Dublin
30 January 2017
Reporter: Stephanie Palmer
FundRock expands to Ireland
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.

More fund services news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
MainstreamBPO to expand in Europe and Cayman through Trinity acquisition
23 May 2017 | Sydney | Reporter: Stephanie Palmer
MainstreamBPO has entered into an agreement to acquire Trinity Fund Administration in Dublin and the Cayman Islands
Clearstream sees slight April upticks
22 May 2016 | London | Reporter: Stephanie Palmer
According to Clearstream’s monthly figures report, assets under custody increased from the €13.03 trillion recorded in April 2016
LGPS board releases transparency code for managers
22 May 2017 | London | Reporter: Drew Nicol
Asset managers looking to claim mandates from the LGPS pooling initiative can now sign up to a new fee transparency code ahead of the April 2018 deadline
Asset managers tackle Chinese bond market issues
19 May 2017 | Beijing | Reporter: Drew Nicol
Hong Kong asset managers met in Beijing to discuss the challengers surrounding China’s lucrative bond market
RBC wins Irish assets mandate
18 May 2017 | London | Reporter: Drew Nicol
Royal Bank of Canada has been chosen by Chiron Investment Management to act as custodian and fund administrator for its new Irish-domiciled Chiron Global Opportunities UCITS fund
Deutsche Bank adds to Pacific Life mandate
17 May 2017 | New York | Reporter: Drew Nicol
Deutsche Bank's fund services business will provide fund accounting and investor services to the Cadence Global Equity Fund LP
SS&C wins expanded Acadian mandate
17 May 2017 | Connecticut | Reporter: Drew Nicol
Acadian Asset Management cites collateral management and accounting expertise as key to SS&C mandate
More fund services news