News & insights
Geneva, September 6, 2021 – Carnegie Fund Services participated in The Solutions GFI Geneva
Solutions GFI, an event dedicated to independent wealth managers, took place in Geneva on Monday, September 6. Carnegie Fund Services was pleased to participate in this event both as a sponsor and as a speaker, thanks to the presentation done by Alexandre Pini.
Our compliments go to the Sphere team for the impeccable organization of this very successful face-to-face event!
Geneva, 1 July 2021 – Carnegie Fund Services – Appointment of Adrian Hirt Head of Legal and Fund Compliance
Geneva July 1st, 2021. M. Adrian Hirt has been appointed Head of Legal and Fund Compliance with immediate effect. He succeeds Ms. Claudia Suter who decided to pursue new challenges after 7 years of excellent and loyal service.
After graduating from the University of Geneva with a Master’s Degree in Law, Adrian started working in the banking field and later changed to a life insurance company. Throughout his 15 years of experience, he occupied various positions as a Legal Counsel and Head of Compliance enabling him to gather a deep knowledge of financial and supervisory law, including collective investment schemes. Adrian is a polyglot speaking French, German, English and Spanish fluently. He joined Carnegie Fund Services Ltd. in March 2019 as a Legal Counsel in the Legal and Fund Compliance department.
Mr. Neil Carnegie, CEO of Carnegie Fund Services Ltd. together with the Board and the members of the Management Committee are happy to welcome Mr. Hirt as a new member of the management team of the company and look forward to benefitting from his experience and competence. We thank Ms. Claudia Suter for her loyal service and commitment and wish her all the best for the future.
Geneva, 25 May 2021 – Carnegie Fund Services SA (CFS) serving fund groups with over $10 trillion snaps up State Street veteran
Carnegie Fund Services SA (CFS), the leading Swiss Representative and Distributor of funds in Switzerland, has appointed John D. Campbell OBE as Chairman of its Advisory Board, with immediate effect. In this newly created role, Mr Campbell will report to Neil Carnegie, Chairman of CFS, as the business expands its capabilities via its FINMA and FSMA approved platform fundeye.com.
The press release is available in English via the following link:
Geneva, 28 April 2021 – SFDR working Paper
As recently confirmed, the EU Sustainable Finance Disclosure Regulation (SFDR), became effective on 10 March 2021. The SFDR imposes sustainability-related disclosure requirements on financial services institutions such as pension funds and investment firms. And by 31 December 2021, Financial Market Participants will also be required to complete their first set of disclosures against the EU Taxonomy. This working paper, in English, will give you an overview on these topics.
Geneva, 13 November 2020 – FinSA and FinIA: impact on foreign funds
Following the recent change published by the Swiss Parliament regarding the limitation on the Ombudsman affiliation requirement, we have update our note. Indeed, as of February 1, 2021, financial service providers that serve solely institutional or professional clients (excluding high-net-worth retail clients having opted out to be treated as professionals) will not need to be affiliated to an ombudsman anymore. A practical approach has been agreed with FINMA that the supervisory authority will not enforce this requirement in the period from 26 December 2020 to 31 January 2021.
The legal notice is available in English, French and German via the following links:
Geneva, 17 July 2020 – FinSA and FinIA: impact on foreign funds
Since the first ombudsman offices have been recognized by the Federal Department of Finance (FDF) with effect from June 24, 2020 and BX Swiss AG has been approved by FINMA as the first register for client advisors on 20 July, 2020, we have updated our legal notice“Financial Services Act (FinSA) & Financial Institutions Act (FinIA): impact on foreign funds”.
This document is available in English, French and German via the following links:
Genève, 08.04.2020 – FinSA & FinIA Impact on foreign funds
In the document “Financial Services Act (FinSA) & Financial Institutions Act (FinIA) Impact on foreign funds” we communicated our expectation that the Ombudsman Offices and the Register of Advisers would be approved during the first half of 2020.
However, as of today no decision from the Swiss Federal Authorities has been communicated neither on the Ombudsman Offices nor the Register of Advisers.
