FundRock expands to Ireland 30 January 2017Dublin Reporter: Stephanie Palmer
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Alternative investment fund manager FundRock is opening a new office in Dublin, to support its growing Irish funds base.
According to FundRock, the new office is part of wider plans to expand across Europe, and to increase its presence in Luxembourg, Ireland and the UK.
The new opening also comes as a response to market uncertainty in the investment management sector following the UK’s vote to leave the EU in June 2016.
The Dublin office will be led by Ross Thomson, previously director of operations oversight for FundRock in Luxembourg, a position he held for four years.
Thomson 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.”
CEO of FundRock Revel Wood 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.”
This news also follows FundRock’s announcement that it will expand through the acquisition of UK-based Fund Partners, subject to regulatory approval.
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