Carne is one of the leading global providers of independent fund board directors and other governance-related services. We have offices and resident fund directors in all of the leading domiciles for offshore and cross-border investment vehicles.
Our expertise in governance makes us the ‘go to’ solution for independent directors and we already work with many of the leading names in fund management globally.
Carne is regularly consulted by industry trade bodies and regulators for our views on the ongoing development of good governance and oversight within the fund management industry.
Our directors are all seasoned fund professionals with a minimum of 15+ years of experience in the asset management industry. Our panel of independent directors also covers a wide range of professional skills and backgrounds, including administration, operations, legal, tax, portfolio management and risk management functions.
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.
Mark Hodgson is a Channel Islands fund director based in Jersey, with considerable experience in the administration of Channel Islands funds. He has a broad fund expertise covering a wide range of differing asset classes, including real estate, infrastructure, hedge and private equity.
Mark joined Carne in April 2014. He has over 25 years of financial services experience, with an extensive banking background. Mark spent over 20 years with HSBC where he gained in depth knowledge of credit, financial markets and complex Real Estate structures. Prior to moving to Jersey Mark was Regional Director for HSBC Invoice Finance (UK) running their receivables finance business.
Mark moved to Jersey in 2006 to Head up HSBC’s Commercial Centre having full operational responsibility for credit and lending within the jurisdiction. In 2008 he moved to Capita Fiduciary Group as Managing Director Offshore Registration ( a regulated role) with responsibility for Jersey, Guernsey and the Isle of Man. Mark also took on the responsibility as Managing Director of Capita Financial Administrators (Jersey) Limited (regulated role) together with Directorship appointments of regulated and unregulated funds boards. Mark is appointed as Board Director to the LSE listed River and Mercantile UK Micro Cap Equity Fund Ltd and to Kennedy Wilson Investment Management Ltd which acts as Investment Manager to the LSE listed Kennedy Wilson Europe Real Estate PLC.
Paul joined Carne from Brevan Howard Jersey where he was responsible for the group’s corporate governance and administration. In this role he sat on the boards of the majority of the group’s offshore companies. Paul has over 20 years’ experience working in the financial services industry in Jersey, including an extensive track record in offshore governance and oversight for fund and trust structures. Paul is a qualified Chartered Accountant and has overseen offshore corporate structures for hedge fund clients, with comprehensive knowledge across a range of funds and asset classes, including fixed income, currencies, commodities and credit. He is very familiar with the operational and due diligence requirements of major institutional investors.
Prior to joining Brevan Howard in 2007 Paul was Client Service Director with Dominion Fiduciary Services Group, working to meet the offshore corporate requirements of some of the largest hedge funds in Europe.
Paul is a Member of the Jersey Society of Chartered & Certified Accountants, a Member of the Society of Trust and Estate Practitioners, and is registered as a principal person with the Jersey Financial Services Commission.
John is the founder and CEO of Carne with over 25 years of experience in the financial services industry. He sits on and chairs the boards of some of the largest and most complex mutual and hedge funds. John also provides Carne clients with his considerable expertise on governance, product development, distribution and regulatory developments. He is considered a thought leader in the ongoing development of hedge fund governance and oversight.
John was a Managing Director of Deutsche Bank. He served as an Executive/non-Executive Director on various Deutsche Bank boards, including Deutsche International (Ireland) Limited and subsidiaries, Morgan Grenfell & Co Limited, Deutsche Trustees (UK) Limited and the WM Company Limited. John spent 12 years with Deutsche Bank, where he rose to become CEO, Europe, Asia and Offshore, Deutsche Global Fund Services. Prior to establishing Carne, John was a Senior Vice President of State Street. He qualified as a Chartered Accountant with KPMG in Dublin and is a Fellow of the Institute of Chartered Accountants. He holds a First Class Honours degree in Accounting and Finance from Dublin City University.
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.
Teddy acts as a director on a number of Irish management companies and fund companies as well as Luxembourg and Cayman-domiciled funds. He has 22 years of experience in the financial services industry. He is a specialist in oversight requirements for UCITS IV and has advised fund managers on the launch and structuring of both UCITS and non-UCITS alternative investment funds.
As a director, Teddy also brings to fund boards his knowledge of eligible investments for UCITS, regulatory requirements for UCITS and non-UCITS, risk management procedures, and compliance. He has an in-depth understanding of risk, fund operations, custody and valuations.
