Cayman Carne Group adds another independent fund director
By Caroline Allen Investment Europe
Carne Group has selected Julie O’Hara as the latest independent fund director to join its Cayman Islands office – the fourth Carne director now resident in the Cayman Islands and available for fund boards.
O’Hara’s appointment brings the total number of the firm’s fund directors to twenty.
John Donohoe, chief executive of Carne, said the expanding number of directors is the result of the “increasing demand for our formula of low numbers of directorships per individual, coupled with a high degree of attention to our clients and their funds”.
“This is what investors and regulators are asking for, and we will continue to work hard to help the fund industry meet these demands.”
O’Hara joins from law firm Ogier in the Cayman Islands, where she was a managing associate in the Business and Trust law group, specialising in hedge funds, private equity funds, Shariah-compliant funds and real estate funds. She has extensive experience in corporate and commercial law, offshore investment funds, fund listings and fund restructuring.
Peter Heaps, managing director of Carne in the Cayman Islands, added: “As the regulatory environment in the US begins to place increasing emphasis on fund governance, directors like Julie are in high demand.”
O’Hara commented that the increasingly institutional nature of the hedge funds industry means that independent fund directors and fund boards must measure up to much higher standards of governance. She is a member of the Cayman Islands Bar Association and the Cayman Islands Law Society.
Carne now works with 12 out of the 15 largest asset management groups in the world and many of the leading hedge funds. The firm has fund directors resident in the key fund jurisdictions, including the Cayman Islands, Ireland, Luxembourg, Switzerland, the United Kingdom and USA.
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