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IPA Elects New Board Members and Appoints Fidelity’s Bill Duffy as Chair-Elect for 2024


We are pleased to announce the election of 11 new executives to our Board of Directors. Beginning in 2024, new and existing directors will be led by Chirag Bhavsar, Co-CEO of CNL Financial Group, who will serve as the 2024 Chair of the IPA. We want to thank Matt Fries, Head of Due Diligence, Cetera Financial Group, for his leadership as the IPA 2023 Chair. Matt will serve as Chair Emeritus in 2024.

We are also pleased to announce the appointment of Fidelity’s Bill Duffy as Chair-Elect of the IPA beginning in 2024. Bill currently serves as Vice President, Alternative Investments, Fidelity Investments. He has served as an IPA Director since 2021 and a member of the Board’s Executive Committee, Advisory Task Force and Defined Contribution Task Force.

New and existing directors will be led by Chirag Bhavsar, Co-CEO of CNL Financial Group who will serve as the 2024 chair.

Please join me in welcoming the following newly elected directors:

Asset Managers

  • Dennis Martin, Managing Director – Global Head of Private Wealth & Client Solutions, PGIM Real Estate
  • Scott Napier, Executive Director, JP Morgan Global Alternatives
  • Jay Frank, President & COO, Cantor Fitzgerald Asset Management
  • Michael Ezzell, President and Chief Executive Officer, Inland Securities Corporation
  • James Hannigan, Managing Director, Client and Product Solutions, Apollo Global Management

Distribution Partners

  • Michael Gaviser, Managing Director, Head of Alternative Investments and Private Markets, Morgan Stanley
  • Patrick McGowan, Managing Director, Head of Alternative Investments and Manager Research, Sanctuary Wealth
  • Peter Schaffer, Vice President, Investment Sales, Avantax Wealth Management

Industry Partners

  • Brian Ruben, Global Real Estate Audit & Assurance Leader, Deloitte & Touche LLP
  • Brendan Cuddihy, Chief Operating Officer, CAIS
  • Michael Keogh, Managing Director, Fund Research and Management, iCapital

They join the following senior industry leaders who continue their work on the IPA Board of Directors:

  • Chirag Bhavsar, Chair, Co-CEO, CNL Financial Group
  • Bill Duffy, Chair-Elect, Vice President, Alternative Investments, Fidelity Institutional
  • Chair Emeritus, Matt Fries, Head of Due Diligence at Cetera Financial
  • Christina Fast Adamson, Partner and Co-Head of Distribution, Ares Wealth Management Solutions
  • Chase Bolding, Managing Director, Invesco Real Estate
  • Nancy Fahmy, Managing Director, Head of Investment Solutions Group, Bank of America
  • Angie Fisher, 1st Vice President, Fund Operations – Partner Solutions Group, CIM Group
  • Thayer Gallison, Senior Vice President of Capital Markets, Head of Product Strategy, Cottonwood Residential
  • Jason Goode, Partner, Alston & Bird LLP
  • Brian Hurley, Managing Partner & General Counsel, Public Securities, Brookfield
  • John McCarthy, Chief Executive Officer, Starwood Real Estate
  • Paul Mumma, Vice President of Alternative Investments, Ameriprise Financial
  • Jerry Pascucci, Managing Director, UBS
  • Sheila Rapple, Senior Managing Director, Global Head of Investor Services, Blackstone
  • Michael Sealy, Chief Strategy Officer, Sealy & Company
  • Chris Shaw, Vice President, SS&C Technologies
  • Steve Snyder, Senior Vice President, Investment Product Management, LPL Financial
  • Brad Sussman, Vice President, Product Development and Research, Alternative Investments, Global Wealth Solutions, Raymond James
  • Dallas Whitaker, Chief Executive Officer, Carter Exchange
  • Patrick Willis, Managing Director and Head of Private Wealth Strategic Partnerships, Blue Owl

I want to thank both our incoming and outgoing Board of Directors for their unwavering dedication and commitment to the IPA. These individuals are representative of the incredible talent and transformational growth we have seen from across the alternative investment industry. Their collective expertise and experience will undoubtedly lead us to new heights of success. I am confident that together, we will continue to make a positive impact in our industry.


Anya Coverman
President and CEO
Institute for Portfolio Alternatives