About

Olga Molloy is head of legal and compliance at Carne Group, a global provider of fund management solutions to the asset management industry with more than 500 clients with assets of US$1tn under management and currently employs over 220 people. Molloy joined Carne in March 2018 and leads the financial group’s expanding legal team bringing with her significant experience from her role as managing counsel in State Street Global Advisors Ireland where she had spent six years as in-house counsel. Since joining Carne, in line with the considerable growth of Carne’s Irish business, she has overseen the development of the in-house legal capability of this entity, which has significantly expanded its size and scope of operations. Molloy has been instrumental in managing the complex legal aspects of the continuous expansion of Carne’s business, as it has grown to become one of the largest independent fund management company providers in Ireland. According to a nominator, ‘she has deep experience and strong skills as a team leader and she has grown a strong team of lawyers, effectively handling the multiple legal and regulatory challenges that inevitably arise when managing a fund management company provider and its continued expansion’. In addition, Molloy has been responsible for leading the implementation of regulatory developments, with Carne’s diverse client base in an increasingly complex regulatory landscape. She effectively communicates Irish regulatory requirements within the business to ensure all client facing team members are up to speed on all key regulatory developments. In particular, Molloy has been responsible from a legal perspective for the implementation by Carne of the challenges brought about as a result of the Central Bank’s Guidelines on Fund Management Company Effectiveness (CP 86), a revamped version of the Markets in Financial Instruments Directive, or MiFID II and the General Data Protection Regulation. A nominator identifies that, ‘Molloy’s role is challenging and demanding but she manages to approach her work with both a commercial and practical view. She is highly regarded in Carne and, from working with her and having also dealt with her in her previous role in State Street Global Advisors Ireland, it is clear to us that she has an ability to quickly spot and evaluate legal issues which helps drive solutions’.