26 Apr 2010
Carne Global Financial Services has announced the opening of its New York office to complement its presence in Dublin, Dubai, Luxembourg, London, Geneva and the Cayman Islands.
Joe Hardiman, Managing Director, and Paul Bishop, Director, will lead the US business. Hardiman was previously Global Head of Mutual Fund Products for American Express Bank with full responsibility for the International mutual fund business distributed in Europe, Asia and Latin America. Prior to that, he was an executive with Alliance Bernstein for ten years.
Paul Bishop was previously Director of Offshore Operations for American Express Bank and has over 16 years of mutual fund and alternative product experience. He was responsible for day-to-day operations of the Luxembourg-based asset management company, including oversight of audit, personnel, compliance, risk management, and vendor management. Before AEB, Mr Bishop worked at Alliance Bernstein Asset Management.
Hardiman and Bishop will focus on assisting alternative and traditional managers in establishing Irish, Luxembourg and Cayman Island funds. They will also develop and implement plans for re-domiciling existing funds to regulated jurisdictions and provide assistance with the distribution of funds outside the United States.
Joe Hardiman, Managing Director, and Paul Bishop, Director, will lead the US business. Hardiman was previously Global Head of Mutual Fund Products for American Express Bank with full responsibility for the International mutual fund business distributed in Europe, Asia and Latin America. Prior to that, he was an executive with Alliance Bernstein for ten years.
Paul Bishop was previously Director of Offshore Operations for American Express Bank and has over 16 years of mutual fund and alternative product experience. He was responsible for day-to-day operations of the Luxembourg-based asset management company, including oversight of audit, personnel, compliance, risk management, and vendor management. Before AEB, Mr Bishop worked at Alliance Bernstein Asset Management.
Hardiman and Bishop will focus on assisting alternative and traditional managers in establishing Irish, Luxembourg and Cayman Island funds. They will also develop and implement plans for re-domiciling existing funds to regulated jurisdictions and provide assistance with the distribution of funds outside the United States.
John Donohoe, Carne Group CEO, commented: “We are working with a large number of hedge and traditional managers in establishing alternative UCITS, ETFs and other fund products in Ireland and Luxembourg. Joe and Paul can provide much needed assistance to them. European investors are increasingly demanding regulated products and managers are examining solutions for this, as well as proposals for the European Union’s Alternative Investment Managers Directive. We are committed to improving the corporate governance of unregulated funds through the Carne Global Fund Directorship programme.
Joe Hardiman, Managing Director, commented: “Carne is the global leader in alternative UCITS. US hedge fund managers must participate in this rich opportunity. We are dedicated to assisting them in establishing these funds as well as supporting US managers of all types as they look to unlock European and Asian distribution opportunities.”
