United States: Carne Appoints Fred Schilling To US Team Of Fund Directors
Last Updated: May 8 2012

Former Barclays Capital and Bear Stearns Senior Managing Director to provide governance and oversight support for US hedge funds

NEW YORK – Carne Group, one of the leading global providers of hedge fund governance, has appointed senior US banker Fred Schilling as a Managing Director in its US office. The appointment comes as Carne expands its governance and oversight business in North America.

Schilling is a veteran prime broking professional of more than three decades' experience. He helped to found and build up Bear Stearns' hedge fund prime brokerage into an industry-leading business. He spent more than 20 years at Bear Stearns, where he was a Senior Managing Director and helped to launch and support some of the most successful hedge fund firms in the US.

Said John Donohoe, CEO of Carne Group: "Fred is a recognised figure on Wall Street with a strong and respected track record in the prime brokerage industry. He joins our team at a time when investors are placing increasing emphasis on the quality of governance and oversight in US hedge funds. Very few independent fund directors understand the complexities of prime brokerage and how it relates to the operations, risk management and capital raising of hedge funds like Fred does."

Fred 's skill set will complement those of the existing Carne hedge fund team in the US and the Cayman Islands, which is comprised of high calibre individuals with extensive track records in the asset management industry. This includes Joe Hardiman (ex-American Express) in New York and Peter Heaps (ex-RBC Dexia and HSBC/Bank of Bermuda), Roisin Cater (ex-Linklaters and Mourant du Feu & Jeune) and John Ackerley (ex-Bank of America and Maples Finance) in the Cayman Islands.

Said Fred Schilling: "It is obvious that investors and regulators are paying more attention to the issue of governance in the US than ever before. I will be helping Carne's clients meet these new challenges and achieve the higher standards of governance via fresh new approaches to the fund structure."

About Carne

Carne is an international specialist in the provision of independent governance services to the global asset management industry. We advise both hedge funds and traditional fund managers on their governance needs as well as providing independent Directors to the boards of some of the most respected hedge fund structures globally.

Carne has fund directors resident in the key fund jurisdictions, including the Cayman Islands, Ireland, Luxembourg, Switzerland, the UK and USA.


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