FundRock has surpassed the milestone of €100 billion assets under management (AUM) and now serves over 450 funds.
FundRock has scaled the business significantly in recent years and now has over 150 employees across five locations in Luxembourg, the UK, Ireland and Singapore.
Its recent acquisition by Apex Group provides access to new jurisdictions through the group’s globally connected operating model across 45 offices, supported by 4,000 employees.
Clients will now benefit from Apex’s long-established presence as well as access to the broader Group’s single-source solution capabilities.
This will be across fund solutions, middle office, ManCo services, digital banking, corporate solutions and environmental, social and governance (ESG) ratings and advisory services, says FundRock.
Xavier Parain, head of FundRock, comments: “We are delighted to celebrate this significant milestone of €100 billion AUM and would like to especially thank our clients for the confidence and trust they have placed in us during our 16 years of operation.”
Parain says: “2020 was a challenging year for all of us, and we are excited to enter 2021 with AUM of €100 billion and to join the Apex Group. Our existing reputation for delivering leading ManCo solutions, combined with the Apex’s wide breadth of services and geographical presence, creates a powerful partnership and gives us further strength and opportunity to expand and evolve our business in the years ahead.”
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