FundRock opens new office in Ireland 05 April 2019Limerick Reporter: Maddie Saghir
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FundRock has opened a new office in Limerick, marking the firm’s second office in Ireland.
The new office will serve as a centre of excellence and operational centre to support FundRock’d existing network of offices in Dublin, London and Luxembourg.
Meanwhile, the majority of the work undertaken in Limerick will be aimed at supporting the core activities performed by FundRock: risk, oversight and investment compliance.
In addition, an operational support team and a number of IT developers will be based in the region. This office is headed by Conor O’Brien, managing director for the Irish branch.
This injection of numbers and talent reaffirms the firm's commitment to grow and offer solutions, not only to asset Managers but also to management Companies, to solidify its position as the pre-eminent risk provider in this space, FundRock noted.
O’Brien commented: “I am absolutely delighted to announce our expansion via the opening of this new office in Limerick. We have had a longstanding connection to the city by offering internships to students studying at the University of Limerick and I truly believe we have made an excellent choice to build our new centre of excellence here.”
Xavier Parain, group CEO of FundRock cited: “As a truly pan-European player, we hope the addition of this office will demonstrate not only our commitment to Ireland and the Irish market but to all our clients and partners as we are constantly seeking ways to strengthen our offering.”
Heather Humphreys, minister for Business, enterprise and innovation, said: “I am delighted to see FundRock expanding their presence in Ireland with the opening of this Limerick office and 45 new jobs over the next 18 months.”
Martin Shanahan, CEO of IDA Ireland added: “FundRock's choice of Limerick as its regional second site in Ireland is testament to the company's positive experience of the business environment here.”
“With IDA Ireland's support, Fundrock is now building a team to support its international business from the mid-west and from Dublin by accessing the strong talent pool available in the financial services sector."
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