Gerald Brady

David Sung

David Sung is the partner in charge of the asset management practice in the Pacific Northwest region for Ernst & Young, L.L.P. He has over 26 years of experience in serving the Bay Area investment industry. He is a founding member of the firm's offshore fund committee that focuses in providing uniform and consistent audit services to investment fund clients situated in Europe, Asia, the Caribbean and the Americas. His clients include some of the largest global hedge and private equity funds, as well as start-up funds. He works with management in determining the best organization structure and approaches they should take in starting new funds. He advises clients on various topics including accounting and tax issues, personnel needs, compensation arrangements, back office support, selection of attorneys and prime brokers.

As a member of the California Investment Advisor Committee, he co-headed the successful movement to pass SB 723, which made it clear that simply retaining the services of a California-based investment advisor does not cause a non-resident to be subject to California tax on investment income. Likewise, out-of-state investors are not subject to California tax on their investment income simply because they invest in a California-based mutual fund or investment trust. He received his Bachelor’s Degree in Accounting from the University of San Francisco. He is the treasurer and a member of the Board of Directors of Summer Search and is also a board member of Hedge Funds Care. David is a member of the American Institute of Certified Public Accountants, and the California Society of Certified Public Accountants.

John C Bourbon

John is Chief Executive Officer of Regulatory Affairs with KYCOS, Ltd. (Know Your Customer Outsourced Services). Based in the Isle of Man, KYCOS provides due diligence, anti-money laundering and training services to financial services providers, as well as expertise in international financial regulation and fraud prevention. John is a former banking regulator and an internationally known authority in the fields of compliance and customer due diligence.

John played a key role in the development of the Basel Customer Due Diligence Paper, published in 2001 by the Bank for International Settlements (BIS), the world's oldest international financial organization. The Basel Customer Due Diligence Paper later became the basis of the USA Patriot Act 2001 in the US. In addition to being a paper co-author, John served on the BIS Working Group on Cross Border Banking, a distinguished international committee of banking authorities.

From 2000 until 2002, John held the position of managing director of the Cayman Islands Monetary Authority (CIMA). In this capacity, he was the foremost figure responsible for banking regulation in the world's fifth largest financial centre.

Prior to his arrival in the Cayman Islands, John was head of supervision at the Isle of Man Financial Supervision Commission. Before this he worked for nearly 24 years within the financial services arm of the Barclays Bank Group, becoming compliance officer for Barclays Bank Trust Company Limited.

John holds a Master of Science (MSc) degree in Financial Services Regulation and is a Fellow of both the Compliance Institute (FCol) and the Chartered Institute of Bankers (FCIB). He is a regular speaker at international regulatory forums and lectures at the Isle of Man International Business School.