European hedge fund advisor Carne Global Financial Services Group has announced the launch of alternative investment and wealth management technology and operational consultancy divisions in London.
Chief executive John Donohoe said, "The entire fund management industry - both traditional and alternative - is experiencing high demand for expertise in risk management and technology, particularly with the convergence of those industries with wealth management."
Carne said the new divisions add technology capabilities to the group's existing operational services and capitalise on its established presence within the hedge fund management industry. Carne also annonced the recruitment of Sunil Chadda and Phil Kitto.
Chadda joins Carne as head of alternative investments, he is previously of London-based financial systems consultancy Citisoft, where he was head of the hedge funds and derivatives practice for the past three years.
Kitto also joins Carne from Citisoft to lead the new global wealth management and private client division, after after a career including spells with UBS, Baring Asset Management and Mercury Asset Management.
The firm now advises more than 100 clients that oversee more than $200bn in assets, and has more than 40 staff in Dublin, London and Luxembourg, Chada offers expertise in hedge fund establishment, directorship programmes and hedge fund management operational and compliance services.