Caroline Clemetson is head of Schellenberg Wittmer's banking and finance and investment funds group in Geneva and is an active partner in the banking and finance group in Zürich. Her focus is on banking and finance law, in particular, financial services and financial regulation, asset management, collective investment schemes and other investment products, distribution of financial products, derivatives, trade finance, pension funds as well as insurance and insurance brokerage regulation. Caroline also has extensive experience in corporate and transactional matters.
Caroline has recently been expanding her practice to Fintech matters and has acted as counsel to several financial entities in the set-up of FinTech platforms and ICO's.
Some recent examples of Caroline's expertise in investment management include:
- Counsel to a major Swiss fund management companies for the set-up of a new Swiss Mortgage Fund which has been described as one of the most innovative products in the market in the last five years;
- Advising several fund managers on obtaining their FINMA license as fund manager in Switzerland and implementing their new organisation, including the set-up of the compliance and risk management as well as the implementation of the new anti-money laundering regulation;
- Counsel to several major fund management companies for the set-up of complex Swiss products (several billion of AuM).
Caroline is highly recognised by leading directories and publications for her expertise in investment management and banking. Chambers and Partners quotes "impressed clients" who say that "Caroline Clemetson has 'outstanding expertise in all matters related to Swiss-regulated fund management' and clients stress that Caroline 'knows the Swiss financial regulations inside-out, knows how to work with FINMA and it has been a pleasure working with her'".
Caroline is an authorised representative at the SIX Swiss Exchange and is a member of the specialist committee legal and compliance of the Swiss Funds and Asset Management Association (SFAMA).
Before joining Schellenberg Wittmer as a partner in 2014, Caroline worked for the Swiss Financial Markets Supervisory Authority FINMA, where she was head of the investment products and distribution department within the markets division. In that function, she was responsible for the entire approval and authorization processes for all types of Swiss and foreign collective investment schemes and related institutions, such as fund management companies, asset managers, custodian banks, representatives of foreign collective investment schemes and distributors in Switzerland. Additionally, she was responsible for all aspects of distribution in Switzerland and the registration of insurance brokers in Switzerland and related issues.
Caroline graduated from the Universities of Lausanne and Zürich in 2001 and was admitted to the Swiss Bar in 2003. In 2006, she earned an LLM from Columbia University, New York after working for several years at another business law firm in Geneva.