Ian set up IMBarnes consult in 2017 to provide directorships and consultancy forInvestment funds, concentrating on the Luxembourg market fund structures.
Ian spent most of his previous career at J.P. Morgan Worldwide Securities Services which he joined in 1989 and since 1999 he has been based in Luxembourg.
His most recent position was Head of the Trust and Fiduciary product group for Europe and Head of the Depositary Bank group for Luxembourg. In this position he was responsible for the Depositary and Trustee product across the 13 locations in which J.P.Morgan operate.
His previous positions covered Fund Accounting, Hedge fund and Private Equity operations and client services in Luxembourg. Previously he held positions in operations, client services and relationship management based in J.P. Morgan Offices in Bournemouth (U.K.) and Frankfurt. This included setting up the Frankfurt client service group.
Prior to joining J.P. Morgan he worked for Barclays International PLC for a period of 5 years, principally in its foreign exchange department, based in London.
Ian holds a Business studies diploma and is a member of the association of Professionals in Risk Management (PRIM) in Luxembourg as well as an active member in the Luxembourg fund association group, ALFI.
Ian retired in December 2022.
Monika joined IMBarnes consult in 2019 and provides directorships and consultancy for Investment funds, focusing on Luxembourg Market fund structures. She is a recognised market expert on AML compliance and as such is also able to act as MLRO (money laundering reporting officer).
Monika has worked for a variety of firms within both the German and Luxembourg market. She began her career in Frankfurt in 1986 at HSBC and subsequently joined Chase Manhattan Bank in Frankfurt where she gained expertise in the treasury and payments area as well as customer services functions.
Monika relocated to Luxembourg in 1999 and spent 7 years at Chase Manhattan Bank managing various teams in the Global Custody, Transfer Agency and AML compliance functions.
Monika then specialised in AML compliance during 7 years at RBC Dexia and J.P. Morgan Investor services before joining Carne Management company as it set up its Luxembourg office. Monika was responsible for compliance, in particular the AML and MLRO functions. She also held directorship positions with Luxembourg investment vehicles.
Most recently Monika spent 3 years with Fidelity International in Luxembourg working on projects relating to their AML programmes. Monika has expertise in both regulated and unregulated structures covering both UCITS and AIFM fund types. She has taught AML training for the Institute of Luxembourg directors (ILA) over the past 3 years and is a member of ALFI working group relating to AML.
Monika holds the German Banking Diploma (Bankkaufmann) and spent several years at Johan Wolfgang von Goethe University in Frankfurt studying languages and literature. She is fluent in English, German, French and Luxembourgish.
Providing directorships and consultancy for investment funds