Luxembourg-headquartered fund management company and alternative manager FundRock has opened an office in Dublin.
The Dublin office will be headed up by Ross Thomson, who has around 20 years’ experience in fund industry in Luxembourg and Canada. Two hires have been made to strengthen the firm’s presence in the Irish market.
FundRock opens office in Dublin to service its clients’ needs and capitalise on the significant rise in UK-based deal flows, that could ever more grow in a post-Brexit environment.
The move into Ireland follows FundRock’s recent agreement to purchase Fund Partners, one of the UK’s leading independent authorised corporate director.
The transaction, subject to regulatory approval, aims to enhance FundRock’s European presence.
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.”
Thomson 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.”