Towers Fiduciary has an offering tailored around the needs of the enterprises that we serve and our appointments are individually fostered. As the complex for independent directors changes Towers Fiduciary aims to assist industry participants in optimizing their fund governance models.

Marc Towers, the Founder of Towers Fiduciary is resident in Singapore, is licensed by the Cayman Islands Monetary Authority under the Directors Registration and Licensing Law (2014), approved by the Commission de Surveillance du Secteur Financier (CSSF) to act as a director of Luxembourg UCITS and is subject to ongoing regulatory obligations.

Towers Fiduciary understands the dedication required for each appointment and limits engagements to ensure that there is suitable time to devote to their fiduciary obligations. Marc’s approach is to be a very accessible director with a commitment to be available to provide strong corporate governance oversight and providing a resource which can be leveraged. As a full time professional director who manages his capacity conservatively Marc is readily available to respond as required.

Marc counsels clients on industry best practice, seeking to add value gained from his wide-ranging background in financial markets with experience in investment banking, investment management, corporate governance, fiduciary services, risk-management, hedge fund due diligence, investment structuring, capital raising, compliance, audit, financial control, middle office, tax and law. Marc has significant practical, first-hand involvement with the multifaceted aspects of potential fund issues having exposure to hundreds of fund launches, restructurings, wind downs, gating and suspension issues.

We understand the need to address matters relevant to the avoidance of conflicts of interest, the operational risk framework, risk management, regulatory challenges, counterparty risk and treating investors fairly.

We ensure board meetings are held regularly throughout the year, planned for, agenda’s distributed in advance and professional minutes are taken of such meetings. We meet with managers and service providers regularly in person outside of the formal board meetings to support the enterprise and fulfil responsibilities and fiduciary duties.

Demand for experienced and professional fund governance and independent fund directors has become the standard for investment funds. Investors demand that funds have a robust corporate fund governance framework to provide over-sight of service providers and ensure that investment managers perform their role in accordance with investment guidelines and to prevent and detect fraudulent activity. At Towers Fiduciary we provide guidance to managers on implementing best practices for funds so they can demonstrate this to investors and other stakeholders.

Essentially, this approach aligns and supports a fund offering and its marketability to investors with the crucial oversight, control and support that is valued by all stakeholders.