CARNE GROUP ACQUIRES 3D Nov 3 2021 All Cities Today, Carne Group announces the acquisition of 100% of the shares in Distributor Due Diligence Ltd (operating as 3D). This establishes Carne as the global market leader in fund distribution due diligence connecting the world’s largest and leading fund managers to over 2,000 fund distributors. Speaking about today’s announcement John Donohoe, Group Chief Executive of Carne, said: “We are delighted to welcome the 3D team into the Carne family. This transaction fundamentally changes the distributor oversight market where scale is key for both parties involved. Fund managers will benefit from the coverage of all their distributors globally. Fund distributors will benefit from completing only one questionnaire, to share with all their counterparties. Additionally, Carne clients will have access to the expertise and industry perspectives of 3D’s Co-Founders Steve Bennett and Fabian Richter. These factors together have made this transaction highly compelling and a natural fit for both groups.” Steve Bennett and Fabian Richter, Co-Founders of 3D commented: “This deal benefits our existing clients who gain immediate access to Carne’s broader service range, powered by its CORR technology platform, including oversight tools for other delegated functions. The deal also enhances the capabilities available to Carne’s existing clients who can draw on 3D’s additional support team resources and ‘managed service’ workflows which minimise their workload.” About 3D: Distributor Due Diligence Ltd (known also as 3D) is a technology solution that enables fund managers and intermediaries to conduct due diligence on the distributors and institutional clients of their funds around the globe (https://distributordd.com/). Founded in 2018 by Steve Bennett and Fabian Richter, 3D has grown rapidly and is currently being used by over 20 fund companies who between them have more than 1,900 distributors globally. Using 3D’s client-friendly due diligence questionnaire and drawing on 3D’s multi-lingual Support Team means fund managers can save over 80% of the resources required for distributor oversight, meaning fund managers will be able to run their distributor oversight process without having to hire any dedicated resources. About Carne Group: Carne is the leading digitally driven industry platform for the Global Asset Management Industry and the largest third-party fund management company in the world. Carne is trusted by the world’s leading asset managers, insurance companies, pension funds and wealth managers to manage their governance, compliance, regulatory and substance requirements. Carne provides governance and substance services and solutions for assets of more than $1 trillion in AUM. Established in 2004, Carne has a diversified list of 550+ clients and employs 400 people across 8 countries globally. Its command and control technology platform, CORR (Compliance, Oversight, Risk & Reporting), provides risk and technology driven solutions for investment funds with $2 trillion in AUM. For media enquiries: Eoin Sheahan +353 86 8164339 eoin.sheahan@carnegroup.com www.carnegroup.com Category: All Cities November 3, 2021 Post navigation PREVIOUS Previous post: European Regulators Adopt XBRL as Submission Format for Data Collection NEXT Next post: Alternative Investment Funds Directive (AIFMD) Review Related Posts Alternative Investment Funds Directive (AIFMD) Review December 1, 2021 European Regulators Adopt XBRL as Submission Format for Data Collection October 14, 2021 Shine A Light Night 2021 October 12, 2021 Rob Cullen, Director of Business Operations October 8, 2021 CP 138 Webinar: How to Navigate the New Cross-Industry Guidance on Outsourcing? October 4, 2021 PARIS2NICE FUND RAISING CYCLE 2021 September 15, 2021 Recent Posts Alternative Investment Funds Directive (AIFMD) Review December 1, 2021 Carne Group Acquires 3D November 3, 2021 European Regulators Adopt XBRL as Submission Format for Data Collection October 14, 2021 Shine A Light Night 2021 October 12, 2021 Rob Cullen, Director of Business Operations October 8, 2021 CP 138 Webinar: How to Navigate the New Cross-Industry Guidance on Outsourcing? October 4, 2021 Recent Posts Alternative Investment Funds Directive (AIFMD) Review Carne Group Acquires 3D European Regulators Adopt XBRL as Submission Format for Data Collection Shine A Light Night 2021 Rob Cullen, Director of Business Operations Archives December 2021 November 2021 October 2021 September 2021 August 2021 July 2021 June 2021 May 2021 April 2021 March 2021 February 2021 January 2021 December 2020 November 2020 October 2020 September 2020 August 2020 July 2020 June 2020 May 2020 April 2020 March 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 November 2018 October 2018 September 2018 May 2018 April 2018 SUBSCRIBE TO OUR NEWSLETTER Mailchimp Newsletter SUBSCRIBE NOW © 2021 Carne Group | All Rights Reserved. Website by KOBBA Terms & Conditions Sitemap Press Contact I UNDERSTAND