In an extension of FundRock’s existing role as ManCo for WHEB’s Irish collective asset-management vehicle (ICAV) and authorised corporate director (ACD) for WHEB’s Sustainability OEIC, WHEB has appointed FundRock Distribution to provide and support its European distribution needs.
Following the UK’s exit from the European Union, it is now considered a third party jurisdiction, similar to the US and Asia, explains FundRock.
FundRock Distribution’s services support asset managers to market and distribute their funds to investors across Europe in many different ways.
WHEB joins FundRock’s client base from countries including Switzerland, UK and the US. To meet the growing market demand, FundRock Distribution is building a centre of excellence, recruiting its own institutional and wholesale team of experts throughout 2021.
Arnaud Gérard, chartered financial analyst, managing director, FundRock Distribution, comments: “This appointment to provide distribution services to WHEB supplements our role as ManCo, and demonstrates FundRock’s strategic placement to represent asset managers across their portfolio facilitating them in tackling the complexity and regulatory requirements of cross-border fund distribution and supporting their effort to raise assets.”
Gérard notes: “We are very pleased to be the trusted partner of WHEB, a front runner in sustainable and impact investing, now enabling a wider investors base to access their strategies.”
George Latham, managing partner of WHEB Asset Management, adds: “We aim to embed our environmental, social and governance values throughout our business and our broader supply chain, and conducted extensive due diligence prior to appointing FundRock to provide distribution services for the WHEB Sustainable Impact Fund. With FundRock’s support, we will continue building our business in the European markets and bringing our investment strategy to new investors.”
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one asset servicing news source this
year, make sure it is your free subscription to Asset Servicing Times
Image: Love the wind/adobe.stock.com 