Distributing funds both within and beyond Europe can be a complex task for investment managers, as they struggle to ensure they meet their various obligations in terms of reporting in the various jurisdictions. Carne can act as a single point of contact between our clients and the service providers they need to deal with in order to ensure they meet all their registration obligations.
As Carne is fully independent, we can also advise on appropriate service providers and can help our clients to achieve competitive prices.
We offer the services of an experienced, multi-lingual team based in Ireland and Luxembourg that is familiar with current European regulatory demands. Our service can be tailored to your distribution requirements and is transparently priced.
We work with the various service providers, including paying agents, fiscal agents, law firms, translators and intermediaries to ensure all necessary information and reports are delivered on time. We monitor local publication requirements and can provide regular updates on the status of filings, issues arising, or changes to reporting requirements.
John acts as a director and chairman on the boards of a number of industry-leading funds and management companies. He has 22 years of experience in the financial services industry. He acts for both Irish and Cayman funds.
John is a specialist in compliance, risk, product development, finance and operations for both traditional funds and hedge funds and has helped develop the operational infrastructure of a number of investment funds. He has in-depth understanding of hedge fund and traditional fund operational requirements and has project managed a number of fund launches. He has expert knowledge of the risk and compliance UCITS IV requirements. John regularly provides industry training on investment fund products, particularly UCITS.
Prior to joining Carne in 2006 John held a number of senior management positions with leading banks and asset management companies including BNP Paribas Securities Services and Norwich Union Investments (now Aviva Investors). He is a Fellow of the Institute of Chartered Accountants and trained with Deloitte. He holds a Bachelor of Commerce degree from University College Dublin.
Based in Ireland, Des is an experienced and highly knowledgeable fund director with over 15 years of experience in senior roles in the sector He has worked closely with fund clients and regulators on regulatory and listing procedures and has in-depth expertise of day to day fund operations and Irish and EU fund regulations. His experience extends to working with all types of UCITS and AIFs including hedge, private equity, ETF and ERISA funds.
Des joined Carne from J.P. Morgan Bank (Ireland) plc, where he was a Vice President in the Bank’s Trust & Fiduciary services division in Dublin, managing a large portfolio of trustee clients, including UCITS and hedge funds managed by both large institutional and boutique managers. Prior to that Des held senior roles in the Irish Stock Exchange including as Listing Manager in the Funds Department, overseeing listing and compliance functions for funds and as an Executive in the corporate finance department. He sat on the Exchange’s policy committee, the Company Law Review Group and worked closely with the Irish Central Bank and EU bodies to adopt new regulations in the funds and securities area. Des was centrally involved in the launch of a number of new markets while at the Exchange. Des began his financial services career with the Trustee Department at Deutsche International in Dublin.
Des qualified as a barrister at the Kings Inns in Dublin and also has an MBA in Financial Services from the UCD Smurfit Business School. He has a B.A. from University College Dublin and a M.Litt. in modern American history from the University of St Andrews. He is a Member of the Chartered Institute for Securities and Investment and the Institute of Banking.
Lydie is a senior executive and Conducting Person with our Luxembourg office and has over 25 years of experience in the funds industry. In particular, she is highly familiar with fund distribution and passporting, supervision of delegates, fund operations (middle and back office), compliance and audit. She has lengthy experience of the many operational needs of cross border fund distribution.
Lydie joined Carne from Legg Mason where she was Head of Product Regulatory and Implementation in the Luxembourg office, including oversight, project management and fund registration. Prior to this she spent 11 years in Citigroup in both the asset management and private banking areas where she has had experience of a number of senior operational roles, including managing product launches and mergers, overseeing critical regulatory services, managing the middle office and meeting various other operational requirements.
Lydie began her career as an accountant with Société Fiducaire et Comptable Longwy. She has a Baccalauréat B (Economie) from Lycée Alfred Mézières in Longwy and a Brevet de Technicien Supérieur from the Lycée Schumann in Metz.
Megan is an associate director with Carne Global Financial Services Dublin specialising in financial reporting and fund oversight for both mutual and hedge funds. She carries out compliance and fund registration work for both UCITS and alternative funds. She has extensive experience with a wide range of fund structures and including in-depth knowledge of the compliance and fund reporting regimes currently in force for cross-border funds.
Megan joined Carne in 2011 and leads the Carne Global Registration team in Dublin. She has comprehensive knowledge of the initial and on-going registration requirements of UCITS funds in EU and non-EU jurisdictions. She has project managed a large number of registrations and has worked closely with some of Europe’s largest asset managers. She completed one of the first AIFM passporting projects from Ireland into a number of European jurisdictions.
Megan completed a Bachelor of Business and Law at University College Dublin and has a Masters in International and Commercial Law with her thesis evaluating the level of corporate governance within UCITS Funds. She currently sits on the IFIA Swiss distribution working group.