Royal London Asset Management appoints FundRock for ManCo & Distribution Services
FundRock Management Company, a leading European third-party UCITS Management Company (“ManCo”) and Alternative Investment Fund Manager (“AIFM”), today announces that it has been appointed by the Board of Royal London Asset Management (“RLAM”) Funds plc and the Board of the RLAM Funds ICAV to provide Management Company Services.
RLAM is one of the UK’s leading fund management companies, managing assets on behalf of a wide range of clients. FundRock will provide ManCo Services to Royal London’s Irish Fund Range and comprehensive Distribution Support within the European Union. The Funds’ combined assets under management (“AuM”) are over €17bn.
This appointment follows a wider trend of non-European Union based managers and the Boards of Irish self-managed funds partnering with established institutional third-party management companies. With significant substance and technology, the right partner can help funds to deliver efficiencies and meet their resourcing requirements in a post-CP86 and Brexit environment.
FundRock, part of the Apex Group, has a significant Irish presence, employing over 65 people in Ireland. As of December 31, 2021, FundRock is one of the largest ManCos in Europe, overseeing more than 470 funds with a total of €134 billion in assets under management. The FundRock Group has more than 170 employees in six countries including Luxembourg, United Kingdom, Ireland and France.
Paul Spendiff, Managing Director, FundRock Management Company comments: “We are pleased to be supporting Royal London’s Irish funds with our leading ManCo and European Distribution services. This appointment is recognition of our significant scale and ability to offer our clients a substantial, well-capitalised solution with deep and broad expertise, packaged into a robust offering with strong local presence.”
Rob Williams, Chief Distribution Officer, Royal London Asset Management further adds: “We are delighted to be working with FundRock who share our philosophy of providing bespoke solutions to meet specific investor objectives. We were impressed by FundRock’s comprehensive suite of services beyond management company solutions, including their European Distribution capabilities.”
FundRock Management Company is a leading independent UCITS management company and AIFM investment fund manager. It is a subsidiary of Apex Group.
As of December 31, 2021, FundRock oversees more than 470 funds with a total of €134 billion in assets under management. The FundRock group has more than 170 employees in six countries Luxembourg, United Kingdom, Ireland, France, Abu Dhabi and Singapore.
About Royal London Asset Management
Royal London Asset Management (RLAM) is one of the UK’s leading fund management companies, managing assets on behalf of a wide range of clients.
RLAM’s experienced team of investment specialists manages around £164 billion of assets (as at 31 December 2021), investing across all major asset classes. RLAM’s funds are aimed at meeting a broad range of investor needs, in addition RLAM provides bespoke solutions to meet specific objectives.
RLAM was established in 1988 and is a wholly owned and central part of the Royal London Group. Since our inception we have built a reputation as an innovative, high performing fund manager. Our track record and exceptional client service have been recognised with a number of awards. We are proud of the people we employ, the performance we have delivered and the wide-ranging group of clients we manage for.
FundRock (part of Apex Group): Antonia Powell, Head of Media Relations | email@example.com | +44 (0) 7789902279