The Surdna Foundation has announced the appointment of Richard Correia, an experienced operations and fund accountant, and C.P.A. candidate, as Assistant Controller.
Correia was most recently a tax consultant at the Carlyle Group, a global asset manager based in New York, where his duties included liaising with the investment group’s accounting firm (Deloitte), reconciling PFIC statements for internal partners, and reviewing for internal financial statements and internal controls.
Correia replaces Justine Koch, who departed this past April to join the Leon Levy Foundation.
"We are thrilled to have Richard join the Surdna Foundation as Assistant Controller. His deep understanding of a variety of asset classes, especially with private equity, venture capital and hedge funds, will help streamline the accounting of Surdna’s increasingly complex investment portfolio,” said Marc de Venoge, Chief Financial and Administrative Officer at the Surdna Foundation.
Prior to consulting at the Carlyle Group, Correia worked with some premiere firms, such as JP Morgan Private Equity, Credit Suisse and Cerberus Capital, where he was deeply involved in investment fund accounting and the related journal entries on purchases, sales, capital calls and distributions. Correia’s experience as an accountant for large financial service companies will be very useful to the foundation as its own internal reporting becomes more complex and demanding.
Correia began his career as a Senior Accountant at Proxinet in California, which was effectively a start-up venture capital firm. He was also part of the marketing and presentation team at Proxinet that led to locating venture investors. Correia holds a B.A. from the University of California, Berkeley and is a C.P.A. candidate at Hunter College of The City University of New York.