Derivatives Portfolio Management(DPM), the hedge fund administrator, has appointed Joseph G. Fallon as General Counsel. It is a new position.
Robert M. Aaron, Chairman and CEO of DPM, says Fallon is responsible for protecting the company’s legal interests worldwide and maintaining its operations within the scope established by law.
“DPM’s substantive growth over the past year led us to create the position of an in-house General Counsel, and we are fortunate to have Fallon join in this capacity,” says Aaron. “Joe is a proven expert in both technology and financial services law and will be instrumental in protecting and advancing DPM’s business lines and strategic plans as we continue to grow worldwide.”
Fallon was previously Corporate Counsel at RCN Corporation, a provider of bundled communications services, where he structured and negotiated agreements for strategic alliances and joint ventures and was responsible for a wide-range of legal issues.
Prior to his employment with RCN, Fallon was Corporate Counsel at Samsung America, where he was the sole in-house counsel for the multi-national corporation. Fallon also brings several years experience in the financial services industry, including legal work for the alternative investment industry, advisory work for the US Department of Energy, and internships at the CFTC and the SEC.
Fallon earned his J.D. from The Catholic University of America Columbus School of Law and a B.A. from C.W. Post College. He is a member of the Bar in New Jersey, New York and Pennsylvania.
“I am delighted to join DPM in the midst of its impressive growth,” says Fallon. “I look forward to helping DPM meet the opportunities and challenges presented by the clients we serve in the rapidly expanding alternative investment industry.”
Last year, DPM announced business partnerships with Putnam Lovell, S3 Asset Management in the United States and with Tennyson Capital Partners, a London-based hedge fund advisory. DPM also has a strategic business alliance with Daiwa Securities Trust and Banking (Europe) plc (DSTBE), in order to provide administrative services to the Dublin-based DSTBE client group. DPM, which was established in 1993, currently provides services for more than $18 billion of assets. Headquartered in Somerset, New Jersey, DPM has offices in Georgetown, the Cayman Islands, Nassau, the Bahamas, and London, England.