People Moves

Carne Group Adds To Cayman Islands Fund Team As Demand Expands

Tom Burroughes Group Editor January 14, 2013

Carne Group Adds To Cayman Islands Fund Team As Demand Expands

Carne Group, which specializes in advising asset managers
about how they should be run, has appointed Julie O’Hara as an independent fund
director at its Cayman Islands office.

O’Hara is the fourth Carne director now resident in the Caribbean jurisdiction and available for fund boards. Her
appointment brings the total number of the firm’s fund directors to 20, it said
in a statement today.

High demand from clients, driven by developments such as
tougher regulatory requirements, is driving such appointments, said John
Donohoe, chief executive of Carne.  

O’Hara previously worked at Ogier, the law firm, in the Cayman Islands, where she was a managing associate in the
business and trust law group, specializing in hedge funds, private equity
funds, Shariah-compliant funds and real estate funds. She has 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 [O’Hara] are
in high demand.”

Among other roles, O’Hara is a member of the Cayman Islands
Bar Association and the Cayman Islands Law Society.

Carne has fund directors resident in jurisdictions including
the Cayman Islands, Ireland,
Luxembourg, Switzerland, the UK and US.

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