Former Brevan Howard director joins Carne in AIFMD role

Handshake 3Carne Group, a governance and oversight service provider for asset managers, has recruited Paul Harris as an independent fund director.

Formerly a director with alternative asset manager Brevan Howard, Harris joins Carne's Channel Islands office. He will provide risk management and oversight support to Carne's management company and third-party self-managed funds that comply with the Alternative Investment Fund Managers Directive (AIFMD).

Harris previously worked as head of administration at Brevan Howard in Jersey, sitting on and chairing the boards of companies within the Brevan Howard group.

Mark Hodgson, managing director of Carne in the Channel Islands, says that demand for alternative investment fund management services in the Channel Islands is growing.

Carne opened an office in the Channel Islands in 2014 to provide governance and distribution support for alternative fund managers wishing to domicile in Jersey or Guernsey.

This has included the launch of an AIFMD-compliant management company, authorised by the Jersey Financial Services Commission in October 2014, which is being used to support fund distribution into the UK.

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