Hedge fund governance advisory firm Carne Group has hired Cayman Islands lawyer Julie O'Hara to serve as a full-time independent director for hedge funds.
O'Hara is Carne's 20th full-time director and the fourth who lives in the Caymans. She formerly worked at law firm Ogier Cayman, where she specialized in hedge funds and private equity funds.
Carne CEO John Donohoe said her hire and the firm's expansion "is the result of the increasing demand for our formula of low numbers of directorships per individual, coupled with a high degree of attention to our clients and their funds. This is what investors and regulators are asking for, and we will continue to work hard to help the fund industry meet these demands."
"It is a very exciting time to be joining Carne, as the firm grows to meet the requirements of its blue chip client base," O'Hara added. "The increasingly institutional nature of the hedge funds industry means that independent fund directors and fund boards must measure up to much higher standards of governance."