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IPA Names New President and CEO

IPA Names New President and CEO

Following the leave of Anthony Chereso, the Institute for Portfolio Alternatives has named a new president and CEO

The Institute for Portfolio Alternatives’ board of directors has appointed Anya Coverman as the organization’s new president and chief executive officer.

Prior to Coverman, Anthony Chereso served as the association’s president and CEO, positions he held for more than seven years before leaving in July 2022 to become chief financial officer of Inland Companies.

“My pledge is to provide all Institute for Portfolio Alternatives members, from long-time industry leaders to new entrants, with the steadfast industry leadership and relentless public policy advocacy required to create a favorable operating environment,” said Coverman. “I’m grateful for the opportunity to lead the IPA in paving the way for broader access to portfolio diversifying investments and ensuring we continue to deliver on our strategic plan on behalf of the industry and investors alike.”

In her new role, Coverman will provide strategic guidance to all association staff and oversee the daily operations of the organization. She will also continue to support the IPA’s advocacy efforts, as well as “deepen the connectivity of IPA membership through networking and education opportunities.”

Since 2017, Coverman had served as the IPA’s senior vice president of government affairs and general counsel, during which she led the organization’s legislative, regulatory, and legal initiatives, including the creation of the IPA’s Political Action Committee. She also served as the primary liaison and senior policy representative before Congress, the executive branch, and regulators. In addition, Coverman counseled the IPA on all internal legal and governance matters.

“The IPA is grateful for Anya’s impact on the organization and our industry, and we are delighted to have her take on this new role,” said Anne-Marie Vandenberg, chair of the IPA board of directors and president and chief operating officer of DWS’ RREEF Property Trust.

Prior to joining the IPA, Coverman served as the deputy director of policy and associate general counsel with the North American Securities Administrators Association. She has also practiced corporate and securities law at the international law firm Greenberg Traurig LLP in Washington, D.C., and, prior to that, at a boutique financial services law firm in New York City.

Coverman received her juris doctorate from American University’s Washington College of Law and her bachelor’s degree from the University of Miami.  She is admitted to practice law in the District of Columbia, Virginia, New York and Texas.

The Institute for Portfolio Alternatives is an advocacy and education group for the non-traded alternative investment industry. The organization seeks to raise awareness of investment products with low correlation to the equity markets, which include non-traded real estate investment trusts, business development companies, interval funds and direct participation programs.

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