FundRock readies European expansion plans
FundRock is getting set for a series of “key hires” as it readies an expansion and investment in “people and platform” to serve clients across UK Ireland and Luxembourg.
The expansion has started with the naming of a new managing director to Fund Partners, its UK-based independent ACD (Authorised Corporate Director) business.
Chris Spencer, pictured above, has been named as the new managing director for its London office, FundRock and Fund Partners said in statement announcing the news earlier today.
Spencer has experience in the UK investment funds industry covering all aspects of retail and fund administration as well as developing brokerage capability alongside asset management. Previously he was managing director at International Financial Data Services (IFDS), for 13 years, which has recently been renamed DST.
Fund Partners was recently acquired by FundRock, one of the largest independent UCITS and AIFM investment management companies in Europe. Spencer is technically returning to Fund Partners having served on the company’s board when it was still under the IFDS Managers banner.
Revel Wood, chief executive of FundRock, said that the appointment of Spencer was one of a number of key hires planned as part of the company’s expansion and investment in people and platform to serve clients across UK, Ireland and Luxembourg.
“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,” said Spencer.