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Peter Litvin

Profile picture of Peter Litvin

Peter Litvin

Active 6 years, 3 months ago
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Name

Peter Litvin

Your Country

United Arab Emirates

Company

Fortress Partners

Position

CEO

Gender

Male

Core Industries

Alternative Investments, Banking, Corporate and CSP, Family Office, Financial Institutions, Financial Regulated

Experience

Over twenty years of experience managing the financial, risk and operational infrastructure of global
alternative asset managers. Thorough knowledge and understanding of corporate governance needs
of both onshore and offshore funds, limited partnerships and corporate entities, having worked with
some of the leading regulators. Extensive product knowledge covering the whole alternative investment
spectrum. Previously spent fourteen years as the CFO / COO of Citigroup Alternative Investments and
five years as the Group CFO of Samena Capital.

Board positions:

To be provided upon enquiry

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NEDs and Economic Substance (“ESR”)

Pursuant to ESR, certain companies deploying a “relevant activity” have to demonstrate that they have effective substance in their jurisdiction by satisfying a so-called “economic substance test”. ESR is in force in the UAE since 30th April 2019.

A company meets the test if it is directed and managed in the UAE and has adequate people, premises and expenditure in the country.

In this context, the composition and competence of the board of directors – composed of both executive director(s) and NED/s –, and the proper recording of minutes of all board meetings are key factors when assessing whether a company is compliant or not.

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