Fund management adviser Carne Global has created two new divisions to be headed up by new appointees, Phil Kitto and Sunil Chadda.
Chadda and Kitto have both joined from Citisoft, a London-based financial systems consultancy. They will head up the new alternative investment and wealth management technology and operational consultancy divisions.
Chadda will act as head of alternative investments, charged with handling the firm’s alternative investment technology and operational offerings for hedge funds, fund of hedge funds, fund administrators, prime brokers, and private equity managers.
Kitto will lead the global wealth management and private client division. He is to develop the firm’s technology capabilities and operational offerings for wealth managers and private banks, outsource providers and software vendors.
Carne Global advises around 100 clients with assets under supervision of over US$200 billion. It has more than 40 staff based in Dublin, London and Luxembourg. The new divisions are based in London.
Carne Global chief executive John Donohoe says: “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. We are fortunate to be able to meet this demand with the addition of such highly respected industry figures as Phil Kitto and Sunil Chadda.”