Luxembourg-based third-party management company FundRock has appointed Xavier Parain as its new chief executive.
Parain will join the Luxembourg-based firm in January following seven years with the French financial regulator, the Autorite des Marches Financiers (AMF), where he was managing director of the asset management directorate.
He had previously worked as chief executive of FundLogic and as president of Merrill Lynch Invest.
Laurent Bouyoux, president and founding partner of FundRock shareholder BlackFin Capital Partners said: “Parain’s experience of European regulatory bodies will directly benefit FundRock’s clients, helping them to navigate through a complex and constantly evolving regulatory context.”
Parain will replace Revel Wood who has served as FundRock’s chief executive since October 2013.
FundRock, previously known as RBS (Luxembourg) SA, was established in 2004. After the business was sold to BlackFin in 2015 it was renamed FundRock.
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