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Carne hires experienced Cayman Islands legal partner for independent director duties

Carne Global Financial Services has appointed Roisin Cater as an independent director for the boards of client funds in the Cayman Islands.

Cater is a highly experienced Cayman Islands lawyer with an extensive track record in the funds business, including with law firm Mourant, where she was Managing Partner, and the Cayman Islands Stock Exchange (CSX), where she worked as a Senior Listing Executive. She was appointed to the board of the CSX in 2007, and is also a member of the listing committee, reviewing and approving listing requests. She originally trained with Linklaters London.

John Donohoe, Chief Executive of Carne, says: “Roisin has acted as an independent director for the last two years and we are very pleased to be able to recruit somebody of Roisin’s calibre as one of our independent directors. Her legal and regulatory experience in investment funds means she will be a great addition to the boards of those funds she sits on. Her presence will also help our clients to meet the increasingly stringent demands investors are making of Cayman Islands fund boards.”

Cater will be working alongside Managing Director Peter Heaps in the Cayman Islands office of Carne, which looks after the fund governance requirements of investment management clients with Cayman Islands structures.

Peter Heaps, Managing Director of Carne’s Cayman Islands office, says: “Roisin is an excellent addition to the Cayman Islands office. Her long track record in the funds business brings real credibility and depth of knowledge, which is essential for independent fund directors in today’s demanding governance environment.”

Cater began her career in the investment funds department of Linklaters in London and also worked as a Senior Associate with Ogier where she specialised in advising mutual funds and investment managers on a broad range of structures and transactions. She has been dealing with investment funds in the Cayman Islands for more than 15 years. She is a member of the Cayman Islands Directors’ Association and AIMA (Alternative Investment Management Association).

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