Ucits management company FundRock is expanding its distribution subsidiary with a location in The Netherlands.
The FundRock Distribution office in Amsterdam has been opened following the approval of local regulator AFM, and will look to support asset managers using both local insight and international relationships with other FundRock offices.
FundRock, a subsidiary of Apex Group, oversees more than 470 funds with a total of €134 billion in assets under management, and the Amsterdam office adds to a network of 170 employees operating in jurisdictions including Luxembourg, United Kingdom, Ireland, France, Abu Dhabi and Singapore.
Xavier Parain, head of FundRock, said: “We are excited to announce the further expansion of FundRock Distribution with the opening of a new office in The Netherlands.
“This announcement signals our strategic intent to represent asset managers across their portfolio wherever they are in the world – helping them to tackle the increasingly complex regulatory requirements of cross border fund distribution and supporting their asset raising activities.”
Parain also confirmed that FundRock will be announcing further geographic expansion later this year.
FundRock looks to enable clients to streamline their operations in a cost-effective manner by offering third-party fund distribution services, utilising a wide range of fund administration, middle office, banking, depositary and custody services.
In April 2021, FundRock established a distribution service for non-EU managers. Run out of Luxembourg, and headed up by managing director and head of distribution Arnaud Gerard, the service works with firms in the UK, US and Asia.
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