Director and Executive Director, Internal Compliance
Ms. Mai Luu, CPA, CMA, CFE has been with Commonwealth Capital since 2018 as its Chief Operating Officer. Although Ms. Luu remains interim Controller, her new title of Executive Director of Internal Compliance takes hold 2024, Ms. Luu took on the role of the Executive Director, Educational Programs in February 2023 and shall be responsible for developing and maintaining relationships with trade associations, trade regulators and educational institutions, such as; university incubators and accelerators.
Ms. Luu is a naturalized U.S. citizen who speaks three languages: English, Vietnamese, and French. She has two B.A.s, one in French Language and Literature from Vietnam National University and the second in Business Administration from the National Economics University of Vietnam. In addition, Ms. Luu holds an M.S. in Accounting from Northeastern Illinois University. She is an IL-licensed CPA (Certified Public Accountant) and holds the CMA (Certified Management Accountant) and CFE (Certified Fraud Examiner) Certifications.
Ms. Luu is a member of the Small Business Committee of the Institute of Management Accountants (IMA) and serves as the IMA Chicago Chapter's Vice President of Educational Activities. The IMA Small Business Committee addresses issues that impact small and medium-sized organizations and suggests solutions to standard setters and regulatory agencies such as the SEC, FASB, SBA, American Banking Association, FINRA, IRS, etc.
Heralding from a rich accounting experience in various privately held companies, she has been primarily responsible for all aspects of the operations of the accounting department within Commonwealth Capital, from financial statement preparation to internal controls, treasury, audit, and tax compliance.
Ms. Luu also brings to Commonwealth her entrepreneurial spirit, having launched several small businesses overseas and in the United States, including founding a healthcare brand product e-commerce channel in the US and Vietnam markets, and experience as an emerging technology enthusiast in mining digital assets.
As a member of Commonwealth Capital’s senior management team, Ms. Luu works closely with key clients in its Corporate Finance Advisory Service Technology area, primarily in financial modeling, company valuation, and securities pricing. She also collaboratively works with senior team members to develop, implement, and review company policies and procedures to ensure that the company operates in a manner that aligns with its values and goals while maintaining compliance with relevant laws, regulations, and best practices. Ms. Luu also serves on the Commonwealth Capital Income Fund-I Investment Policy Committee.
As Executive Director of Internal Compliance of Commonwealth Capital and a Director on the Executive Board, Ms. Luu is also responsible for ensuring Company departments are operating in technical compliance with firm policy. Answering directly to the CEO, she is responsible for formulating and fulfilling the Company’s operational, financial, and regulatory risk mitigation. In her role, Ms. Luu has responsibility for updating the firm’s overall operating policies and procedures for implementation pursuant to Executive Board approval.
Mai currently resides in the city of Chicago. With a passion for arts, she published a series of mandala coloring books for children and adults and has created other mandala-inspired works as a form of artistic expression and self-discovery.