A&L Goodbody is strengthening its funds team with the hire of Maples and Calder partner Elaine Keane, who was previously an associate at the Irish firm.
Keane left A&L Goodbody for Maples’ Dublin office in 2008, joining as an associate before being promoted to partner last year.
She advises on the establishment and operation of Irish regulated funds, exchange traded funds, EU-regulated Undertakings for Collective Investment in Transferable Securities (Ucits) funds, and other fund structures. Her clients include investment managers as well as fund administrators and custodians.
Her appointment comes ahead of the implementation of the EU’s alternative investment fund managers directive (AIFMD) later this month. The directive will offer a regulated funds structure for alternative investments such as hedge funds and private equity, allowing institutional investors to have an option similar to Ucits funds.
A&L Goodbody funds head Brian McDermott said the Irish funds market was ”remarkably buoyant and is dealing with an unprecedented level of regulatory change”.
Keane is the 18th new partner for A&L Goodbody in the last 18 months. The firm promoted nine to partner in May 2012 (14 June 2012) and seven this year (30 May 2013). It also recruited aviation finance specialist Marie O’Brien as a partner in February from Matheson.