Carne Group Financial Services http://www.carnegroup.com "Carne is a leading global provider of independent fund governance and oversight solutions for investment funds of all kinds. Wed, 07 Dec 2016 09:34:47 +0000 en-GB hourly 1 http://www.carnegroup.com/wp-content/uploads/apple-icon-180x180-150x150.png Carne Group Financial Services http://www.carnegroup.com 32 32 Carne Global Financial Services (Dublin) is looking for a dynamic professional Risk Manager to join the Company! http://www.carnegroup.com/carne-is-looking-for-a-dynamic-professional-risk-manager-to-join-the-company/ Thu, 27 Oct 2016 14:13:58 +0000 http://www.carnegroup.com/?p=6808 Read More →]]> Carne is a leading international specialist in the provision of independent governance services and European management company solutions to the global asset management industry. We advise both hedge fund and traditional fund managers on their governance, oversight and management needs, as well as providing independent Directors to the boards of some of the most respected investment funds globally. Carne has fund directors resident in the key fund jurisdictions, including Cayman Islands, Ireland, Luxembourg, Switzerland, the UK, the Channel Islands and USA.

We are currently recruiting for a Senior Risk Professional reporting directly to the CRO

The primary role of the position is to provide on-going regulatory risk management and oversight across a number of client funds and to support the on-boarding of new clients from a risk management perspective.

The position is for our Dublin office.

Main Responsibilities

  • Perform ongoing monitoring of investment and operational risks at client funds to ensure that each continues to be managed in line with investment objectives, policy and within its investment risk and relevant regulatory restrictions
  • Convene and participate in the regular risk meetings with the portfolio managers and/or risk specialists at each client fund to formally review and minute recent risk management performance and any other current developments related to investment or operational risk at the client fund.
  • Respond immediately to any material risk issues that arise at client funds by escalating it to the appropriate authority within the management company.
  • Generate both regular and exception based risk reporting for both fund boards and the management company that enables each to fulfil their governance obligations related to the risk management of funds under their management.
  • Provide the risk data input for Annex IV and other regulatory related reporting
  • Support the onboarding of new clients by participating in risk related due diligence, producing the risk related documentation (RMPs, Risk Profiles and Risk Registers) and contributing to any other fund due diligence and documentation that requires input from the risk team.

 

Previous Experience (in one of the following)

  • Operated at a senior level in one of the following:
  • Similar role which primarily involved performing regulatory risk management and oversight for UCITS and/or AIFMD compliant funds.
  • Portfolio management, trading or risk management related role at an investment manager.
  • Fund administrator or Depository in a role that is specifically responsible for producing risk analysis and risk reporting on client funds
  • Financial engineering role working on the development of tools and/or models to support trading, valuation or risk management activities of fund management firms.

 

Qualifications, Knowledge and Skills

  • Third level degree in a quantitative/scientific field and has completed or is at an advanced stage in achieving a relevant professional qualification such as CFA, CAIA, FRM or PRM
  • Good understanding of both traditional and alternative investment strategies and an appreciation of the portfolio construction techniques used in each
  • Knowledge of the features and risk characteristics of traded securities and financial instruments including exchange traded and OTC derivatives
  • An ability to interpret the standard risk measures and analytics that are used to assess market, credit, counterparty, liquidity and operational risk for investment funds
  • An awareness of the regulatory risk requirements for UCITS and AIFMD and compliant funds.
  • Excellent interpersonal and communication skills and the ability to work both independently and as part of a team
  • At least 7+ years of relevant industry experience in a funds service or funds management organization

 

If you wish to discuss this position further, please contact Kate Jones in strictest confidence on +353 14896852 or email your CV to kate.jones@carnegroup.com

 

]]>
Carne Group is currently recruiting for a MLRO Support Officer http://www.carnegroup.com/carne-group-is-currently-recruiting-for-a-mlro-support-officer/ Thu, 27 Oct 2016 12:29:32 +0000 http://www.carnegroup.com/?p=6800 Read More →]]> Carne is a leading international specialist in the provision of independent governance services and European management company solutions to the global asset management industry. We advise both hedge fund and traditional fund managers on their governance, oversight and management needs, as well as providing independent Directors to the boards of some of the most respected investment funds globally. Carne has fund directors resident in the key fund jurisdictions, including Cayman Islands, Ireland, Luxembourg, Switzerland, the UK, the Channel Islands and USA.
We are currently recruiting for MLRO Support Officer to work in our Dublin office.

