[May 16, 2013]

HighWater Welcomes Darren Stainrod

HighWater Limited has raised the mark again with the appointment of Darren Stainrod, former Managing Director of UBS Cayman and Global Head of Alternatives, to its corporate governance team.

Darren has more than 25 years of experience in the alternative investment fund industry, working with the world's largest asset managers and institutional investors. Prior to his 17 years at UBS, Darren was an auditor at both Deloitte and PricewaterhouseCoopers (News - Alert).

"I view the HighWater Group to be the premium boutique shop in the industry. It is evident that both investors and fund managers have confidence in the HighWater approach to corporate governance. This is a highly experienced, yet diverse group of individuals who take their fiduciary responsibilities seriously and have a unique corporate culture that people seek out when selecting their directors."

Mark Fagan has also been promoted to Director. Mark is a Chartered Accountant and CFA Charter holder. Prior to joining HighWater, Mark was an Investment Advisor with RBC Dominion Securities; Portfolio Manager and Performance Analyst at Butterfield Bank and Fund Accountant at HSBC Financial Services and Butterfield Fund Services in the Cayman Islands.

Darren and Mark join the other latest newcomers to the HighWater director bench: Matt Auriemma, formerly Senior Managing Director and Global Head of Operational Risk Management at UBP Asset Management; and Todd Groome, former Global Chairman of AIMA and advisor to the International Monetary Fund.

Managing Director Gary Linford congratulated the two: "We are thrilled that Darren will join us and are pleased that HighWater continues to attract such high quality professionals. Mark has worked tirelessly implementing our business model, extending his understanding of our clients' needs. Mark and Darren have the correct skillset alongside the client-service attitude that we live by."

HighWater provides independent director services and other corporate governance services to hedge funds and global investment managers through the appointment of experienced, professional and truly independent directors. With a diverse portfolio of clients across the Americas, Europe and Asia, covering a wide variety of investment strategies, including hedge funds, fund of funds and private equity, HighWater's success comes from the wide range of industry experience of its independent directors, including regulation, audit, investment allocation and fund due diligence, treasury and banking, fund administration and law.

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