The Cayman Islands is a leading jurisdiction for the domicile and servicing of offshore funds. Carne has one of the most respected teams of independent fund directors resident in the Cayman Islands with lengthy track records and sought after skill sets, including audit, legal, regulatory, risk and fund administration.
Carne is considered one of the top professional providers of independent governance and oversight in the Cayman Islands and we continue to promote best practice for fund boards in the islands. We work with many of the leading international alternative investment managers to help them meet their Cayman governance and due diligence objectives.
If you are interested in a Cayman Islands structure for your fund or require advice on the structuring and oversight of Cayman vehicles, please contact our Cayman Islands office.
Grand Pavilion Commercial Centre
802 West Bay Road
P.O. Box 30872
Grand Cayman KY1-1204
Peter is a highly experienced fund director with appointments to boards of hedge funds, private equity funds and traditional investment funds. Peter has over 25 years of experience in the asset management industry and is familiar with a broad range of sophisticated investment strategies as well as the critical fund operations underpinning them.
Peter acts a director on the boards of funds managed by leading financial institutions and has experience at Managing Director level of governance, compliance, risk and product development. He has worked alongside institutional, boutique and emerging alternative investment fund managers.
Peter was previously Managing Director and Country Head at RBC Dexia in Ireland where he initiated and managed the development of the operational risk and new business implementation departments as well as managing the inaugural SAS 70 accreditation. Before this he was a director of HSBC’s Irish fund administration business, with responsibility for its European client relations in the Alternative Fund Services division. He also established and managed the credit origination department. Prior to this Peter was Managing Director of Bank of Bermuda’s fund administration business in Guernsey and has held senior roles with Gartmore, where he was an Operations Manager, Company Secretary and a Compliance Officer.
Roisin is a highly experienced fund director and brings extensive legal and regulatory expertise to the fund boards she sits on. She has been involved in investment funds for over 20 years, and is very familiar with the local requirements of the Cayman Islands, having worked as a lawyer there from 1996.
She also acted as senior listings executive for the Cayman Islands Stock Exchange (CSX) in 1998-2000 and sits as a director on the CSX board. Roisin offers in-depth knowledge of many of the compliance issues faced by funds domiciled in the Cayman Islands.
Roisin was a partner in the Cayman office of the international law firm Mourant du Feu & Jeune, where she was head of the investment funds practise from 2005-2008, as well as head of office, MLRO and corporate administration. She trained and practised as a solicitor with Linklaters in London from 1991 to 1996. Roisin is also a notary public.
John has 20 years of experience in the financial services industry in the Cayman Islands, Ireland and Dubai and possesses a wide knowledge of investment fund structures and operations. He has a background in audit, accounting and fund administration and regularly writes on fund governance issues for the industry press.
John is well versed in the governance and regulatory issues facing fund managers around the world, and in particular in North America. In addition to hedge funds, he has worked with numerous institutions on private equity funds, real estate and special purpose vehicles. John has been active in the provision of governance services to the alternative investment industry since 2004 and is well-acquainted with good governance practises.
John was previously employed at Bank of America, Cayman, where he had overall responsibility for the client reporting team. He was also with The Harbour Trust Co., and was a SVP and Senior Executive Officer with Maples Finance in Dubai. He is a Fellow of the Institute of Chartered Accountants in Ireland, and a member of the Society of Trust and Estate Practitioners.
Julie is an experienced fund director and has extensive legal experience in the investment funds industry, having worked across a number of key jurisdictions, including the Cayman Islands, Hong Kong and London. Julie is well-versed in fund structuring, regulatory compliance and fund governance, and is familiar with a wide range of investment strategies.
Prior to joining Carne’s Cayman office, Julie was a Managing Associate in the Business and Trust Law group at the Cayman office of the international law firm Ogier, specialising in investment funds from 1999-2012.
Julie is a member of the Cayman Islands Bar Association and the Cayman Islands Law Society. Julie graduated with a Bachelor of Laws (Hons) from the University of Liverpool and qualified as an attorney-at-law in the Cayman Islands in 2001. Julie is an approved director under the Directors Registration and Licensing Law, 2014, in the Cayman Islands.
Vanessa is an experienced fund director having worked in the hedge fund industry for more than 15 years across a number of key jurisdictions, including Bermuda, Ireland, the UK and USA. She has extensive experience in working with a wide range of investment fund strategies and has advised investment managers on Cayman fund launches and appropriate structures. She has broad knowledge of hedge fund operations, fund governance, compliance and product development and has managed projects for major fund management clients, including US, European and Asian firms.
Prior to becoming an independent fund director in the Cayman Islands, Vanessa was Head of Business Development and Client Relations for Alternative Fund Services at UBS Global Asset Management in London where she was responsible for the strategic development and growth of Fund Services. She also worked for UBS Fund Services in the Cayman Islands.
