Carne Group has named Michelle Wilson-Clarke as the latest addition to its team of Cayman Islands fund directors.
Carne’s Cayman Islands office now has seven independent fund directors.
Wilson-Clarke joins Carne from Intertrust Fund Services (Cayman) Limited.
Prior to that she was with Walkers Fund Services (WFS), a division of offshore law firm Walkers, which was acquired in 2012 by the Intertrust Group, where she was instrumental in the growth and development of the fiduciary services team. She began her financial services career with Wellington Management Company n Boston, Massachusetts.
At Wellington, Wilson-Clarke was vice president and relationship analyst for a number of large mutual fund sponsors, endowments and foundations. In this role she formulated, reviewed and oversaw the implementation of investment strategies and policies for client portfolios.
John Donohoe, chief executive of Carne, says: "We're very pleased to welcome a fund director of Michelle’s calibre to our Cayman Islands office. Michelle has served for many years on funds sponsored by some of the largest hedge fund managers and global institutions. She arrives at a time when fund managers and investors are placing increased importance on the appointment of experienced high calibre independent directors to fund boards. Her expertise in capital markets, governance and compliance will be of particular value to our clients."
Wilson-Clarke adds: "Fund managers in the US and elsewhere are now embracing the need for independent, institutional standard fund governance in order to meet the enhanced oversight requirements from both regulators and investors. I’m looking forward to working with my Carne colleagues and my clients to meet these demands."
Carne now has seven full time independent fund directors in the Cayman Islands, with further support from its total of 27 fund directors around the world, including Ireland, Luxembourg, the US, UK and Switzerland.