Teddy joined Carne from Allianz Group in Ireland and was a Director of Allianz Global Investors’ Irish and Cayman-domiciled companies and funds, with responsibility for operations and product management. He has also held senior management roles in the market data and custody operations at Deutsche Bank in Ireland and worked in the investment banking division of Deutsche Bank in Frankfurt. Prior to joining Deutsche, Teddy worked with Bankgesellschaft in Berlin. He holds a degree in Business Administration from Technische Universität in Berlin.
Yvonne began her career in the funds industry in 1990 and acts as a Director for Irish management companies and funds, as well as Cayman domiciled hedge funds. She is also a conducting officer to UCITS IV management companies and self-managed VCCs.
Yvonne is a specialist in governance, product development, compliance, financial reporting and operations. She also has experience in assisting fund managers and service providers with various aspects of operational developments, control and risk management. She is a recognised expert in back office operations and change management and regularly speaks at fund industry conferences.
Prior to joining Carne, Yvonne was Head of Operational Development at State Street (International) Ireland (formerly Deutsche Bank), where she looked after new business take on, product development, system implementation and change management. As a member of the senior management team at State Street, Yvonne reported directly to the CEO and was a key contributor to the overall strategy and direction of the business. Yvonne trained as a chartered accountant with KPMG, specialising in corporate taxation. She is a Fellow of the Institute of Chartered Accountants.
Justin is a recognised industry expert on regulated fund structures including UCITS funds, with 24 years in the financial services industry. He sits on and chairs the fund boards for many of the industry’s biggest names. He has worked with many of the leading names in both traditional and alternative fund management and has assisted them in launching funds in Luxembourg and other jurisdictions. He specialises in fund operations, compliance and regulatory issues and risk. He brings in-depth knowledge of Luxembourg and European fund regulations to the boards of the funds he sits on.
Prior to joining Carne in 2005 Justin worked for State Street (previously Deutsche Bank) in Ireland, and held several positions there, including Head of Trustee Services, Global Head of Market Data Services, Joint Head of Valuations and Fund Accounting, and Financial Controller. He is a Fellow of the Institute of Chartered Accountants having trained with KPMG and has a Bachelor’s degree in Commerce from University College, Dublin.
Syl O’Byrne is the General Counsel at Carne and is also available as an independent fund director. He is a dual-qualified lawyer specialising in asset management and mutual funds, with particular expertise in the promotion and operation of all types of funds, including both UCITS and non-UCITS. He has over 17 years of legal experience advising funds domiciled in a range of jurisdictions, including the Cayman Islands, Channel Islands and Ireland.
Syl was previously General Counsel with Credit Suisse Administration Services (Ireland) Limited, managing its in-house legal and compliance team. Prior to this he was a Senior Associate with the Funds Department of Maples & Calder in Dublin. Syl has also worked as an Associate with William Fry and as a Manager in the legal services department with Daiwa Securities Trust & Banking Group (Europe) plc. He began his legal career with Gould & Wilkie LP (now Thompson Hine) in New York.
Syl has a degree in Law & History and an LLB from University College, Galway, Ireland. He is a qualified solicitor in the Republic of Ireland and was admitted to the New York State Bar in 1997. He currently sits on the IFIA Legal and Regulatory Committee.
Elizabeth is an Irish Fund Director specialising in corporate governance, product development, financial reporting, and fund oversight for both traditional and hedge funds. She has a 14 year track record in financial services.
Elizabeth has in-depth expertise in the oversight requirements for UCITS-compliant funds and acts as a conducting officer for a number of Irish fund companies. Elizabeth’s expertise extends to project management, where she oversees conversions of non-UCITS funds to UCITS, dedicated UCITS launches, and efficient global financial reporting/oversight for major asset management firms.
Prior to joining Carne, Elizabeth spent four years with AIB/BNY Fund Management in Ireland. Before that she worked for HSBC. She holds a Bachelor of Commerce degree from University College Cork and a Masters degree in Business Studies from the Smurfit Graduate School of Business. Elizabeth is also a member of the Association of Chartered Certified Accountants and sits on the IFIA Technical Committee.
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.
Martin is an experienced Irish-based fund director and qualified Chartered Accountant with a proven track record in senior management roles within the fund administration and custody sector. He has over 20 years of experience in the funds industry and is very familiar with the operational and regulatory challenges funds face across a range of jurisdictions.
