Limerick, November 25th, 2019 – FundRock Management Company S.A. today celebrated the official opening of its office in Limerick. This office serves as an operational centre of excellence which complements the FundRock Group.
FundRock is a leading independent UCITS Management Company and Alternative Investment Fund Manager (AIFM) offering solutions for Luxembourg, UK and Ireland based funds. A long standing industry player, FundRock has this month completed 15 years in business as, in 2004 the company (at the time RBS Luxembourg) was founded in Luxembourg in response to UCITS III. Since then, FundRock has been ever growing in terms of staff, offices and AuM. Their clients are established blue-chip companies and leaders in their domestic market.
FundRock’s Limerick office has already exceeded growth expectations and is currently employing over 30 people with further growth expected in the coming months in a variety of functions including Investment Risk & Compliance, Fund Accounting and Depositary Oversight, Regulatory reporting, Project Management and Technology.
Commenting at the official opening, Conor O’ Brien, Managing Director for the Irish branch of FundRock said: “This is a very special day for all of us in FundRock, marking a significant milestone in our global strategy. As well as inaugurating our new office, today is another step in demonstrating FundRock’s full commitment to Limerick, the mid-west region and the funds ecosystem in Ireland. Creating our International Centre of Excellence in Limerick enables us to offer challenging and rewarding fund management opportunities to highly skilled candidates, graduate and experienced from Limerick and the entire region including those from further afield who are looking to work closer to home.”
Xavier Parain, Group CEO of FundRock added “I am delighted to be here with you today to celebrate the opening of our office in Limerick. Being a client-led organisation, our growth and expansion strategy is closely tied to our clients’ needs and driven by their demand for efficient solutions. As our centre of excellence, Limerick has for 6 months now been supporting all our offices and is developing into a key hub for our operations. We are delighted with our Limerick staff, highly talented and passionate people bringing fresh ideas and a drive for continuous improvement. Our Limerick operation will continue to grow and further solidify our position in Ireland and our commitment to the Irish market and the mid-west region in particular, both of which have shown us remarkable support during our first months of operations.”
Minister of State at the Department of Finance and the Department of Public Expenditure and Reform Patrick O’ Donovan T.D. said: “FundRock arrived in Limerick in March this year. Supported by the IDA, they have found Limerick to be a great business location with a pool of talented and motivated graduates to draw from. Their commitment to the mid-west shows the confidence business has in this region. Limerick has the infrastructure, the people and the energy to attract business to locate here and contribute to the growth of the mid-west”.
Will Corcoran, Regional Manager of the Mid-West Region at IDA Ireland commented “It is great to see another leader in the financial services sector investing in the Mid-West region. FundRock is testament to what a strong team of talented people can achieve in a regional location. I wish the company continued success.”
About FundRock Management Company S.A.
FundRock is a leading independent third party UCITS Management Company, Authorised Corporate Director and AIFM (Alternative Investment Fund Manager), providing services for Luxembourg, UK and Ireland-based funds. FundRock provides substance through solid Risk management, Oversight, Compliance, as well as through the comprehensive Knowledge of its strong team.
FundRock, formerly known as RBS (Luxembourg) S.A. (RBSL), was established in 2004. It built on the experience gained through RBS’s Trustee and Depositary business since its inception in 1935. On 31 December 2015 RBSL was sold to BlackFin Capital Partners and became FundRock.
FundRock Group has over EUR 90bn in AuM and over 120 people across Luxembourg, UK and Ireland.
For more information please visit http://www.fundrock.com
Media Contact:
Polina Nakou
Marketing & Communications Manager
polixeni.nakou@fundrock.com
+352 27 111 362
Sarah Nolan
Assistant Media Relations Executive IDA Ireland
sarah.nolan@ida.ie
087 101 7336