Vanessa began her career with Ernst & Young in financial services audit in Bermuda and San Francisco. She graduated with a Bachelor of Commerce (Hons.) from University College Cork (Ireland) and is a Fellow of the Institute of Chartered Accountants in Ireland.
Laren Gillespie, C.A., CFA, is recognised as a leading independent fund director in the Cayman Islands, assisting many of the world’s largest and most respected global asset managers in the launch and operation of their funds. He has significant experience on the boards of hedge funds, private equity funds and investment management structures with over 15 years experience in the investment funds industry. He is both a qualified Chartered Accountant and a Chartered Financial Analyst (CFA) Charterholder.
Laren previously worked at Intertrust Fund Services (Cayman) Limited in the Cayman Islands. Prior to joining Walkers Fund Services in the Cayman Islands (acquired by the Intertrust Group in June 2012) Laren worked with a private family office and an international financial services firm based in the Cayman Islands. Prior to moving to the Cayman Islands in 1998 Laren worked in the UK for Ernst & Young in Edinburgh and for Arthur Andersen, specialising in international taxation.
Laren is a current Director and past President of the CFA Society Cayman Islands. He received a joint Honours Bachelor of Commerce degree in Business Studies and Accounting from the University of Edinburgh in 1993 and is a member of the Institute of Chartered Accountants of Scotland and the CFA Institute.
Michelle is a fund director with extensive experience in fund structuring, compliance, governance and fiduciary oversight. In the course of her career she has gained a strong understanding of the US institutional asset management industry through her work with sponsors of both alternative funds and mutual funds.
Michelle joined Carne’s Cayman office from Intertrust Fund Services (Cayman) Limited where she was Senior Vice President and head of the Registered Funds Group. At Intertrust Cayman, Michelle provided non-executive director services to client sponsored investment funds and led the fiduciary team that provided governance and directorship services to investment funds sponsored by some of the world’s largest investment managers. Michelle began her financial services career with Wellington Management Company, LLP in Boston Massachusetts. At Wellington, Michelle was Vice President and Relationship Analyst for a number of large mutual fund sponsors, endowments and foundations. In this role, she formulated, reviewed and oversaw the implementation of investment strategies and policies for client portfolios. In addition, Michelle has extensive experience in capital markets, fund governance and compliance and fund risk analysis.
Michelle received an MBA in Finance from the Sloan School of Management at the Massachusetts Institute of Technology (MIT), a Master of Science in Mathematics from MIT and a Bachelor of Science (magna cum laude) in Mathematics and Computer Science from Howard University in Washington D.C. Michelle is a member of the Cayman Islands Directors’ Association and a notary public.
Jennifer is a highly experienced Cayman Islands fund director with over 14 years of experience in the investment fund industry. She has a strong knowledge of investment fund structures and their administration having worked with many of the world’s leading asset managers. She has extensive experience in fund administration and is particularly familiar with fund set up, administration and documentary review requirements for Cayman Islands funds.
Jennifer joined Carne from Elian Fund Services in the Cayman Islands (formerly Ogier Fiduciary Services), where she was an Associate Director in the firm’s Director Services division. Prior to this she worked in the Cayman fund administration industry with UBS Fund Services (Cayman) and Fortis Fund Services (Cayman) Limited. Prior to that Jennifer worked at PricewaterhouseCoopers and KPMG.
Jennifer is a qualified Chartered Accountant, has a Bachelor’s degree in Business Administration from the University of Prince Edward Island in Canada, and is a member of the Chartered Professional Accountants of Canada, the American Institute of Certified Professional Accountants, the Cayman Islands Society of Professional Accountants and the Cayman Islands Directors Association. Jennifer is also a Director of Hedge Funds Care Cayman and currently serves on the 100 Women in Hedge Funds Cayman Peer Leverage Committee.
Julian Fletcher is a Cayman Islands fund director and experienced lawyer who brings a deep knowledge of Cayman operational and legal requirements to fund boards together with experience as a capital markets lawyer in North America.
Prior to joining Carne Julian was a Partner with the law firm Mourant Ozannes in the Cayman Islands. Between 1999 and 2004 he was an Associate with Shearman & Sterling LLP, working in the Securitization and Derivatives Group in New York, and the Capital Markets Group in Toronto.
At Mourant Ozannes Julian specialized in working with hedge funds and private equity funds on a wide range of legal issues, including offshore structures, regulations, corporate governance, restructurings and finance transactions.
Julian obtained a Bachelor of Law Degree with Honours from the University of Liverpool in 1998. He qualified as a Barrister with the Inns of Court School of Law in London in 1999, was admitted as an Attorney-At-Law in New York in 2001, was admitted as a Barrister in the British Virgin Islands in 2003 and as an Attorney-At-Law in the Cayman Islands in 2004.