Job Description:
The primary responsibility of the position is to support the MLRO team.

Main Responsibilities
• Prepare quarterly MLRO Reports for fund boards
• Deputise for MLROs at quarterly fund board meetings
• Stay abreast of regulatory and legislative developments related to AML/CTF
• Assisting with the drafting and maintenance of AML policies
• Assist with annual on-site inspections of Administrators and drafting reports highlighting any findings
• Accurately conduct investor customer due diligence file reviews
• Assist with completion of AML/CFT risk assessments for funds
• Liaise with clients, Administrators and Fund Boards on AML/CTF matters

Previous Experience
• An understanding of AML/CTF legislation/regulation/industry best practice
• At least 2+ years of relevant industry experience
• Has worked at a Fund Administrator in an AML/CTF role
• Experience in working to tight deadlines, with an ability to multi task and to work calmly under pressure

Qualifications, Knowledge and Skills
• Hold a Third level Qualification (Preferably Legal/Business)
• The professional Certificate/Diploma in Compliance from the ACOI would be an advantage
• Excellent presentation and interpersonal skills
• Strong planning and organisational skills

If you wish to discuss this position further, please contact Kate Jones in strictest confidence on
+353 1489 6852 or email your CV to kate.jones@carnegroup.com

]]>
Carne Global Financial Services (Dublin) is currently recruiting for a Receptionist/Administrative Assistant http://www.carnegroup.com/carne-global-financial-services-dublin-is-currently-recruiting-for-a-receptionistadministrative-assistant/ Fri, 21 Oct 2016 18:09:03 +0000 http://www.carnegroup.com/?p=6788 Read More →]]> Carne is a leading international specialist in the provision of independent governance services and European management company solutions to the global asset management industry. We advise both hedge fund and traditional fund managers on their governance, oversight and management needs, as well as providing independent Directors to the boards of some of the most respected investment funds globally. Carne has fund directors resident in the key fund jurisdictions, including Cayman Islands, Ireland, Luxembourg, Switzerland, the UK, the Channel Islands and USA.

We are currently recruiting for a Receptionist/Administrative Assistant reporting directly to the Office Manager.

 

Main Responsibilities:  

  • Greeting and assisting clients, visitors and staff.
  • Answering incoming calls, redirecting calls and taking messages.
  • Managing incoming and outgoing post.
  • Organising couriers / taxis / DHL keeping a log of same. Reconciling log with invoices at month end.
  • Set up boardroom for meetings and clear up afterwards, make tea / coffee for visitors.
  • Ensure reception is tidy.
  • Support Business Development Managers in the UK & the Office Manager.
  • Provide secretarial support to the Business Development Managers including scheduling and managing calendars.
  • As documents are submitted for Directors to sign, print, arrange for signing and distribution as requested and save for ratification.
  • Ensure all documents filed correctly and in line with naming convention.
  • Complete credit card & cash expenses for several directors.
  • Complete travel arrangements for Dublin & other offices ensuring to comply with company travel policy.
  • General administration and filing.
  • Assist with conference planning on an ad hoc basis.
  • Reconciling Petty Cash.

 

Person Specification:

  • Energetic, well presented and friendly.
  • A team player who is willing to help and support your colleagues.
  • Self-motivated and detail orientated.
  • A highly organised individual who is able to prioritise tasks.
  • Excellent communication and problem solving skills.
  • Flexible.

 

Qualifications, Skills and Experience:

  • Third level education (In area such as Marketing) desirable, but not required.
  • Prior experience working in professional services would be an advantage.
  • Previous receptionist experience would be beneficial but not essential.
  • Excellent PC and Microsoft Office Skills.
  • The ideal candidate would have some digital media and marketing experience.

