Raymond H Edelman

Bio

Ray is the Administrative Partner at GrandBanks Capital. He focuses on managing the financial, legal and operational activities of GrandBanks Capital. While at US Trust and State Street , Ray oversaw seven acquisitions and dispositions totaling $1.5 billion in value. Ray also assists our portfolio companies with various legal, financial and administrative matters, including review of leases and contracts, advice regarding financing and M&A activities and assistance with the selecting and hiring of attorneys, accountants and other service providers. Prior to joining GrandBanks, Ray spent 12 years at State Street Bank & Trust Company and most recently was a Senior Vice President . At State Street, Ray was Chief Administrative Officer and then Chief Operating Officer for the Alternative Investments Servicing group which serviced $500 billion in hedge fund and private equity assets. Ray was the business lead on State Street’s acquisitions of PFA, a private equity administrator, Deutsche Bank’s custody and fund accounting business, and the Bank of Scotland’s trustee business. Ray also spent three years in London managing State Street’s United Kingdom custody and fund accounting operations. Before joining State Street, Ray was Director of Fund Administration for Chase Manhattan Bank. At Chase, Ray’s responsibilities included compliance, financial reporting, and tax for U.S. mutual funds. Ray also worked in public accounting at Ernst & Young where he focused on taxation of international financial services and at Price Waterhouse where he concentrated on taxation of regulated investment companies. Syracuse University, BS, 1980 University of Richmond, T.C. Williams School of Law, JD, 1984 University of Richmond, Robbins School of Business, MBA 1985 Boston University School of Law, LL.M. (Tax), 1988