Given the current general uncertainty linked to the Covid 19 pandemic, it is very difficult to predict when an announcement will be made. We will communicate on this topic as soon as news is available.
Financial Services Act (FinSA) & Financial Institutions Act (FinIA) Impact on foreign funds is available under the following link in:
Genève, 28.01.2020 – FinSA & FinIA Impact on foreign funds
On November 6, 2019, the Swiss Federal Council published the ordinances detailing and implementing the new Swiss Financial Services Act (FinSA) and Swiss Financial Institutions Act (FinIA), namely the Financial Services Ordinance (FinSO) and the Financial Institutions Ordinance (FinIO). The entry into force date was January 1, 2020.
In the interim the Swiss Fund & Asset Management Association (SFAMA) issued guidance on the changes following the entry into force of the above-mentioned acts. The guidance was validated by the Swiss Financial Market Supervisory Authority FINMA.
Carnegie Fund Services has reissued the note on the impact that the new Swiss Financial Services Act (FinSA) and Swiss Financial Institutions Act (FinIA) will have on the marketing of foreign funds in Switzerland, in light of the SFAMA guidance and clarifications.
The text is available under the following link in:
Genève, 18.12.2019 – FinSA & FinIA Impact on foreign funds
On November 6, the Swiss Federal Council published the ordinances detailing and implementing the new Swiss Financial Services Act (FinSA) and Swiss Financial Institutions Act (FinIA), namely the Financial Services Ordinance (FinSO) and the Financial Institutions Ordinance (FinIO).
Carnegie Fund Services issued a note on the impact that the new Swiss Financial Services Act (FinSA) and Swiss Financial Institutions Act (FinIA) will have on the distribution of foreign funds in Switzerland.
The text is available under the following link in:
Geneva, 23.07.2018 – FINMA fees update
We were very pleased to learn yesterday that the Swiss financial markets supervisory authority FINMA will further lower its fees significantly for the processing of authorisation requests and announcements of changes pertaining to Swiss and foreign collective investment schemes, provided they are submitted and processed entirely via FINMA’s electronic delivery platform.
We at Carnegie Fund Services have already been using this platform since its launch in 2016 in order to reduce costs for our clients.
The new fees will apply for requests and announcements submitted via the electronic delivery platform after 1 August 2018.
Berlin, 11.06.–13.06.2018 – Carnegie Fund Services attended the FundForum International ’18 in Berlin
As one of the world’s most important investment management event, FundForum International gathers more than 1500 top decision makers from around the world as well as 300 fund buyers, asset owners and institutional investors along with 750 asset, investment and wealth managers from 6 continents.
Carnegie Fund Services is proud to be one of the Gold Sponsors of the event in 2018 again.
Geneva, 05.06.2018 – Sponsoring Friends of Funds cocktail reception to celebrate 15 years anniversary
Carnegie Fund Services is recognized by the Swiss Financial Market Supervisory Authority FINMA since 2003. In 2018, we are celebrating our 15th anniversary and we took that special opportunity to sponsor the Friends of Funds cocktail reception. Furthermore, we redesigned our corporate logo and introduced our newly launched one-stop, multilingual web-based platform fundeye.
Dublin, 17.05.2018 – Carnegie Fund Services attended the Irish Funds Annual Global Funds Conference
This year Carnegie Fund Services became an associate member of the IR Global Funds Conference.
Geneva, 06.03.2018 – Neil Carnegie was invited to speak at the Friends of Funds conference in Geneva
Neil Carnegie, founder and CEO of Carnegie Fund Services, was invited to speak at the Friends of Funds panel in Geneva. The main subject of the conference was on the new Swiss financial market regulation.
Friends of Funds
March 6th, 2018
“Nouvelle règlementation du marché financier suisse: mise en oeuvre pratique des prescriptions légales”
Carnegie Fund Services Ltd.
is authorised and regulated by the Swiss Financial Market Supervisory Authority, FINMA.