 

If you wish to discuss this position further, please contact Kate Jones in strictest confidence on +353 14896852 or email your CV to kate.jones@carnegroup.com

]]>
Carne: Helping you manage the uncertainty of Brexit http://www.carnegroup.com/carne-helping-you-manage-the-uncertainty-of-brexit/ Wed, 19 Oct 2016 09:03:05 +0000 http://www.carnegroup.com/?p=6692 Read More →]]> Managing the Uncertainty of Brexit by Des Fullam – Director at Carne GroupDes Fullam

Article 50; Passporting; Norwegian model; Swiss-plus; Michel Barnier; David Davis; Fear; Uncertainty. All of a sudden the language of Brexit is part of our everyday lexicon yet none of us know what the outcome is likely to be. In a business where we are asking investors to commit significant amounts of capital over at least three to five-year time horizons, political uncertainty can lead to inaction. Whilst the exact outcome of Brexit is unknown its impact in the investment funds sector can be managed. We are going to consider Brexit’s impact on EU access under 3 headings; Investment Management, Product Manufacture and Distribution.

For further reading follow the link: Managing the uncertainty of Brexit

]]>
Carne Global Financial Services (Dublin) is looking for a Fund Governance Manager. http://www.carnegroup.com/carne-global-financial-services-is-looking-for-a-fund-governance-manager/ Fri, 14 Oct 2016 15:14:27 +0000 http://www.carnegroup.com/?p=6675 Read More →]]> Carne is a leading international specialist in the provision of independent governance services and European management company solutions to the global asset management industry. We advise both hedge fund and traditional fund managers on their governance, oversight and management needs, as well as providing independent Directors to the boards of some of the most respected investment funds globally. Carne has fund directors resident in the key fund jurisdictions, including Cayman Islands, Ireland, Luxembourg, Switzerland, the UK, Jersey and USA.

Job Description

The primary role of the position is to perform on-going oversight of a number of client funds in order to ensure that they continue to be managed in line with all of their legal, regulatory and fiduciary requirements and to generate regular and exception based reporting for each Fund Board to enable its Directors to fulfil their governance obligations.

The position is for our Dublin office.

Main Responsibilities

  • Participate in the initial and on-going due diligence of delegates to ensure that all delegates continue to operate and perform in line with regulatory requirements and in accordance with best practice standards
  • Assist administrators with the preparation and review of interim and year-end Financial Statements and respond and resolve auditor queries to ensure accounts are approved by Fund Boards and filed within relevant deadlines
  • Project manage the initial and ongoing distribution and registration requirements of our client funds
  • Ensure all funds have up to date policies and procedures that reflect on-going regulatory developments and any other requirements as determined by the Fund Boards
  • Review regular reporting received from each of the fund delegates and determine appropriate actions to address any issues as they arise
  • Generate exceptional and regular Board reporting to inform Directors on the extent of the Fund’s compliance with all of its legal, regulatory and fiduciary obligations and to highlight any issues that may require consideration by the Board
  • Ensure that any actions raised at Board Meetings are subsequently progressed and resolved in a timely manner and to the Board’s satisfaction
  • Establish and maintain excellent relationships with all fund delegates (i.e. investment managers, administrators, depositories etc.) to ensure strong lines of communication at all times
  • Support the on-boarding of new clients by participating and contributing to the preparation of fund policies and procedures and other launch related documentation.

