Carne names two investment professionals to risk management team

Carne Group has appointed Gerry Grimes and Albert Prendiville to its Irish governance team, to provide support to clients operating funds under the AIFM Directive.

Prendiville and Grimes are joining Carne to deliver risk management capabilities to its client base of leading global fund managers, both with a proofed record in investment and risk management.

Albert Prendiville was previously head of Treasury in Ireland at Commerzbank Europe Prior and a senior manager with responsibility for a trading desk at KBC in Ireland.

Prendiville’s skills cover a wide range of markets and instruments, including fixed income, forex, interest rate products and CDS.

Gerry Grimes has over 30 years of experience in financial markets, including as the founder and managing director of alternative investments business at Allied Irish Capital Management.

Grimes also worked at the Central Bank of Ireland where he held a number of senior roles, including head of money markets and head of official external reserves management.

“Their considerable experience in financial markets and risk management will help us to provide additional risk management expertise to complement our existing governance and oversight solutions,” John Donohoe, CEO at Carne Group, commented.

John Skelly, principal with Carne Group, Ireland, said: “These appointments come at a time when many fund managers are looking at their options with regard to the AIFM Directive. Managers of non-Ucits funds will have to comply with this Directive.”


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