Fiona Brennan
Co-founder and Director
Fiona Brennan practised as a corporate lawyer (Irish law (dual qualified in England + Wales) and Cayman Islands law) for almost ten years. She advised on complex cross-jurisdictional structures for both private and public companies and in the later years of her legal career specialised in representing projects in the emerging tech and blockchain industry.
Fiona has been acting as an independent non-executive director for a number of years and has acted as a director for 60+ companies ranging from multi-billion dollar VASPs, DeFi, infrastructure, RWA and AI projects. Fiona has deep, relevant, hands-on experience derived from her active role as an independent, non-executive director on some of the largest protocols and projects in the digital asset space, along with a proven track record of implementing strong corporate governance frameworks. She has acted as a director on companies in many jurisdictions including the Cayman Islands, BVI, Switzerland, Singapore, UK, Cyprus, Panama and Austria.
With a strong corporate law background combined with years of experience working as a director she brings unique experience in problem-solving, risk management and a strategic mindset to a board.
Fiona has a Bachelor’s Degree in Law and European Studies from University College Dublin. She was a committee member for two years with the Blockchain Association of the Cayman Islands and a Co-Founder of Women in Blockchain. Fiona has spoken on many panels and podcasts. Fiona is passionate about promoting diversity in the industry.
Fiona is based in Zug, Switzerland and leads Cara’s European practice.
Carolyn Kelly
Co-founder and Director
Carolyn Kelly is an experienced dual-qualified (English and Cayman Islands law) corporate lawyer and a leading legal expert in Web3, blockchain, digital assets, DATs and token launches. As an onshore lawyer, Carolyn advised on IPOs on the LSE (both Main Market and AIM) as well as on complex, cross border private M&A deals involving international corporates, financial institutions, seed businesses, joint ventures, private equity and owner managed businesses across a variety of sectors including real estate, retail, energy, shipping and financial services.
As an offshore lawyer, Carolyn regularly advised many of the world’s leading blockchain projects across sectors, including Layer 1 and De-Fi protocols, Virtual Asset Service Providers, tokenized RWAs, SIBAs, centralised and decentralised exchanges, gaming and NFT marketplaces.
Carolyn currently acts as an independent non-executive director for the multi-million dollar RWA and stablecoin projects and the largest protocols and projects in the industry. Carolyn possesses a practical, ownership-mindset understanding of risk mitigation, internal controls, and asset protection.
Carolyn has spoken on panels and podcasts and was included as a panellist on the “Next Gen Crypto Lawyer” event by the Blockchain Association in the Cayman Islands. Carolyn is involved in community initiatives, including acting as a panel judge at the TechKY Youth and Hackathon event in the Cayman Islands advocating for the support and advancement of career opportunities for local youth within the technology sector.
Carolyn is based in the Cayman Islands and leads Cara’s offshore practice.
Karen Kersey
Chief Strategy Officer and Director
Karen is Chief Strategy Officer at Cara. Since 2019, Karen has been at the forefront of the Web3 and blockchain industry, most recently as the former CEO of Cartan and currently as an independent director and supervisor for a number of foundation companies. She brings over two decades of executive experience and a deep understanding of the Cayman legal and regulatory environment to every engagement. Karen helps organisations to navigate complexity, align leadership, and drive results.
Her portfolio spans Layer 1 and Layer 2 protocols, cross-chain bridges, stablecoins, and omnichain token systems—demonstrating her ability to operate at both the technical and governance layers. Karen’s clients trust her to lead with precision, adapt through volatility, and turn vision into executable strategy.
Beyond governance, Karen is a coach and advisor to high-performing founders and executive teams. She’s known for sharpening leadership focus, resolving silent friction, and fostering the kind of trust and cohesion required for long-term growth.
With a unique blend of technical understanding, strategic insight, and behavioral intelligence, Karen helps Web3 organisations build not just functional systems but resilient, high-integrity teams. Karen has deep experience navigating operational, reputational, and cross-jurisdictional risk and brings steadiness and clarity to moments of uncertainty.
Victoria Ashby
Chief of Staff
Victoria is Chief of Staff at Cara. With a dynamic background spanning Web3, fintech, investment funds and corporate, Victoria brings a wealth of expertise to her role and excels in building collaborative environments and driving operational success.
Victoria spent many years as a legal secretary in London, before moving to a role at a top-tier law firm in the Cayman Islands. It was during this time that Victoria gained exposure to the world of Web3, sparking a passion for both innovation and change within the traditional corporate landscape. This experience laid the foundation for Victoria to move to a large fiduciary firm in the Cayman Islands where she rapidly developed her team coordination and management skills. Victoria has immersed herself in the Web3 space, gaining valuable experience in emerging technologies. Victoria leverages her expertise to drive impactful and forward-thinking solutions.
With a focus on both progress and practical execution, Victoria is passionate about fostering growth, efficiency, and strong, cross-functional teamwork and is excited to contribute to Cara’s success.
Scott Harrison
Director
Scott is a Director at Cara, providing independent non-executive director services to blockchain projects including foundation companies, SIBAs, VASPs, holding companies and operational companies. A Chartered Accountant (ACA), Chartered Financial Analyst (CFA) and Certified Fraud Examiner (CFE), he brings over a decade of finance and advisory experience from his career at PwC.
Scott relocated from the UK to the Cayman Islands in 2017, where he managed a portfolio of contentious and non-contentious insolvencies across the Caribbean, North America and Europe. His work spanned cross-border investigations, litigation support and asset recovery — successfully recovering and distributing proceeds to creditors and investors. He is well versed in the Cayman Islands’ regulatory frameworks, including AML/CFT, FATCA/CRS, Economic Substance and Beneficial Ownership, and has advised clients on compliance across these regimes.
In 2022 he joined the international team managing the official liquidation of FTX Digital Markets Ltd., the Bahamas-based cryptocurrency exchange — further deepening his understanding of Web3 ecosystems and their regulatory landscape. Scott brings a unique perspective to the director role with his vast experience in the insolvency space.