 

Previous Experience (In at least one of the following)

  • Previously worked in a Fund Administrator in a fund accounting or valuation role.
  • Has gained good operational experience within a depository/custodian environment
  • Has attained good exposure to the operations of the middle and back office functions of an investment manager

 

Qualifications, Knowledge and Skills

  • Achieved a recognised professional or third level qualification that is relevant to the role in an accountancy related discipline.
  • Possesses excellent interpersonal and communication skills.
  • Has a strong awareness of the regulatory requirements for UCITS and AIFMD compliant funds.
  • At least 7+ years of relevant industry experience in a funds service or funds management organization

 

If you wish to discuss this position further, please contact Kate Jones in strictest confidence on +353 14896852 or email your CV to kate.jones@carnegroup.com

]]>
Carne Global Fund Managers (Luxembourg) S.A. is looking to hire an Oversight Manager http://www.carnegroup.com/carne-global-fund-managers-luxembourg-s-a-is-looking-to-hire-an-oversight-manager/ Thu, 06 Oct 2016 10:27:46 +0000 http://www.carnegroup.com/?p=6659 Read More →]]> Carne is an independent governance and advisory firm established by investment professionals to provide tailored solutions and advisory services to asset managers, fund directors and their service providers. We deliver specialised industry and market knowledge, skills and services that our clients require, providing clients with the most experienced and knowledgeable staff in the market place. We stand at the cutting edge of product development including fund structures and investment policies across multiple fund domiciles (CCF, Platforms, AIFs, UCITS, ETFs etc.) as well as current market issues.

For our Luxembourg based UCITS and AIFM Management Company we are currently recruiting for an OVERSIGHT MANAGER.

Main Responsibilities:

  • Supervision of the delegates and service providers (e.g. administrator, investment managers, distributors) including attendance at regular review calls and due diligence inspections
  • Review of KPIs from administrator, transfer agent, depositary bank
  • Monitoring of NAV calculation process
  • Coordination and review of fund financial reports and long form reports
  • Review and validation of funds’ expenses and TER
  • Oversight of valuation process and support to the Valuation Committee
  • Monitoring of investment managers, fund performance and support the Investment Committee
  • Preparation of reports to Senior Management Committee, Board of Directors of Fund and Board of Directors of the Management Company
  • Support the client on-boarding process and the implementation of service level agreements
  • Report to the Conducting Officer in charge of the delegation oversight function

 

Previous Experience:

  • 3 to 5 years of experience with a management company, fund administrator or audit firm
  • Experience in the Private Equity and/or Real Estate would be an advantage
  • Excellent PC skills including Word, Excel and Access (VBA skills would be considered as an advantage)

 

Person Specification:

  • Energetic and solutions based team player who is willing to help and support your colleagues
  • Self-motivated and detail focused
  • Creative and practical in your approach to work and capable of delivering the required solutions to our Clients
  • Excellent communication skills and analytic skills
  • Flexible
  • Fluent English and German (Written and spoken)

 

If you wish to discuss this position further please contact Kate Jones on +353 14896800 or email your Curriculum Vitae, in strictest confidence to kate.jones@carnegroup.com by October 21st 2016.

]]>
How to Raise Capital Effectively in Europe http://www.carnegroup.com/how-to-raise-capital-effectively-in-europe/ Thu, 06 Oct 2016 08:09:52 +0000 http://www.carnegroup.com/?p=6649 Read More →]]> Carne holds successful event on “How to Raise Capital Effectively in Europe” at the Irish Consulate in New York.

Attendees benefited from hearing the opinions and ideas of our highly knowledgeable panellists: Mr. Yves Guntern of UBP, Mr. Desi Narasimhan of UBS and Mr. Kerill O’Shaughnessy of Walkers on matters such as:

  • Which distribution models succeed?
  • What are the main distribution channels for Investment Managers?
  • What strategies appeal to European investors and why?
  • What type of structures are being used?
  • Where is most of the capital being raised?
  • What hurdles need to be overcome?

 

We were delighted to be joined on the day by Frances Fitzgerald, the Deputy Prime Minister (Tànaiste) of Ireland, to reaffirm the Irish Government’s commitment to the financial services sector and to share her thoughts on the potential impact of Brexit.

