For this purpose Carne Global Fund Managers (Switzerland) Ltd was incorporated in Switzerland and obtained the authorisation from FINMA as Fund Management Company ("Fondsleitung") and Representative of foreign collective investment schemes. The change of Fund Management Company for the Swiss funds and the change of Representative for the foreign funds have also been approved by FINMA. This transfer creates a new major Fund Management Company in the Swiss landscape.

Schellenberg Wittmer advised Carne in all Swiss strategic, regulatory contractual, corporate and transactional matters related to the regulatory approvals and transfer of the third-party Fund Management Services.

The team was led by Caroline Clemetson (Partner, Banking & Finance, Investment Management) and included Joane Etienne (Counsel, Banking & Finance, Investment Management), Andrea Andelic (Associate, Banking & Finance, Investment Management), Dominic Wälchli (Associate, Banking & Finance, Investment Management), Fabio Elsener (Senior Associate, Banking & Finance, Investment Management), Dany Sousa Ribeiro (Associate, Banking & Finance, Investment Management), Josef Caleff (Partner, M&A), Lorenzo Olgiati (Partner M&A), Elia Schunck (Senior Associate, M&A), Christine Beusch (Of Counsel, Employment), Michael Hess (Counsel, Employment), Selena Beschle (Associate, Employment), David Mamane (Partner, Competition and Antitrust ), Roland Mathys (Partner, Data), Amalie Wijesundera (Senior Associate, Data), Michael Nordin and Roland Wild (both Partners, Taxation).