Before joining Carne, Martin held several senior management roles within RBC Investor Services including overseeing the bank’s global sub-custody network, leading client driven initiatives within Europe and managing the Irish fund administration and custody operation. Prior to that he spent 10 years with Northern Trust in Dublin in a number of roles including European Head of Transfer Agency and Managing Director of the Irish fund administration business. He has also worked as an Audit Manager with KPMG in Bermuda and trained as a chartered account with Coopers & Lybrand in the UK.
Martin qualified as a Chartered Accountant (ACA) in 1991. He also holds a BSc Honours degree in Natural Sciences from Durham University.
Neil is an experienced Irish-based investment professional and fund director with wide experience of the governance and operations of alternative investments at the institutional level, including infrastructure and private equity funds. He has also had experience as an equity fund manager and is a qualified risk management professional.
Neil joined Carne from Irish Life Investment Managers, where he was Head of Alternative Investments, overseeing an external hedge fund manager portfolio. He also supervised ILIM’s illiquid investments in private equity and infrastructure, including acting as an independent director on a number of investee companies. He began his career with Irish Life as a sector-focused fund manager overseeing part of a €4 billion portfolio. Prior to this, Neil was a Senior Equity Analyst for Goodbody Stockbrokers in Dublin. He has also worked as an engineer with a number of leading engineering and telecoms firms in Ireland.
Neil has a Bachelor of Electrical Engineering from University College Cork and a Master of Business Administration from the Smurfit School of Business, University College, Dublin. He is a Chartered Alternative Investment Analyst (CAIA) and a Financial Risk Manager (FRM – Global Association of Risk Professionals).
Steve Bernat is the CEO of Carne’s Luxembourg business and a highly experienced investment fund expert with strong background in funds distribution and operations. He is responsible for managing the day to day business of Carne’s Luxembourg office and its management company.
Steve has almost two decades of experience in theinternational funds industry, working to facilitate the requirements of fund management clients from across the globe. He has a background in fund services, and was most recently a member of the Executive Committee at Lemanik Asset Management, where he was also acting as General Manager of Lemanik’s Dublin branch. He worked for seven years at Citi with its European Fund Services and Securities division, and prior to this was employed by State Street/International Financial Data Services (IFDS), where he managed the client relations team. Steve has also worked with Pioneer Investments.
Steve speaks English, German, French and Luxembourgish. He is an active member of fund industry committees and working groups and a regular speaker at conferences around the globe.
John joined the Carne Group in Luxembourg in Q2 of 2014 as Managing Director. He brings with him a strong management and operations background with over 30 years’ experience in the funds’ industry. Prior to joining the Carne Group, John was a Managing Director of Legg Mason International and served as director on the Legg Mason and Western Asset fund ranges in Luxembourg, Ireland as well the UK and Cayman Islands. He was also director and acting COO of Legg Mason’s Luxembourg based UCITS management company. John’s governance responsibilities included overseeing the risk management and compliance functions as well as monitoring fund operations (i.e. NAV production and TA services). His business responsibilities spanned product management and implementation (including fund passporting activities).
BSc Hons in Mathematics and Computing
Diploma in Computer Science
Certificate of Business Administration
English, French, German & Luxembourgish
Thomas, a former investment manager, acts as an independent director and conducting officer for a number of Luxembourg funds and has over 20 years of experience in the financial industry. He also sits on Cayman fund boards. Thomas is a seasoned risk manager with specialist knowledge of investment compliance and risk management within UCITS funds, including how to develop and implement the risk management function for UCITS structures and SIFs. This has particular relevance for the projected AIFM risk management requirements.
In addition Thomas is familiar with structuring and maintaining delegate/service provider oversight policies for Boards and Management Companies. He plays an active role with ALRiM (the Luxembourg association of risk management professionals) and is well known in the industry as a risk and product expert, advising regulators on policy formation for UCITS and alternative funds. Furthermore he is Co-Chairman of ALFI´s Risk Management Committee.
Thomas was Director and Chief Risk Officer for Allianz Global Investors Luxembourg S.A., where he worked for eight years, including as European Head of Outsourcing Risk for all management companies at Allianz Global Investors Europe. Prior to this he was employed by ADIG Investment in Luxembourg, focusing on fund management. He began his financial career as an options trader (EUREX market maker) for AGON in Cologne. Thomas has a degree (Dipl. Kaufmann) from the University of Trier, Germany, and a post-graduate qualification (Financial Analyst – CEFA) from the Society of Investment Professionals in Germany (DVFA).