NYEvent

Photo from left: John Ackerley (CEO, Carne Cayman), Des Fullam (Director, Carne Dublin), Tànaiste and Minister for Justice and Equality Frances Fitzgerald TD, Doug Lindgren (CEO, Carne North America), Joe Hardiman (Director, Carne North America)

For further information, please contact:

  • Doug Lindgren – North America – T: +1 917 504 7035 – doug.lindgren@carnegroup.com
  • Des Fullam – Ireland – T: +353 1 4896805 – des.fullam@carnegroup.com
  • Steve Bernat – Luxembourg T: +352 26 73 2333 – steve.bernat@carnegroup.com
]]>
Focus on Asia http://www.carnegroup.com/focus-on-asia/ Mon, 19 Sep 2016 14:07:00 +0000 http://www.carnegroup.com/?p=6636 Read More →]]> Carne is chosen by ICBC Credit Suisse UCITS fund for Management Company services and is also the first third party Management Company to be licensed under RQFII scheme

Focus on a growing Asian market

ICBC Credit Suisse Asset Management (International) Company Limited, the international arm of Chinese asset manager ICBC Credit Suisse Asset Management Company Limited (one of the largest asset managers in China), has partnered with Carne’s independent management company to support UCITS umbrella fund in Luxembourg, the ICBC Credit Suisse ETF UCITS SICAV Fund.

Carne is an established global provider of independent management company services with a decade – long track record of working with UCITS funds in Luxembourg.

Carne provides substance and independent risk management services to funds worth over EUR 20 billion in assets.

ICBC Credit Suisse Asset Management Company Limited is jointly owned by ICBC and Credit Suisse Group AG. The ICBC Credit Suisse ETF UCITS SICAV – ICBCCS WisdomTree S&P China 500 UCITS ETF is ICBC Credit Suisse’s first UCITS-compliant ETF fund.

CSRC Approves Carne’s RQFII License

Carne is the first third party management company in Luxembourg to receive a license from the CSRC (China Securities Regulatory Commission) under the RQFII scheme.

The Quota, currently under approval by the SAFE (State Administration of Foreign Exchange), will be used by ICBC Credit Suisse Asset Management (International) Company Limited for its first UCITS-compliant ETF fund distributed across Europe to provide European investors access to the Chinese Market.

Luxembourg For Finance and the Association of the Luxembourg Fund Industry confirmed at the end of September 2015 after a period of intense consultation within the investment funds community in Luxembourg and with the Supervisory Authorities in mainland China that the Luxembourg quota could effectively be used by third party management companies.

Carne acted swiftly to apply for the license to demonstrate its commitment and to serve its growing client base with a focus on the Asian market.

A message from the CEO

”Carne has a global footprint, with offices in eight key locations around the world. Consequently, we can advise our clients on both local and global solutions for their governance needs. With our focus on the Asian region, we are delighted to have been chosen as strategic partner by ICBC Credit Suisse to meet their requirements.”

Steve Bernat, CEO Carne Luxembourg

Background on the Firm

ICBC Credit Suisse Asset Management Company Limited is the joint venture between the Industrial and Commercial Bank of China (ICBC) and Credit Suisse. The firm is one of the largest asset managers in the mainland China, and the investment specialist dedicated to providing China and RMB asset management solutions within the ICBC Group. Since being established in 2005, the firm has upheld the philosophy of “Value Creation through Prudent Investing”.

As of the end of March 2016, the firm has approximately 570 employees and RMB960 billion assets under management, providing first-class investment management and advisory services for over 13 million institutional and retail clients.

Disclaimer

ICBC Credit Suisse Asset Management (International) Company Limited is authorized and regulated by the Securities and Futures Commission of Hong Kong.

This article is targeted at Professional Investors only.

]]>
New Carne Appointment to Help Asset Managers Access International Investors, Manage Increased Regulatory Complexity http://www.carnegroup.com/new-carne-appointment-to-help-asset-managers-access-international-investors-manage-increased-regulatory-complexity/ Wed, 14 Sep 2016 14:06:12 +0000 http://www.carnegroup.com/?p=6602 Read More →]]> Doug Lindgren, formerly a senior executive with UBS, joins Carne as CEO North America with a focus on orchestrating Carne’s global fund management services to help asset managers safely grow their businesses.

