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Leading international law firm, Mourant Ozannes, has appointed Morven McMillan (pictured) and Julian Fletcher as Partners. Both will be based in the firm’s Cayman Islands office.
Neal Lomax, Mourant Ozannes’ Managing Partner in the Cayman Islands, says:
"I am delighted to welcome Morven and Julian to the partnership. Their appointments will further strengthen Mourant Ozannes’ trusts and funds capabilities in Cayman. They both have a wealth of experience which will help us meet growing client demand for these areas of the practice."
The promotions follow a number of recent senior hires for Mourant Ozannes’ Cayman office, including Robert Duggan, Simon
Faris Abdulrazzaq (pictured), Senior portfolio manager for Menasa Capital Management, examines the impact of regime change across the Arab world.
Reverberations from the recent revolutions in Tunisia and Egypt have been felt across the Arab World, far beyond the geographic boundaries of the countries involved. Protests in Libya and Bahrain have added to regional uncertainty and volatility in the markets.
The Egyptian market remained closed for the entire month of February whilst the hardest hit markets were Oman and Qatar, down 10.2% and 9.3% respectively for the month of February, while Dubai lost 8.1% and Saudi 6.6%.
Investors
Carne Global Financial Services, a provider of governance services to the global fund management industry, has appointed Carmel Jordan to its existing team of independent Dublin-based fund directors. Carne provides directors for a wide range of different fund structures and management companies for regulated funds.


Jordan spent 18 years with the Bank of Ireland Group, where she held senior positions at group level as well as with Bank of Ireland Securities Services.She began her career with PriceWaterhouseCoopers.

John Donohoe (pictured), Chief Executive of Carne, says: “We are very pleased to have someone of Carmel’s calibre joining us as an independent
RBC Dexia Investors Services Asia and Calastone, the global messaging and settlement transaction network for the global fund industry, have formed a strategic alliance to increase investment fund automation in Asia.
The move is being made in response to the significant growth in the Asian fund market, and is a major step towards greater efficiency in fund transactions in the region.
RBC Dexia’s Asian fund promoter clients and their respective fund distributors will benefit from direct connectivity to Calastone’s fund messaging and translation service. Asian fund distributors can connect directly to the network to deal into Asian domestic
U.S. Bancorp Fund Services has named Angie Pingel vice president and legal compliance officer. Pingel will specialise in registered proprietary fund and multiple series trust regulation and provide counsel on the Investment Company Act of 1940 and related securities laws to clients.
“Angie brings more than 15 years of experience in the mutual fund and general securities industries to U.S. Bancorp Fund Services. Her depth of experience and knowledge will provide additional support and expertise to our clients,” says Jeanine Bajczyk, senior vice president and director of the Legal Administration department at U.S. Bancorp Fund Services.
Pingel rejoined U.S.
The management team at Legis has successfully completed a buyout of the business. The share capital of the funds, corporate services and trust business has been acquired by a newly-formed holding company, Legis Group Holdings Limited, with funding from HSBC and backed by a significant investment from Bailiwick Investments Limited.
Chief Executive Stuart Platt-Ransom says: “We have assembled an experienced and dynamic management team and, under their ownership, Legis is now positioned to become a best of breed independent.”
Legis has almost doubled its staff numbers over the last three years with some staff working for the company for up
Dermot Butler (pictured), Chairman, Custom House Group Fund Services, outlines some of the key exemptions for investment advisers under the Dodd-Frank rule.
Last summer, in July 2010, the “Dodd-Frank Wall Street Reform and Consumer Protection Act” (‘Dodd -Frank Act’) was signed into law and, amongst other things, Title IV of Dodd- Frank amended the “US Investment Advisors Act of 1940” (‘IAA 1940’).
One of the important requirements of Dodd-Frank was that a broad range of both US and non-US fund managers and advisors had to register with the SEC by July this year. With this in mind, in November of
New York-headquartered PerTrac, the global financial software solutions provider to the investment industry, has teamed up with Alix Capital to host its UCITS Alternatives Index.
Singapore hedge fund, Quant Asset Management, has rolled out a UCITS III-compliant version of its BVI-domiciled Quant Global Equities fund reported FINAlternatives this week.
UK-based Thames River Capital – the recently acquired funds arm of F&C Group – is preparing to launch a UCITS III-compliant absolute return high yield bond fund in May to be
