2 October 2025 –  Carne Group (Carne), Europe’s largest third-party management company (ManCo) and a leading provider of fund regulation and governance solutions, has appointed Saro Grano as Chief Executive Officer of its Swiss management company, Carne Global Fund Managers (Switzerland) Ltd., effective 1^st October 2025. Building on Carne’s leading position in the market, Saro’s appointment will further support the firm’s commitment to being a strategic partner to Swiss asset and wealth managers, as well as global firms seeking to expand geographically, including into Switzerland and into new asset classes.

Saro brings over 20 years of leadership in asset management, including fund structuring fund governance and regulatory affairs. Most recently, he served as Head of ETF Platforms & Strategic Initiatives at Zürcher Kantonalbank (ZKB) Asset Management, where he led the development and international expansion of the bank’s ETF business. His previous roles at ZKB included Deputy Head of Legal – Asset Management and Head of Legal – Swisscanto Fund Management Company Ltd., where he oversaw legal and compliance matters across collective investment schemes, strategic initiatives, and M&A activity.

Since integrating GAM’s Swiss Private Label Fund business in 2024, Carne Switzerland’s assets under management have grown to CHF 8.1 billion as of June 2025. The Swiss team has also expanded significantly, reflecting Carne’s strong momentum in this strategically important market.

Mark Stockley, Group Chief Business Development Officer at Carne, commented: “We are delighted to welcome Saro to Carne. His deep expertise in legal and regulatory affairs, combined with his leadership in ETF strategy and fund governance, makes him uniquely positioned to lead our Swiss business into its next phase of growth. Based in Zurich, Saro will focus on strengthening Carne’s presence and delivering tailored solutions to investment managers and asset owners, including private asset and ETF capabilities across Switzerland and broader European fund domiciles. His appointment underscores our long-term commitment to Switzerland as a key growth market and reinforces our strategy to provide innovative, high-quality solutions to institutional clients across Europe.”