Carne Group completed the acquisition of the third-party fund management services business from GAM.

Carne Group, a provider of third-party fund management services, completed the acquisition of the third-party fund management services business from GAM, an investment manager. Financial terms were not disclosed. “As part of our strategy to be the leading partner in regulation and governance solutions for the funds industry, we are pleased to have collaborated with GAM in transferring their leading Swiss and Luxembourg third party management company clients and highly-respected team, to Carne Group. We look forward to bringing Carne’s extensive international capabilities to GAM clients as well as our new Swiss market solutions to existing clients looking to access one of the world’s largest financial centres,” John Donohoe, Carne Group CEO.