Global financial services provider Apex Group has appointed Dr Ryan Lemand as non-executive director of FundRock Management Services Ltd (Fundrock Middle East).
FundRock Middle East is based in the Abu Dhabi Global Market (ADGM) and enables clients to streamline their operations in a cost-effective manner by offering third-party ManCo services, fund administration, middle office, banking, depositary and custody services offered through the Apex Group.
Prior to joining FundRock, Dr Lemand was senior executive officer and board director of AD Investment Solutions, The ADSS Group's Wealth and Asset Management company.
Dr Lemand was also senior advisor and head of risk management at the Emirates Securities Commodities, alongside being lead portfolio manager at Fortis Investments in Europe.
Craig Roberts, regional managing director, MENA, Apex Group said: “Dr Ryan is an extremely well-known and respected financial services professional who, with his intellect, experience and passion, has been a leading voice in the development of the investment management sector of the UAE for some time.
"We are excited by the advice and expertise he will offer to FundRock in his role as Non-Executive Director and it confirms the reputation of Apex and FundRock to have such a well-regarded member of the industry join our Group."
Xavier Parain, head of FundRock added: “As part of the Apex Group, FundRock Middle East offers a powerful solution for asset managers, providing local substance in the dynamic and fast-growing ADGM jurisdiction, combined with global connectivity.
"The appointment of a non-executive director of Dr Ryan’s experience and calibre strengthens our position as the ideal partner for asset managers, institutional clients and family offices who wish to set up their funds and distribute them within the ADGM.”
Dr. Ryan himself added: "FundRock is a leading example of how access to fund structures for asset managers can be made more efficient and flexible. I have followed with the interest the trajectory of the business, and now as part of Apex Group, it goes from strength to strength, overseeing more than 470 funds, with a total of €134 bilion in AuM.
"I am delighted to join FundRock’s Board of Directors in the ADGM and I look forward to deploying my experience and knowledge to support the company’s continued growth in the region.”
