Hamilton Lane (NASDAQ: HLNE) announced that Lydia A. Gavalis has been appointed General Counsel and Frederick W. Shaw has been appointed Chief Compliance Officer, effective as of April 1. As previously announced, Robert Cleveland, who had served as General Counsel at the firm for more than 16 years, will retire at the end of March.

Gavalis, who had previously served as Deputy General Counsel, will assume responsibility for all legal affairs globally. As part of this transition, Frederick Shaw, Managing Director, has assumed the role of Chief Compliance Officer, reporting to Gavalis.

"Bob has been an invaluable part of Hamilton Lane's success and evolution, and it is with deep appreciation and gratitude that we thank him for his service and wish him well in his retirement," said Mario Giannini, CEO of Hamilton Lane. "While we will miss having Bob as part of the Hamilton Lane team, we are confident that we will continue to be well positioned to manage the legal and compliance functions under the sound guidance of Lydia and Fred."

Gavalis previously worked at SEI, where she served for more than 18 years, including for the last 10 years as General Counsel of the company's Institutional Investors business segment. She was also General Counsel for both SEI Private Trust Company and SEI Trust Company; head of SEI's Corporate Services legal team; and General Counsel of London-based SEI Investments (Europe) Limited.

"I am thrilled by the opportunity to step into this role at such an exciting period of growth and evolution for Hamilton Lane," Gavalis said. "Fred and I look forward to supporting the firm in its continued commitment to providing investors with access to the global private markets."

Shaw previously served in the role of Director of Compliance since joining Hamilton Lane in 2011. Prior to Hamilton Lane, he was Chief Compliance Officer of Natsource, LLC, where he managed the firm's global compliance program. Earlier in his career, he served in various compliance and supervisory positions at Bear Stearns Asset Management, JP Morgan Private Bank, UBS and Smith Barney.

About Hamilton Lane Hamilton Lane (NASDAQ: HLNE) is a leading alternative investment management firm providing innovative private markets solutions to sophisticated investors around the world. Dedicated to private markets investing for 25 years, the firm currently employs more than 290 professionals operating in offices throughout the U.S., Europe, Asia, Latin America and the Middle East. With more than $332 billion in total assets under management and supervision as of December 31, 2016, Hamilton Lane offers a full range of investment products and services that enable clients to participate in the private markets asset class on a global and customized basis. For more information, please visit www.hamiltonlane.com, or follow Hamilton Lane on Twitter: @hamilton_lane.