FundRock expands relationship with WHEB Asset Management through distribution deal

News Team, 08/06/2021

FundRock, will provide distribution services to sustainable impact investor WHEB Asset Management (WHEB), expanding its relationship with the firm.

The announcement is an extension of FundRock’s existing role as ManCo for WHEB’s Irish ICAV and ACD for WHEB’s Sustainability OEIC, with a particular focus on its European distribution needs.

This news follows the launch of FundRock’s new CSSF-regulated business in Luxembourg, which will provide fund distribution solutions to non-EU asset managers. FundRock Distribution is aiming to recruit its own institutional and wholesale team of experts throughout 2021

WHEB joins FundRock’s client base from countries including Switzerland, United Kingdom and United States.

Following the United Kingdom’s exit from the European Union, it is now considered a third-party jurisdiction similar to the United States and Asia.

Arnaud Gérard, CFA, Managing Director, FundRock Distribution S.A. said: “This appointment to provide distribution services to WHEB supplements our role as ManCo, and demonstrates FundRock’s strategic placement to represent asset managers across their portfolio facilitating them in tackling the complexity and regulatory requirements of cross-border fund distribution and supporting their effort to raise assets. We are very pleased to be the trusted partner of WHEB, a front runner in sustainable and impact investing, now enabling a wider investors base to access their strategies.”

George Latham, Managing Partner of WHEB Asset Management added: “We’re delighted to expand our partnership with FundRock following a thorough review of the providers currently available in the market. We aim to embed our environmental, social and governance values throughout our business and our broader supply chain, and conducted extensive due diligence prior to appointing FundRock to provide distribution services for the WHEB Sustainable Impact Fund. With FundRock’s support, we will continue building our business in the European markets and bringing our investment strategy to new investors.”

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