I joined Carne in April 2020 as the Head of Investment Manager Due Diligence. Prior to joining Carne I worked at JP Morgan’s Private Bank in the Operational Due Diligence (ODD) team, where my main responsibility was to assess the operational risks of European and Asian investment managers, to ensure that they were suitable for…
Carne Group is committed to providing a safe and healthy workplace for our people, our business partners and our community. To ensure that, the majority of our teams are still working remotely. We are continuing to operate as one global team delivering efficient and effective assistance to our clients all over the world utilising our…
The Covid- 19 pandemic continues to accelerate change and digitalisation at a pace that didn’t seem possible just six months ago. Traditional ways of working changed overnight with the digital estate of industry organisations undergoing a serious stress test in the intervening months. The result has been a reordering of priorities. Recent surveys reveal that…
The Central Bank of Ireland held its second Authorisation Seminar in June with the focus on Qualifying Investor Alternative Investment Funds more commonly known as QIAIFs. QIAIFs are approved by the Central Bank within 24 hours of filing the required documentation and since 2007, over 2,500 QIAIFs have been authorised representing almost 50% of the…
On 25 June 2020, The Minister for Finance signed into Irish Law the Statutory Instrument No 223 of 2020 – ‘European Union (Modifications of Statutory Instrument No. 110 of 2019) (Registration of Beneficial Ownership of Certain Financial Vehicles) Regulations 2020’ (the “S.I.”). The S.I. requires Irish Collective Asset-Management Vehicles (“ICAVs”) and unit trusts to submit…
We are delighted to launch our series of thought leadership interviews, PERSPECTIVES. The events of 2020 are reshaping how we think about our lives and the world we live in. Perspectives is our opportunity to share insights from guest speakers who each have very different backgrounds, roles and points of view. We asked each speaker…
Carne is the fastest growing Management Company in Luxembourg according to the latest PwC Management Company Barometer. Carne Luxembourg grew by a phenomenal 312% in 2019, the highest reported figure amongst the Top 10 Third-Party Management Companies. Carne has been at the heart of the funds industry in Luxembourg for well over a decade and…
Following the CSSF’s FAQ of 25th November 2019, Luxembourg funds are legally required to appoint both a “Responsable du respect des Obligations” (RR) and a “Responsable du contrôle du respect des obligations” (RC) to oversee compliance with Luxembourg Anti Money Laundering (AML) and Countering the Financing of Terrorism (CFT) requirements. To find out more about…
It is a requirement for all directors of Cayman domiciled funds and GPs to complete Cayman specific AML training on an annual basis. This is a requirement whether directors are based in the Cayman Islands or not. To find out more about your obligations and how we can help you meet them through our online…
Welcome to Talking Point! Talking Point is a regular bulletin providing an insight into some of the key issues and opportunities that our clients and industry partners have been talking to us about over the past week. This industry snapshot is designed to be a two-way conversation, so please tell us about the issues or…