Apex has named Dr. Ryan Lemand as director of FundRock Middle East. Previously, he was the senior advisor and head of risk management at the Emirates Securities & Commodities Authority.
Abu Dhabi, April 4 2022 — Apex Group Ltd. (“Apex” or “The Group”), a global financial services provider, today announces the appointment of Dr. Ryan Lemand as a Non-Executive Director of FundRock Investment Management Services (ME) Ltd (“FundRock Middle East”).
Dr. Ryan Lemand (“Dr Ryan”) brings decades of financial services experience including as the former Senior Executive Officer and Board Director of ADS Investment Solutions, the ADSS Group’s Wealth and Asset Management Company, which he launched and grew to become one of the largest companies in the Abu Dhabi Global Market (“ADGM”).
Prior to this, Dr. Ryan was the Senior Advisor and Head of Risk Management at the Emirates Securities & Commodities Authority, the UAE’s federal securities regulator. He previously held the role of Lead Portfolio Manager at Fortis Investments in Europe, where he was responsible for managing a €14.6-billion portfolio of assets. Dr. Ryan is a widely respected author, academic, and contributor to major financial market discussions and events in the UAE and the wider MENA region.
FundRock Middle East is based in the ADGM, one of the world’s fastest growing financial centres and is regulated by the ADGM Financial Services Regulatory Authority as a Category 3C licensed asset management company. As a fully authorised ManCo for Qualified Investor Funds and Exempt Funds, FundRock Middle East partners with asset managers, institutional clients and family offices who wish to establish funds and distribute them within the ADGM.
FundRock Middle East enables clients to streamline their operations in a cost-effective manner by offering third-party ManCo services, complemented by a wide range of fund administration, middle office, banking, depositary and custody services offered through the Apex Group
Craig Roberts, Regional Managing Director, MENA, Apex Group comments: “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 further comments: “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 caliber 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, Non-Executive Director, FundRock Investment Management Services (ME) Ltd. further adds: “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 €134bn 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.”
About Apex Group
Apex Group Ltd., established in Bermuda in 2003, is a global financial services provider. With over 50 offices worldwide and 9,000 employees upon the close of announced acquisitions, Apex delivers an extensive range of services to asset managers, capital markets, private clients and family offices. The Group has continually improved and evolved its capabilities to offer a single-source solution through establishing the broadest range of services in the industry; including fund services, digital onboarding and bank accounts, depositary, custody and super ManCo services, business services including HR and Payroll and a pioneering ESG Ratings and Advisory service for private companies.