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Asset management company Cairn Capital has hired a senior lawyer from Banque AIG to lead its new legal team.
James Starky, formerly AIG’s associate general counsel in charge of the European and Asian group covering derivatives, capital markets and structured finance, is Cairn’s first chief legal officer following the company’s foundation last August.
At Cairn, he will be responsible for all the group’s legal work, including asset management, the structuring and advisory businesses and the launch of a credit hedge fund.
Cairn director David Littlewood said: “We believe it’s important for us to have James at the coal face… This demonstrates the way in which credit is now law and credit risk is legal risk.”
The appointment is highly unusual for small financial institutions, which do not usually have in-house legal teams. Cairn has fewer than 20 employees.
Prior to AIG, Starky was part of Cadwalader Wickersham & Taft’s original London team.