Fund Partners (FP), a UK-based independent ACD (Authorised Corporate Director) has hired Chris Spencer as the new Managing Director for its London office.
FP was recently acquired by FundRock, one of the largest independent UCITS and AIFM investment management companies in Europe.
Over the course of his 30 year career, Spencer has gained extensive experience in the UK investment funds industry covering all aspects of retail and fund administration as well as developing brokerage capability alongside asset management. Before joining FP, Spencer was Managing Director at International Financial Data Services (IFDS), which has been renamed DST, where, over his 13 year tenure, he helped build the TA business into the UK leader in this sector. Alongside that, Spencer also helped to develop a Hosted ACD company as part of a new venture for IFDS to take them into the Third-party Management Company business.
Revel Wood (pictured), CEO of FundRock, says: “We are delighted to have Chris join our team. This is one of a number of key hires planned as part of our expansion and investment in people and platform to serve clients across UK, Ireland and Luxembourg. Chris brings significant experience of the UK market and is returning to FP having served on the Board when it was still IFDS Managers.”
Spencer, MD of FP, says: “This is a very exciting opportunity – the strong pedigree that FundRock brings to Fund Partners makes it uniquely positioned to develop the UK Third-party ManCo business and help its clients grow their own businesses safely and securely in what is becoming an increasingly complex and changing regulatory environment. The world is also becoming more connected and the Fund Services solutions that FundRock (including Fund Partners) can bring to its clients is now even stronger given its wider reach. That makes this a great time to join Fund Partners and I look forward to helping grow it into a leading global business supporting our clients both locally and as they expand.”
