Carne Adds Industry Vets To Irish Team

May 29 2013 | 9:43am ET

Hedge fund governance advisor Carne Group has made two senior appointments to its Irish governance team: Albert Prendiville and Gerry Grimes.

Prendiville joins Carne from Commerzbank Europe, where he was head of treasury in Ireland. Prior to this he was a senior manager with responsibility for a trading desk at KBC in Ireland. In his 25+ years in capital markets he has also worked at Dresdner Bank and Capel Cure Myers and is familiar with a wide range of markets and instruments including fixed income, forex, interest rate products and CDS.

Grimes, an experienced risk professional with over 30 years of experience in financial markets, was founder and managing director of the €1.5 billion alternative investments business at Allied Irish Capital Management. He also worked at the Central Bank of Ireland, holding a number of senior roles, including head of money markets and head of official external reserves management. He has also served as deputy chairman of the hedge fund lobby group AIMA.

Said Carne Group CEO John Donohoe in a statement: “We're very excited to add Albert and Gerry to our market-leading governance team here in Ireland. 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. It is important that a solution such as this is overseen by professionals who have the investment experience required by the Alternative Investment Fund Managers (AIFMD) directive.”

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