Linda Hellström is a Swedish legal counsel who started to work with global distribution of funds at East Capital Asset Management AB in 2005. She negotiated hundreds of distribution agreements and ended up as CEO of the company a few years later. She realized that much could be done to speed up the process for signing distribution agreements.
She moved on and worked as a compliance officer for different types of licensed institutes. Linda became a key person in due diligence processes between asset management companies and distributors of funds. She filled out hundreds of due diligence questionnaires and lead a large number of on-site due diligence meetings. A very time-consuming process since information was shared with one company at a time.
At the end of 2015 she started thinking about ways to share the same information with all of your partners. To create a compliance tool that will help you ask the right questions in relation to a certain type of due diligence. Last but not least, a tool to document your controls and get proof of compliance.