Financial services company FundRock recently announced the opening of its new office in Limerick with the creation of 45 positions in the next year.
FundRock is a leading independent UCITS Management Company and Alternative Investment Fund Manager offering solutions for Luxembourg, UK and Ireland based funds.
The new office will be its second in Ireland and will serve as a centre of excellence and operational centre. Conor O’Brien, Managing Director Ireland details the company’s Irish growth: “The expansion in Ireland had always been a crucial part of our long term strategy. Being a client led organisation, we have responded to client demand in order to best accommodate their needs, especially those looking to move their funds to Ireland. This expansion into Ireland aligns with our ambition to offer service excellence to a global client base by providing a value added solution for all their domestic fund management needs across Europe.”
A number of factors attracted FundRock to their new location. “Limerick was an easy choice for us – advantages include University of Limerick (UL), access to talent in Limerick and nearby counties, quality of life for staff, the nearby international airport with pre-clearance for US and the large amount of available office space,” said Conor.
FundRock arrived in Limerick in early March with 14 staff who had spent two to six months training in the Luxembourg and London offices. The Limerick team have now grown to 22 and will soon reach 27, with more roles opening and being filled on a regular basis.
Conor stated: “Most of our team are from the Limerick region but we have also had a few people who chose to move here from Dublin to join our organisation. The opening of our new office has really energized the team and our colleagues and partners across all our locations.”
FundRock currently employ approximately 140 people across offices in Limerick, Dublin, London and Luxembourg with around 20 different nationalities and languages. They recently announced the opening of a new office in Singapore to ensure proximity to their growing Asian client base.
Conor said the launch of the Limerick office has gone really well so far. “We started production in Limerick on 4th March, and since then everything has been even better than we had hoped. We have had a lot of interest from people who want to learn more about what FundRock do and who are interested in joining us on our journey.
“Limerick is a fantastic location. It’s easy to get in and out of the city and the University campus is one of the best we have seen. Our long history of bringing placement students and graduates from UL has proved to us that there is a pool of smart, motivated and educated people available who will drive our business forward long into the future.
“Our experience has been all positive so far, and I can’t say that we have encountered any major obstacles. If and when challenges do appear, our interactions with Limerick stakeholders have given me confidence that there will be a huge effort to overcome these challenges quickly and efficiently.
“We have had great support from the IDA on every step of our journey. We have also received support from service providers, the University teaching bodies, among many others. This goodwill towards the company is very evident in the messages of support and offerings of assistance we received from many different bodies, services providers and individuals since the moment we announced our arrival,” concluded Conor.
Visit www.fundrock.com for more information.