Hamilton Lane has appointed Lydia A Gavalis as general counsel and Frederick W Shaw as chief compliance officer, effective as 1 April.
Robert Cleveland, who served as general counsel at the firm for more than 16 years, will retire at the end of March.
Gavalis (pictured), who had previously served as deputy general counsel, will assume responsibility for all legal affairs globally.
“Bob has been an invaluable part of Hamilton Lane’s success and evolution, and it is with deep appreciation and gratitude that we thank him for his service and wish him well in his retirement,” says Mario Giannini, CEO of Hamilton Lane. “While we will miss having Bob as part of the Hamilton Lane team, we are confident that we will continue to be well positioned to manage the legal and compliance functions under the sound guidance of Lydia and Fred.”
Gavalis previously worked at SEI, where she served for more than 18 years, including for the last 10 years as general counsel of the company’s institutional investors business segment. She was also general counsel for both SEI Private Trust Company and SEI Trust Company; head of SEI’s corporate services legal team; and general counsel of London-based SEI Investments (Europe) Limited.
“I am thrilled by the opportunity to step into this role at such an exciting period of growth and evolution for Hamilton Lane,” says Gavalis. “Fred and I look forward to supporting the firm in its continued commitment to providing investors with access to the global private markets.”
Shaw previously served in the role of director of compliance since joining Hamilton Lane in 2011. Prior to Hamilton Lane, he was chief compliance officer of Natsource, where he managed the firm’s global compliance programme. Earlier in his career, he served in various compliance and supervisory positions at Bear Stearns Asset Management, JP Morgan Private Bank, UBS and Smith Barney.