Tracey has over 20 years’ experience in the investment funds industry. She acts as an independent director and conducting officer for a number of Luxembourg funds on both UCITS (mixed strategies) and alternative investment funds (mixed and infrastructure AIFs). In her capacity as Conducting Officer she has undertaken oversight roles for fund operations, fund performance, risk and distribution. She works on and liaises with boards of directors and also works closely with administrators, custodians, lawyers, clients and the CSSF (the Luxembourg financial regulator). Tracey is an active participant (Luxembourg’s fund industry association), the ILA (Luxembourg’s directors’ association) and she is a member of the Conducting Officer Forum. She participates in various other ALFI committees and has spoken on panels at industry forums. To fund boards she brings her considerable experience of operational and regulatory issues affecting cross-border funds in Europe.
Prior to joining Carne Tracey was General Manager of PFPC in Luxembourg, responsible for day to day operational management of fund accounting, transfer agency, relationship management, business development, new systems implementation, and budgetary and financial matters. Before she worked with PFPC Tracey spent five years at BNP Securities Services in Luxembourg where she was Head of Client Services. She has also worked as a Global Custody Manager with Deutsche International Ireland. She holds a Degree in Financial Services from University College Dublin.
Veronica has spent over a dozen years within the asset management industry. As a fund director her specialist areas include governance, product development and the successful launch of Dublin and Luxembourg-domiciled funds in both the traditional and alternative spheres.
As manager in Carne’s fund passporting and registration team, Veronica has built up extensive knowledge of UCITS distribution and oversight issues. She is also familiar with the demands of compliance and regulation of funds across Europe.
Prior to joining Carne in 2006, Veronica was a compliance specialist with Fleming Family & Partners in London. She has also been a consultant within the Regulatory Consulting Practice at PricewaterhouseCoopers in London, focusing on the fund management sector. She holds a degree in Aeronautical Engineering from the University of Southampton and a Masters in Design Management..
Anil is a highly experienced fund director and Conducting Officer with board level experience of Luxembourg UCITS and AIFs. He is also part of Carne’s Luxembourg-based risk team and has implemented AIFMD risk management for AIFs as well as working on Annex IV reporting solutions for management companies.
Anil has had an extensive career in financial services including serving as Head of Risk Management at another Luxembourg Manco., and was responsible for UCITS and AIF funds. Previously, Anil was a portfolio manager managing various funds (FoFs), involved in macro research, fund selection, portfolio optimisation, risk management and trading. Anil has significant asset management, financial securities and derivatives experience as well investing in funds (plain vanilla, ETFs & hedge), and portfolio management of HNI clients.
Anil has a Master’s degree in Financial Management from Vlerick Business School in Belgium, and a Bachelor’s degree in Technology from Anna University in India. He is an active member of the ALFI Risk Management Committee’s working group on market risk reporting and ALFI’s AIFMD Reporting group.
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.
Alex is a Luxembourg-resident independent director and conducting officer on UCITS, SIF & AIF funds and has over 20 years of experience of fund launches, project management, risk management, compliance and day to day fund operations. He is a highly seasoned professional with in-depth knowledge of fund operations. Alex is particularly familiar with the many service provider-related issues which face funds, including pricing, financials, yearend regulatory requirements, ongoing due diligence reporting, fund accounting, investment compliance, custody, IT and tax. He has experience of setting up and managing securities lending programs and the management of sub-advisor relationships, amongst other critical issues. Since joining Carne group in early 2010, Alex has assisted a number of managers to establish regulated funds in Luxembourg. This includes project managing all activities of the launch process with the investment managers / promoters, service providers and lawyers.
Alex is an active member of ALFI’s Due Diligence Reviews of Service Providers.
Prior to joining Carne in 2010 Alex was a director at American Express Bank for 9 years based in New York and Luxembourg in charge of the compliance and risk oversight for a number of Luxembourg domiciled funds. Before he worked at American Express Bank Alex spent 4 years at Soros Fund Management in New York working on private and family funds for Mr. George Soros.
Aymeric is Director of Carne Global Financial Services, UK Limited. He has a thorough knowledge of the regulatory and distribution environment for European funds, including UCITS and EU professional funds, and is particularly knowledgeable about key European markets for investment products. His specialist areas are corporate governance and product structuring.
Aymeric has also assisted a number of managers launching various types of funds including UCITS traditional funds, alternative UCITS, hedge funds and private equity funds. These covered multiple jurisdictions including the Cayman Islands, Ireland and Luxembourg.
