FundRock appoints new CEO 18 December 2018Luxembourg Reporter: Jenna Lomax
Image: Shutterstock
FundRock has appointed Xavier Parain as CEO, effective from 7 January 2019.
Parain brings knowledge of the regulatory landscape and the funds ecosystem, as well as expertise in regulatory topics.
Prior to FundRock, Parain was managing director at the asset management directorate of the Autorité des Marchés Financiers (AMF), the French financial markets regulator.
Parain served at AMF for seven years, developing relationships with European regulators and collaborating with them through numerous working groups.
He has represented the AMF at several international regulatory bodies such as The European Securities and The Markets Authority and the International Organization of Securities Commissions.
Prior to his role at AMF, Parain served as the CEO of FundLogic, Morgan Stanley’s funds and hedge funds distribution platform.
He was also president of Merrill Lynch Invest, Merrill Lynch’s asset management firm specialising in structured funds.
Laurent Bouyoux, president and founding partner at FundRock’s shareholder, BlackFin Capital Partners, commented: “We are very pleased to welcome Xavier Parain as the new CEO of FundRock. His experience at European regulatory bodies' levels will directly benefit FundRock's clients, helping them to navigate through a complex and constantly evolving regulatory context.”
Bouyoux added: “Parain will also bring his expertise in funds structuring, management and distribution, inherited from his times at BoA Merrill Lynch and Morgan Stanley. He will pursue the commercial development towards global asset managers and support the deployment of FundRock's footprint in continental Europe, the UK and Ireland.”
Commenting on his new role, Parain said: “FundRock has demonstrated impressive growth over the last years with presence in major fund centres and a reputable client portfolio.”
He added: “All of this has been achieved thanks to a highly skilled team which I am very much looking forward to collaborating with, building on this success and jointly pursuing further growth opportunities arising from the current regulatory framework.”
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: Shutterstock 