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FundRock Management Company S.A. (“FundRock”) has completed the purchase of Fund Partners (FP), the UK’s leading independent ACD (Authorised Corporate Director) from Professional Partners Administration Limited (PPAL). The deal was first announced on 23 January 2017 and concludes following regulatory approval of the Commission de Surveillance du Secteur Financier (“CSSF”) and the Financial Conduct Authority (“FCA”).
Upon closing on 27 September, this entity became a 100% subsidiary of FundRock Holdings. All existing staff based in the Fund Partners London office have been retained by FundRock and will remain at the same premises continuing to serve all clients as usual. This move is part of FundRock’s five year plan to become the largest independent Fund Management...
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