Aymeric worked for nine years with Merrill Lynch in three countries, finishing his career there as Chief Operating Officer of the Zurich private wealth management office and manager in charge of the Monaco private wealth office. After leaving Merrill Lynch, Aymeric led the restructuring of a family-owned business as CEO. Aymeric holds a Business Degree from European Business School London and has also taken the Financial Industry Exam Series 7, Series 3, Series 8 and SFA.
Bill is a highly experienced operations and business manager with an established track record in the international pooled fund investment industry, including private placed and publicly offered funds. He has over 23 years of experience in the financial services industry. Bill’s expertise covers governance, product development and management, risk, UCITS and other regulatory structures.
Bill has been involved in the launch of many innovative fund products and has implemented highly tuned client servicing processes. Bill also brings to boards his in-depth understanding of fixed income and derivatives markets and current country registration requirements, which he developed during his time with PIMCO and JP Morgan. Bill has managed complex cross-border mergers of UCITS and AIFs for a number of clients.
Prior to joining Carne, Bill worked as a Vice President, Senior Manager Product Development, Global Liquidity EMEA at JPMorgan Asset Management. Previously, he was with PIMCO, where he had responsibility for overseeing the operations and administration of the PIMCO international pooled fund product ranges. Bill holds a BA in English from Oberlin College and an MBA from the University of California, Irvine.
Chris is a Managing Director in Carne’s London office. He joined the firm in January 2009. He specialises in governance and risk services for alternative and traditional investment funds in Europe and Asia, in particular hedge and equity funds.
As an independent director Chris brings a fundamental understanding of the manager’s and investor’s requirements in light of legal and regulatory demands. He has over 20 years of experience in the fund industry working with top tier clients and has a background in prime brokerage services for alternative funds.
Prior to joining Carne, Chris was a senior member of the management team at Deutsche Bank in London and Hong Kong, where he focused on the growth of the bank’s hedge fund business including Equity, OTC, FX and Fixed Income. As part of the Global Market Equity Division, Chris worked on aspects of sales, financing, clearing, controls, reporting, margin, legal and credit within Deutsche Bank. As a member of Deutsche Bank’s Prime Brokerage Consulting & Transition Management team he has worked with service providers, software vendors, administrators and custodians.
Before joining Deutsche Bank Chris worked at Prudential Bache Securities and Credit Suisse Buckmaster & Moore Securities in London.
Joe manages Carne’s New York office and has over 25 years’ of experience in the asset management industry. Joe is a seasoned fund director, and has 15+ years of board experience in Luxembourg, the Cayman Islands and the US. His product development and management proficiency along with his extensive experience in the oversight of external service providers to collective investment funds is highly valued by his current clients.
Joe currently sits on the boards of hedge funds and traditional long only funds and aids US and Canadian fund managers with their offshore structuring and global distribution requirements. Joe regularly advises on the creation of UCITS and AIFMD compliant vehicles and has an extensive record in project managing sophisticated fund launches.
Joe spent 13 years at American Express, acting as a director on the boards of its hedge funds, UCITS range and private equity funds and overseeing its offshore collective investment funds business. Prior to this he worked at Alliance Bernstein, where he managed financial controls and operational risk.
Scott is an independent director and risk officer serving on U.S. and offshore long only and hedge fund boards. With a 25 year track record in the investment industry, he has worked at the senior executive level in ’40 Act and alternative fund firms where he has managed critical business and risk activities, including operations, client servicing, legal, compliance, distribution, IT, human resources, corporate development, strategic planning, and treasury.
Among previous positions, Scott was Chief Operating Officer and Chief Financial Officer at Aurora Investment Management and Executive Vice President and Chief Administrative Officer at Calamos Asset Management. Between 2000 and 2005 he held senior roles at Northern Trust Global Investments, including as Global Chief Operating Officer of Northern Trust’s passive and quantitative business. He has also worked as an attorney and head of the separate account business for Nuveen Investments, as well as a corporate and securities law attorney at Schiff Hardin in Chicago.
Scott graduated from Trinity College, CT, and has a Juris Doctorate from Northwestern University School of Law. He is a member of the CFA Institute and CFA Society of Chicago, and completed the CIMA Program at the Wharton School. He sits on the Investment Committee of the Chicago Community Trust and the Board of Directors of the Geneva Lake Association.
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.