Carne Group, the leading global provider of fund management solutions to the asset management industry, is pleased to announce the appointment of Doug Lindgren as CEO North America. With over 25 years of experience, Doug adds additional breadth and depth to Carne’s leadership team in the areas of fund governance, fund distribution, product development and risk management.

Prior to joining Carne, Doug was a Managing Director and Global Head of UBS Wealth Management’s platform of investment funds, encompassing hundreds of funds and more than $300 billion in client assets invested across virtually all asset classes and strategies.

Having split his 11 years with UBS between New York City and Zurich, he has extensive experience developing and distributing funds in the U.S., Europe, and Asia as well as other developed and emerging market.

Prior to joining UBS, Doug was a Managing Director at U.S. Trust, where he built and managed their alternative investment business – before that he was President and Managing Principal of Inco Venture Capital Management, a firm managing private equity funds on behalf of institutional investors.

A message from John Donohoe – Carne Group CEO: 

”We are delighted that Doug has decided to join us and believe that his global experience in setting up, managing, and distributing a very broad range of traditional and nontraditional funds across many jurisdictions around the world will prove to be an important asset for Carne and for our clients.”

Doug Lindgren:

”I find that many asset managers are increasingly struggling to grow their businesses outside of their home markets without adding too much regulatory complexity, operational risk or costs. Fortunately, Carne has a great set of fund management solutions which enable asset managers to mitigate these challenges, allowing them to stay focused on their core competencies as they build out their businesses across various jurisdictions.

Although Carne is already well established and growing rapidly, I believe the market dynamics in the asset management industry will continue to create a real tailwind for the company. I am pleased to be joining the strong team at Carne and look forward to being part in its bright future.”

]]>
Help For Children announces appointment of Jennifer Collins as a new member to its Global Board of Directors http://www.carnegroup.com/help-for-children-announces-appointment-of-jennifer-collins-as-a-new-member-to-its-global-board-of-directors/ Wed, 03 Aug 2016 09:30:02 +0000 http://www.carnegroup.com/?p=6560 Read More →]]> Jennifer Collins

Jennifer Collins, a director in the Cayman office of the Carne Group, global leader in independent governance for the asset management industry, was recently appointed as a new member to the Global Board of Directors for Help For Children, a global foundation supported by the alternative asset management industry.

Jennifer Collins 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. Jennifer has been an active volunteer with Hedge Funds Care Cayman since 2007 and has served as a Board member for them since 2013.

Commenting on her new appointment Jennifer said ‘”I am honoured to be appointed to the Global board of HFC.  Being involved in the Cayman branch of HFC for the past 9 years has been incredibly rewarding and the difference it has made in our community has been inspiring.  I am very thankful for the Carne Group’s support of my involvement.”

John Ackerley, CEO of the Cayman office of the Carne Group, congratulated Jennifer noting “The Carne Group is very grateful for the work Jennifer has done and continues to do for HFC.  The Carne Group believes in giving back to the communities it operates in and this is a fantastic example of that commitment.”  

Speaking about the appointment of both Jennifer Collins and Mark Salameh (Co-Founder and CEO of Context Summits), Help For Children Executive Director and CEO Renée Skolaski informed the Global Board, “Our newest Board members embody the mission of HFC and bring talent, expertise and energy to the table. We are very fortunate to have them by our side as we continue to make the world a safer place for children.”

Dean Backer, HFC Board Chair, thanked both new members for their interest and willingness to deepen their commitment to HFC. “Your capacity to help us achieve our mission is great and I really appreciate that you have chosen to spend your time and energy with HFC in this way. I look forward to working with you both.”

About Help For Children  

Help For Children (HFC), established in 1998 as Hedge Funds Care, is a global foundation supported by the alternative asset management sector.  Its sole mission is to support efforts to prevent and treat child abuse.  Help For Children raises money and awards grants in 12 major cities in the United States, Asia, Canada, the Cayman Islands, Ireland and the United Kingdom.  HFC is largely a volunteer-driven organization with professionals from the hedge fund and alternative asset management industry serving on the Board and on local committees that plan events and evaluate proposals.  For more information, visit www.hfc.org.

]]>