FundRock enables clients to streamline their operations in a cost-effective manner by offering third-party ManCo and fund distribution services under one roof, complemented by a wide range of fund administration, middle office, banking, depositary and custody services delivered through parent company Apex Group.

In addition to existing ManCo services, FundRock Distribution S.A. will now provide distribution services, enabling Fundsmith to distribute its funds in Europe. FundRock Distribution will provide specific resources and support to Fundsmith in the Italian market.

FundRock Distribution’s proximity to clients’ key marketing and distribution markets, delivers significant time, resource and cost benefits through an established network of more than 200 experts in key jurisdictions including Luxembourg, United Kingdom, Ireland, Netherlands, France, Abu Dhabi and Singapore.

This is the latest new business win for FundRock Distribution which has also been appointed by leading asset managers including Royal London Asset Management. FundRock Distribution recently announced the launch of a new office in Amsterdam, supplementing the firm’s existing multinational team which speaks over 20 languages and is well-placed to support asset managers across borders with local market insight and global connectivity.

Arnaud GÉRARD, CFA, Head of Distribution at FundRock comments: “FundRock Distribution offers a powerful solution for asset managers, providing local substance combined with global connectivity, enabling our clients to focus on their core business. We look forward to supporting Fundsmith to distribute their funds more efficiently and effectively into European markets, while ensuring the highest standards of governance and regulatory compliance.”

Mark Laurence, COO at Fundsmith commented: “We are delighted to extend our existing relationship with FundRock to help manage our post Brexit EU distribution. In particular it will allow us to target the Italian market through the services of incoming FundRock Sales Director, Giuseppe Bellavia, who joins from Allianz Global Life.”