Along with our existing governance services, Carne can also provide experienced Risk Directors, independent fund directors with additional skills derived from their careers in banking, fund management or as risk management professionals.
Risk Directors can fulfil both the function of independent oversight for the board of a fund and that of an additional, risk-focused approach to the fund’s governance. As regulators and European directives focus ever more attention on effective risk reporting and documentation at the board level, we find that our Risk Directors are in demand from asset managers seeking an additional level of comfort at the fund governance level.
Carne Risk Directors are available in all the major fund jurisdictions in which we provide governance services. In addition, they draw on the markets and illiquid assets expertise of our central risk team to provide a more highly informed level of oversight and reporting on underlying fund strategies.
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.
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).