FundRock launches Middle East ManCo Services
FundRock, a leading European third-party UCITS Management Company (“ManCo”) and Alternative Investment Fund Manager (“AIFM”), today announces the launch of FundRock (ME) Ltd. (“FundRock ME”), in the Abu Dhabi Global Market (“ADGM”) following full regulatory approval by the ADGM Financial Services Regulatory Authority.
FundRock ME operates a fully authorised ManCo for Qualified Investor Funds and Exempt Funds in the ADGM enabling asset management clients to streamline their operations in a cost-effective manner. As a subsidiary of the Apex Group, FundRock ME offers Middle East ManCo Services previously delivered under the LRI Middle East brand.
FundRock ME plans and coordinates all steps in fund structuring and all the legal and administrative requirements relating to the fund and investors. This new offering includes third-party ManCo services as well as in-depth advice on the opportunities, risks and requirements for designing, setting up and managing a tailored investment fund in the ADGM.
Services offered by FundRock ME include:
- Managing a Collective Investment Fund
- Managing assets
- Arranging deals in investments
- Advising on investments or credit
As part of the Apex Group, FundRock ME enables clients to benefit from access to a wide range of complementary fund administration, middle office, banking, depositary and custody services that are offered globally.
The business will be led by Senior Executive Officer Faisal Hasan, CFA, and Chief Risk Officer Martin Bond who bring a combined four decades of experience in financial markets in the GCC region.
Xavier Parain, Head of FundRock, comments: “The launch of FundRock in the dynamic and fast-growing ADGM jurisdiction further strengthens our strategic intent to represent asset managers across their portfolio, helping them to tackle the complex regulatory requirements of cross-border fund distribution and supporting their asset raising activities.”
Faisal Hasan, CFA, Senior Executive Officer, FundRock (ME) Ltd, adds: “We are excited to announce the launch of FundRock ME, with an experienced team in place to act as the ideal partner for asset managers, institutional clients and family offices who wish to set up their funds and distribute them within the ADGM. As part of the Apex Group, FundRock ME offers a powerful solution for asset managers, providing local substance combined with global connectivity, enabling clients to focus on their core business.”
FundRock, an Apex Group subsidiary, is a leading independent third party UCITS Management Company, Authorised Corporate Director (ACD) and AIFM (Alternative Investment Fund Manager), providing services for European funds. FundRock provides substance through solid Risk management, Oversight, Compliance, as well as through the comprehensive Knowledge of its strong team.
The firm’s multinational team speaks over 20 languages and is well placed to support asset managers across borders with local market insight and global connectivity. FundRock, formerly known as RBS (Luxembourg) S.A. (RBSL), was established in 2004.
As of 30 June 2021, FundRock oversaw over 460 funds with a total AUM of €113bn. FundRock has over 150 employees across seven locations in Luxembourg, the UK, France, Ireland, Singapore and Abu Dhabi.
For more information please visit http://www.fundrock.com
Fundrock Investment Management Services (ME) Ltd is regulated by the ADGM Financial Services Regulatory Authority for the provision of Arranging Deals in Investment, Advising on Investments or Credit, Managing a Collective Investment Fund and Managing Assets. All communications and services are directed at Professional Clients only, persons other than Professional Clients, such as Retail Clients, are not the intended recipients of our communications or services. Fundrock Investment Management Services (ME) Ltd is a company established in the ADGM pursuant to the ADGM Companies Regulation with registration number 000004270