Vumi Dube, CA, CFA
Executive Director
Vumi Dube is an Executive Director in the Cayman Islands office. Vumi’s practice includes serving on the boards of a broad range of open-ended and closed-ended funds across various investment strategies with managers based in developed and emerging markets.
A Chartered Accountant and CFA Charterholder, Vumi has extensive experience in providing governance, regulatory, compliance, auditing and accounting services to investment companies. His expertise includes overseeing and providing guidance for a variety of situations, including new fund launches and distressed situations. In addition to leading board meetings, Vumi reviews key fund documentation, agreements and side letters, manages the performance of key service providers, and oversees financial reporting, including the fair valuation of illiquid or hard-to-value investments.
Prior to joining Waystone, Vumi held senior roles at Citco Fund Services, based in the Cayman Islands and previously at Deloitte where he gained significant experience in Cayman Islands’ regulatory matters.
Skills and experience
- Representing private equity funds including funds managed by one of the largest asset and wealth managers in the world, with AUM of over $2.5Tn.
- Representing private credit funds specialising in leveraged buyout transactions and purchases of distressed securities involving corporate restructuring, special situations, and industry consolidations with AUM of over $300Bn.
- Representing funds of two real estate groups managed by boutique Asia-based investment management firms biased towards an active, relationship-driven and hands-on participation in regional property developments with combined AUM of over $5Bn.
- Representing stand alone and master-feeder hedge funds with investment managers based in Africa, Asia, Europe and North and South America, employing long/short, event driven, macro and relative value strategies invested in various asset classes including equities, convertible bonds, credit instruments and listed securities.
- Representing fund of fund structures including a fund investing in a diversified North American focused portfolio of funds sponsored by a Canadian asset manager with over $600M in AUM.
- Representing segregated portfolio companies with investment managers based primarily in Asia.
- Serving on advisory boards or investment committees to investment funds in connection with specific mandates such as affiliated transactions and other conflict matters.
- Hedge funds
- Private credit funds
- Private equity funds
- Fund of funds
- Investment management companies
- Advisory boards and investment committees
- Distressed situations
- Citco Fund Services (Cayman Islands) Limited, 2004 – 2015
- Deloitte, Cayman Islands, 2003 – 2004
- Manica Zimbabwe Limited, 2001 – 2002
- Deloitte & Touche, Zimbabwe, 1998 – 2001
- Post Graduate Diploma in Applied Accountancy – University of Zimbabwe
- Bachelor’s degree in Accountancy (Honours) – University of Zimbabwe
- Member of the Cayman Islands Directors Association (CIDA)
- Registered Director with the Cayman Islands Monetary Authority (CIMA)
- Member of the Cayman Islands Institute of Professional Accountants (CIIPA)
- Member of the Institute of Chartered Accountants of Zimbabwe (ICAZ)
- Member of the Chartered Financial Analyst Institute and the CFA Society of the Cayman Islands
- “Fund Raising in Focus: Exploring Trends and Best Practices in Japan”, Panellist at a conference hosted by Anderson Mori & Tomotsune, Tokyo, Japan, May 2024.
- Board observer rights – Is it a good idea?” Published by Hedgeweek Special Report, January 2017.
- “Segregated portfolio companies – from a fund governance perspective” Published by Hedgeweek Special Report, June 2018.
