FundRock expands service offering for Fundsmith 11 October 2022UK Reporter: Lucy Carter
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Alternative investment fund manager FundRock Management Company (FundRock) will now provide distribution services to fund management company Fundsmith, in a continuation of its relationship with the firm.
FundRock delivers third-party management company (ManCo) and fund distribution services to clients through its parent company, Apex Group.
FundRock already provides ManCo services to Fundsmith, and will now offer distribution services to allow Fundsmith to distribute its funds in Europe, particularly in the Italian market.
Arnaud Gérard, head of distribution at FundRock, says: “FundRock Distribution offers a powerful solution for asset managers, providing local substance combined with global connectivity, enabling our clients to focus on their core business. We look forward to supporting Fundsmith to distribute their funds more efficiently and effectively into European markets, while ensuring the highest standards of governance and regulatory compliance.”
Mark Laurence, chief operating officer at Fundsmith, adds: “We are delighted to extend our existing relationship with FundRock to help manage our post Brexit EU distribution. In particular it will allow us to target the Italian market.”
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