Carmel has a BCA from Victoria University, Wellington and over 25 years' experience in the New Zealand share market. She spent her early career with two sharebroking firms before moving to Prudential Assurance in 1988. She was responsible for managing several share funds including the top-performing Emerging Companies Trust. Carmel joined Sovereign Assurance in 1994 to head its fund management division and left in August 1998 to set up Fisher Funds. Carmel is married to Hugh and has two daughters.