The global financial services provider Apex Group announces the appointment of Ryan Lemand as a non-executive director of FundRock Investment Management Services Ltd, a fully authorised ManCo for qualified investor funds and exempt funds.
Lemand’s financial services experience originates from his time as the former senior executive officer and board director of ADS Investment Solutions, the ADSS Group's Wealth and Asset Management Company, which he launched and grew to become one of the largest companies in the Abu Dhabi Global Market (ADGM).
Craig Roberts, regional managing director, MENA, Apex Group comments: “Ryan is an extremely well-known and respected financial services professional who, with his intellect, experience and passion, has been a leading voice in the development of the investment management sector of the UAE for some time. We are excited by the advice and expertise he will offer to FundRock in his role as non-executive director and it confirms the reputation of Apex and FundRock to have such a well-regarded member of the industry join our group."
Xavier Parain, head of FundRock, further comments: “As part of the Apex Group, FundRock Middle East offers a powerful solution for asset managers, providing local substance in the dynamic and fast-growing ADGM jurisdiction, combined with global connectivity. The appointment of a non-executive director of Ryan’s experience and calibre strengthens our position as the ideal partner for asset managers, institutional clients and family offices who wish to set up their funds and distribute them within the ADGM.”
Lemand further adds: "FundRock is a leading example of how access to fund structures for asset managers can be made more efficient and flexible. I have followed with interest the trajectory of the business, and now as part of Apex Group, it goes from strength to strength, overseeing more than 470 funds, with a total of €134bn in assets under management.
“I am delighted to join FundRock’s board of directors in the ADGM and I look forward to deploying my experience and knowledge to support the company’s continued growth in the region.”
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