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.”