Julie O’Hara is the latest independent fund director to join Carne Group’s Cayman Islands office.
O’Hara is the fourth Carne director now resident in the Cayman Islands and available for fund boards. Her appointment brings the total number of the firm’s fund directors to 20.
John Donohoe, chief executive of Carne, says: “Carne’s expansion to 20 full time fund directors globally 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 Carne 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.
O’Hara says: “It is a very exciting time to be joining Carne, as the firm grows to meet the requirements of its blue chip client base. 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. I and my colleagues at Carne will be working to assist the industry in meeting those standards.”