FundRock Management Company S.A. has today announced the opening of its office in Dublin. The new office is part of FundRock’s growing presence in three of the major European fund centres, namely Luxembourg, Ireland and the UK, as part of wider European expansion plans.
The Dublin office will be headed up by Ross Thomson, who has nearly twenty years of fund industry experience in Luxembourg and Canada. FundRock has also made two initial hires from the Dublin market in order to strengthen their local presence, knowledge and relationships and is committed to significant investment into the Irish market as part of its long term growth strategy in this region.
Following the market uncertainty created in the investment management sector post-Brexit, FundRock is opening an Irish office to service their clients’ needs and capitalise on the significant rise in UK-based deal flows.
Revel Wood, CEO of FundRock commented:“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.”
The move into Ireland will be complemented by FundRock’s recently announced agreement to purchase, subject to regulatory approval, Fund Partners Ltd, one of the UK’s leading independent ACD. This will further enhance FundRock’s European presence and will offer clients a substantial, well-capitalised solution with deep and broad expertise in all the major European fund jurisdictions.
Ross Thomson, who has been FundRock’s Director of Operations Oversight for four years in Luxembourg, and has a wealth of experience in the hedge fund business 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,” he added.
FundRock has a long heritage in fund management and governance dating back over 80 years, and has been servicing funds in Ireland since 2012. The opening of the Irish office is a key step in FundRock’s strategy to be the leading independent Fund Management Company in Europe, building on robust infrastructure, connectivity through its strong network of partners and distributors and deep expertise established over 13 years in Luxembourg.