– USA, TX – Beneficient (NASDAQ: BENF), a technology-enabled financial services holding company, announced the appointment of Patrick Donegan to its Board as an Independent Director as of September 30, 2024.
Patrick Donegan will also join the Audit, Products and Related Party Transactions, Credit, and Enterprise Risk committees.
About Patrick J. Donegan
Patrick Donegan brings almost thirty years of compliance, legal, banking, and capital markets experience to Ben, having held various senior compliance positions, including as Chief Compliance Officer, for bank holding companies and broker-dealers and as Assistant General Counsel for a securities company. Throughout his career, Mr. Donegan has attained eleven FINRA licenses and two certifications from the American Bankers Association, including the Certified Regulatory Compliance Managers designation, and currently holds a Certified Anti-Money Laundering Specialist certification.
Patrick Donegan received a Bachelor of Science in Accounting from St. John’s University and a J.D. from St. John’s University School of Law. He serves as a Senior Adviser at Premier Consulting Partners, Inc., a consulting firm focused on operational risk evaluation and compliance, and previously served as the Global Chief Compliance Officer of OKX Group from August 2023 to January 2024. From 2015 to 2023, Patrick Donegan held various leadership positions at Signature Bank, including Chief Compliance Officer, SVP, and Sanctions Compliance Officer. His professional career has also included positions with several prominent investment banks, including Cantor Fitzgerald, RBC, Guggenheim, BNP Paribas, and Nat West, and compliance roles at Mitsubishi UFJ and Hudson City Bancorp. Through his legal experience and compliance officer roles, Patrick Donegan has developed expertise in identifying risks and establishing policies and procedure to effectively manage those risks. His understanding of banking and capital markets rules and the related regulatory processes will benefit the Company’s efforts to maintain industry best practices across the organization.
About Beneficient
Beneficient – Ben, for short – is on a mission to democratize the global alternative asset investment market by providing traditionally underserved investors − mid-to-high net worth individuals, small-to-midsized institutions, and General Partners seeking exit options, anchor commitments, and valued-added services for their funds − with solutions that could help them unlock the value in their alternative assets. Ben’s AltQuote™ tool provides customers with a range of potential exit options within minutes, while customers can log on to the AltAccess® portal to explore opportunities and receive proposals in a secure online environment.
Its subsidiary, Beneficient Fiduciary Financial, L.L.C., received its charter under the State of Kansas’ Technology-Enabled Fiduciary Financial Institution (TEFFI) Act and is subject to regulatory oversight by the Office of the State Bank Commissioner.
For more information: https://www.trustben.com/
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