Carne Global Financial Services has announced the appointment of Justin Egan as Managing Director of the firm’s Luxembourg office.

Egan has particular expertise in establishing UCITS funds and has already assisted many traditional and alternative asset managers in establishing regulated funds in both Luxembourg and Ireland.

Egan also serves as an independent director, chairman and conducting officer on the boards of several investment funds and management companies.

Prior to joining Carne in 2005, Egan spent 12 years with State Street International (previously Deutsche Bank) in Dublin, where he held several positions including Head of Trustee Services and Head of Valuations and Fund Accounting. He was a director of State Street Custodial Services (Ireland) Limited and a member of the company’s management committee.

John Donohoe, CEO of Carne Global, said: “Against a background of rapid growth in the alternative UCITS market, with Justin’s appointment to Luxembourg we are putting one of our most senior executives on the ground to ensure we deliver the highest level of UCITS expertise to fund managers from Europe, Asia and North America who opt to use Luxembourg as their domicile of choice.”

Egan, Managing Director of Carne Global Financial Services Luxembourg, said: “Carne has been at the centre of the revolution in alternative investment funds establishing UCITS and I look forward to continuing this momentum by bringing our specific focus of expertise in this area to Luxembourg.”