WASHINGTON, Sept. 18, 2017 /PRNewswire/ — The Investment Program Association (IPA), the primary advocacy and education organization for the portfolio diversifying investments (PDI) industry, today announced it has appointed Anya Coverman as Director of Government Affairs and General Counsel, effective September 25, 2017. In the newly created role, Ms. Coverman will head the IPA’s Washington, D.C. office, working with IPA members and industry partners to collaboratively develop and execute the IPA’s public policy strategy. Ms. Coverman will also direct the IPA’s advocacy and outreach to executive, legislative, and regulatory bodies and officials at all levels of government.
Since 2012, Ms. Coverman has served as Deputy Director of Policy & Government Affairs and Associate General Counsel for the North American Securities Administrators Association (NASAA). In this role, she served as NASAA’s primary liaison and senior policy representative to Congress and the Administration, including the Department of Treasury and Department of Labor, and key federal, state and self-regulatory agencies, including the Securities and Exchange Commission and Financial Industry Regulatory Authority. While at NASAA, she organized and facilitated the association’s internal working groups, including several specially focused on portfolio diversifying investments, including REITs and BDCs.
“Anya’s deep legislative and regulatory relationships and her understanding of the regulatory environment surrounding portfolio diversifying investments will be invaluable in advancing the IPA’s advocacy mission,” said Anthony Chereso, President and Chief Executive Officer, IPA. “With the creation of this new role, the IPA further strengthens its commitment to effective advocacy in state and national legislative and regulatory forums. Anya’s extensive expertise will help the IPA support its members’ mission to offer institutional quality-investment opportunities to the retail investor.”
“For more than thirty years, the IPA has been advancing its role as the leading advocate for the portfolio diversifying investments industry, and I am thrilled to join it at this important point in its history,” Coverman said. “I look forward to working closely with the IPA’s deeply committed board, committees, staff and external advisors as we continue to educate federal and state lawmakers on the unique benefits of portfolio diversifying investments in individuals’ investment portfolios.”
Ms. Coverman received her Juris Doctor from American University, Washington College of Law and holds a Bachelor of Arts in Political Science and International Studies from the University of Miami. Prior to NASAA, Ms. Coverman practiced corporate and securities law at the international law firm Greenberg Traurig in Washington, D.C.
About Investment Program Association
The IPA supports individual investor access to a variety of asset classes with low correlation to the traded markets and historically available only to institutional investors, including: lifecycle real estate investment trusts (REITs), perpetual life REITs, lifecycle business development companies (BDCs), interval and closed-end funds, energy and equipment leasing programs and real estate private equity offerings. These portfolio diversifying investment (PDI) products have been held in the accounts of more than 3 million individual investors. They remain a critical component of an effectively balanced investment portfolio and serve an essential capital formation function for the U.S. economy. The mission of the IPA is to advocate for PDIs through education and public awareness.
Chief Communications Officer
Investment Program Association