Carne has a long history of supporting UCITS fund launches and providing ongoing governance and oversight for UCITS funds. With offices in both Ireland and Luxembourg, the leading domiciles for cross-border UCITS vehicles, we are well-placed to help managers to meet their obligations under the UCITS Directive.
Carne maintains fully-licensed UCITS management companies in Ireland and Luxembourg that can be used to support the launch and distribution of UCITS funds. Our UCITS management companies represent an operationally ready solution, complete with independent directors, risk management and designated persons/conducting officers.
Carne can advise on the compatibility of an investment strategy and provide training and guidance on the best domicile and the choice of reliable service providers.
We constantly monitor the evolving regulatory landscape and frequently update clients on critical legal and operational issues.
To find out more about how Carne can help you with your planned or existing UCITS please contact:
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.
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.
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.
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.