
Her return to the British Virgin Islands in 2006, together with experience gained at Key Asset Management and Bank of East Asia, allows Julie Reich to offer her services as an experienced, independent and offshore domiciled director to a select number of offshore based funds and management companies.
Simon Hiemstra has resided in Tortola, British Virgin Islands (BVI) since December 2016 and joined Tovel Consulting Ltd. as Client Manager in November 2019 to act as an independent personal director to a select group of investment funds, investment managers and investment companies as well as offering other economic substance related services.
Sijmon Hiemstra has resided in Tortola, British Virgin Islands (BVI) since December 2016 and joined Tovel Consulting Ltd. as Client Manager in November 2019 to act as an independent personal director to a select group of investment funds, investment managers and investment companies as well as offering other economic substance related services.
Prior to joining Tovel, he worked for AMS Financial Group (AMS) in BVI as Group Financial Controller as well as serving as a personal director on boards of investment funds and licensed investment management companies registered in the BVI and Cayman Islands as well as boards of licensed trust companies and investment holding entities. Prior to joining AMS, he worked at Circle Investment Support Services (“Circle”), a mid-tier service oriented boutique fund administrator from 2000 until 2016 as an Account Manager where he was the main contact for clients, banks, brokers and external auditors and responsible for reviewing all NAV calculations and related reporting. In 2008 he was tasked to set up a client service office for Circle in Bratislava, Slovakia where in addition to continuing to act as Account Manager he acted as local Managing Director. In 2015 he became Manager of Reporting for the Circle group and was responsible for financial, regulatory and tax reporting services. Prior to joining Circle, he worked three years for Citco Fund Services in Amsterdam as a Fund Administrator and prior to that for two years with Rabobank in its credit risk department.
He studied Financial Business (Agricultural) from Hogeschool Van Hall Larenstein – VHL University of Applied Sciences, the Netherlands where he received a Bachelor’s Degree. In 2020 Sijmon completed the Financial Services Institute – Introduction to Compliance course at H. Lavity Stoutt Community College in BVI.
Zak Jelusic is member of both Chartered Professional Accountants of Ontario and the CFA Institute, and has resided in the British Virgin Islands since 2018. Upon moving to BVI from Canada, Zak worked at BDO leading audits of funds, captive insurance companies and trust companies, among others. He later moved to Rawlinson & Hunter where he provided accounting, administration and fiduciary services to a portfolio of companies and trusts.
Zak Jelusic is member of both Chartered Professional Accountants of Ontario and the CFA Institute, and has resided in the British Virgin Islands since 2018. Upon moving to BVI from Canada, Zak worked at BDO leading audits of funds, captive insurance companies and trust companies, among others. He later moved to Rawlinson & Hunter where he provided accounting, administration and fiduciary services to a portfolio of companies and trusts.
Before moving to the BVI, Zak’s professional experience included accounting, tax, and investment management. Zak holds a Bachelor of Business Administration from Wilfrid Laurier University and Master of Business Administration in Global Asset and Wealth Management from Simon Fraser University. The combination of Zak’s professional experience, extensive educational background and decision to join the Tovel Group’s directorship platform in early 2022 gives him the ability to offer fiduciary focused services including mind and management as well as economic substance related services to a variety of companies including investment management companies and funds.