Fund management company and alternative investment fund manager (AIFM) FundRock Management Company has opened an office in Dublin, which will be headed up by Ross Thomson.
Thomson has nearly 20 years of fund industry experience in Luxembourg and Canada.
FundRock has also made two initial hires from the Dublin market in order to strengthen its local presence, knowledge and relationships.
Following the market uncertainty created in the investment management sector post-Brexit, FundRock is opening an Irish office to service its clients’ needs and capitalise on the significant rise in UK-based deal flows.
Revel Wood (pictured), CEO of FundRock, says: “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, one of the UK’s leading independent ACD. This will further enhance FundRock’s European presence.
Thomson, who has been FundRock’s director of operations oversight for four years in Luxembourg, says: “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.”