Ireland Funds

Carne is an established provider of governance and distribution solutions for Irish-domiciled funds. We provide a range of services that can support the establishment and ongoing operation of Irish investment vehicles.

Management Companies

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Fund Directors

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MLRO

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Designated Persons

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Fund Registration

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Contact Us

Carne Global Financial Services Limited
2nd Floor Block E Iveagh Court
Harcourt Road
Dublin 2

Bridge in Ireland

Ireland Fund Directors

John Donohoe

John Donohoe

Email: john.donohoe@carnegroup.com
Phone: +353 1 489 6800
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John Skelly

John Skelly

Email: john.skelly@carnegroup.com
Phone: +353 1 489 6806
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Teddy Otto

Teddy Otto

Email: teddy.otto@carnegroup.com
Phone: +353 1 489 6820
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Yvonne Connolly

Yvonne Connolly

Justin Egan

Justin Egan

Email: justin.egan@carnegroup.com
Phone: +353 1 489 6845
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Syl O’Byrne

Syl O'Byrne

Email: syl.obyrne@carnegroup.com
Phone: +353 1 489 6832
Mobile: 087 929 2934
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Elizabeth Beazley

Elizabeth Beazley

Des Fullam

Des Fullam

Email: des.fullam@carnegroup.com
Phone: +353 1 489 6805
Mobile: 086 807 4436
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Neil Clifford

Neil Clifford

Email: neil.clifford@carnegroup.com
Phone: +353 (1) 489 6843
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Kevin Nolan

Kevin Nolan

Email: kevin.nolan@carnegroup.com
Phone: +353 (1) 489 6835
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John Donohoe

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.

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John Skelly

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.

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Teddy Otto

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.

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Yvonne Connolly

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.

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Justin Egan

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.

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Syl O’Byrne

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.

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Elizabeth Beazley

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.

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Des Fullam

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.

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Neil Clifford

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).

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Kevin Nolan

Kevin joined the Carne Group as Group Finance Director in February 2015 and took responsibility for the Group’s global financial management systems. He is a qualified Chartered Accountant, with over 25 years of experience across a variety of industries including travel, security, telecommunications and financial services.

Kevin is highly experienced in the streamlining of business operations that drive growth and bottom line profit and especially in the areas of revenue management, developing and implementing financial controls, I.T. and product procurement.

Having previously been a Chief Financial Officer for 15 years in the travel industry in Ireland, Kevin was honoured by his industry peers by being elected to serve as President of the Irish Tour Operators Federation in 2010 and 2011.

Since joining Carne, Kevin has immersed himself in all aspects of the Group’s global business and has become well-versed in a wide variety of issues within the Asset Management Industry.

Kevin has joined the board of Carne’s Non – EU Channel Islands AIFM as Chief Financial Officer.

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Kevin Nolan

Kevin joined the Carne Group as Group Finance Director in February 2015 and took responsibility for the Group’s global financial management systems. He is a qualified Chartered Accountant, with over 25 years of experience across a variety of industries including travel, security, telecommunications and financial services.

Kevin is highly experienced in the streamlining of business operations that drive growth and bottom line profit and especially in the areas of revenue management, developing and implementing financial controls, I.T. and product procurement.

Having previously been a Chief Financial Officer for 15 years in the travel industry in Ireland, Kevin was honoured by his industry peers by being elected to serve as President of the Irish Tour Operators Federation in 2010 and 2011.

Since joining Carne, Kevin has immersed himself in all aspects of the Group’s global business and has become well-versed in a wide variety of issues within the Asset Management Industry.

Kevin has joined the board of Carne’s Non – EU Channel Islands AIFM as Chief Financial Officer.

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Neil Clifford

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).

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