Experienced Judgment. Practical Board Leadership.
Frank J. Maresca is a Lead Independent Director and Audit Committee Chair overseeing $3B+ in NYSE-listed registered closed-end fund assets (symbols: CRF and CLM). Drawing on experience as a Fund Complex President and CEO, PwC Audit Senior, and Broadridge Senior Advisor, he works collaboratively with boards and leadership teams to strengthen fiduciary oversight, navigate 1940 Act requirements, and thoughtfully apply AI-enabled RegTech solutions.
Board and Advisory Capabilities
Broad Perspective, Deep Technical Experience
A practical combination of broad governance experience across fund structures and focused expertise in SEC compliance, accounting, financial oversight, and RegTech innovation.
Broad Boardroom Perspective
Audit & Financial Expert
More than 30 years of audit and financial oversight experience, including PCAOB external auditor transitions, SEC Form N-CSR and N-PORT filings, and internal control over financial reporting (ICFR).
- NYSE Audit Chair ($3B AUM)
- Former PwC Audit Senior
- CPA (Inactive, NY)
SEC Regulatory Execution
Chaired the US Fund Regulatory Working Group at Broadridge, with experience in SEC Tailored Shareholder Reports (TSR) and Rule 2a-5 fair-value oversight.
- TSR Industry Template Architect
- Rule 2a-5 Pricing Designee Oversight
- Section 15(c) Fee Benchmarking
RegTech & AI Automation
Hands-on experience creating custom LLM administrative tools, automated compliance monitors, and practical prototypes for fund and non-profit compliance and administration.
- LLM Workflow Prototyping
- Board Oversight Disclosure AI
- Civic & Non-Profit App Creation
Leadership Experience
A Career Built Across Boards, Funds, and Financial Services
More than 30 years of leadership across fund boards, executive management, fund administration platforms, and a leading global accounting firm.
Independent Director, Audit Committee Chair & Financial Expert
2020 – PresentServe as Lead Independent Director for a $3B NYSE-listed closed-end fund complex, chair the Audit Committee, and serve on the Nominating and Corporate Governance Committee. Responsibilities include oversight of Investment Company Act compliance, 15(c) advisory contract reviews, and shareholder communications. Initiated an audit firm search that led to a seamless external audit firm transition.
Senior Advisor & Vice President - Mutual Fund Business Development
2018 – 2025Advised clients and colleagues on regulatory compliance, risk management, and the implications of SEC rulemaking. Chaired the US Fund Regulatory Working Group, convening fund executives and service providers, and developed efficiency-focused templates for SEC Tailored Shareholder Reports (TSR) that substantially reduced industry delivery costs.
Executive Vice President / Head of Fund Administration
2012 – 2018Served as Principal Financial Officer (PFO) and Treasurer for registered closed-end funds under administration, with a focus on Business Development Companies (BDCs) and alternative fund products holding illiquid and private investments.
EVP / Head of Closed-End Fund Administration
2009 – 2012Led closed-end fund administration operations and served as Principal Financial Officer and Treasurer for multiple fund administration clients.
President & CEO / Senior Managing Director
1987 – 1988 & 1992 – 2008As Chief Executive Officer, oversaw mutual fund operations, fund accounting, legal compliance, and PFO responsibilities across the Bear Stearns fund complex.
CFO - Mutual Fund Complex & First VP / Director of Fund Admin
1988 – 1992Served as Chief Financial Officer and Treasurer for the PaineWebber Funds and fund administration clients.
Audit Senior - Practice Specialist
1980 – 1984Worked as a practice specialist conducting statutory audits for SEC-registered investment companies, mutual funds, and asset management institutions.
Interactive AI RegTech Suite
Demonstrating practical AI applications for board candidate matching, grounded SEC regulatory search, structured risk matrices, audio synthesis, and visual generation.
Board Candidate Mandate Matcher
Evaluates search specifications and generates an executive board alignment briefing using Gemini 3 Flash.
Community and Non-Profit Service
Bringing Governance Experience to Mission-Driven Organizations
Supporting mission-driven organizations with disciplined financial oversight, collaborative board service, and thoughtfully designed AI-assisted workflows.
HeartShare Human Services of NY
HeartShare Education Center
Provide financial oversight, audit guidance, and fiscal stewardship for one of New York's largest human-services non-profit organizations, which supports individuals with intellectual and developmental disabilities.
Young Musicians of Westchester
Oversee financial reporting, Form 990 compliance, donor fund accounting, and board budget approvals for an educational arts non-profit that supports young musical talent.
Long Island Artificial Reef Society
Oversee financial reporting, Form 990 compliance, donor fund accounting, and board budget approvals for a non-profit that creates new artificial barrier reefs in the Long Island and NY Metro waterways.
Start a Confidential Conversation
Frank welcomes confidential conversations regarding selective Independent Director, Audit Committee Chair, Advisory Board, and senior consulting opportunities with registered investment funds, BDCs, and asset management platforms.