FundRock is an independent third party Ucits management company and alternative investment fund manager (AIFM) that provides services for Luxembourg and Ireland-based funds.
The company effectively takes charge of all activities relating to the day-to-day operation of investment funds.
The decision to establish an Irish presence was prompted by market uncertainty created in the investment management sector post-Brexit.
The Dublin office will be headed up by Ross Thomson, who has nearly 20 years’ fund industry experience in Luxembourg and Canada.
FundRock has also made two initial hires from the Dublin market in order to strengthen their local presence, knowledge and relationships.
Brexit opportunities
Revel Wood, chief executive of FundRock, said: “The move to Ireland is a crucial part of our long-term strategy, and being a client-led organisation, we have responded to client demand, to accommodate their needs, especially those looking to move their funds to Ireland.
“This expansion into Ireland aligns with our ambition to offer service excellence to a global client base by providing a value-added solution for all their domestic fund management needs across Europe.”
The move into Ireland will be complemented by FundRock’s recently announced agreement to purchase, subject to regulatory approval, Fund Partners, a UK independent authorised corporate director (ACD).
Ross Thomson, FundRock’s director of operations oversight in Luxembourg, said: “Opening an Irish branch is an exciting move for us given the strength of the market here and the quality of local service providers. As part of the firm’s expansion, we are committed to helping our clients succeed in Ireland, not least with the opportunities that Brexit could provide.”
