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Laxman Pai, Opalesque Asia:

FundRock has appointed Xavier Parain as Chief Executive Officer (CEO), effective from 7 January 2019.

Parain brings knowledge of the regulatory landscape and the funds ecosystem, as well as expertise in regulatory topics, FundRock, an independent third party UCITS management company and AIFM (Alternative Investment Fund Manager), providing services for Luxembourg, UK and Ireland-based funds said in a press release.

Prior to FundRock, Parain was managing director at the asset management directorate of the Autorité des Marchés Financiers (AMF), the French financial markets regulator. Parain served at AMF for seven years, developing relationships with European regulators and collaborating with them through numerous working groups.

Among others, he has served as the CEO of FundLogic, Morgan Stanley's funds and hedge funds distribution platform and President of Merrill Lynch Invest, Merrill Lynch's asset management firm specialising in structured funds.

Xavier Parain said: "I am honoured and excited to join FundRock, the leading independent third party Management Company and AIFM in Europe. FundRock has demonstrated impressive growth over the last years with presence in major fund centres and a reputable client portfolio."

"All of this has been achieved thanks to a highly skilled team which I am very much looking forward to collaborating with, building on this success and jointly pursuing further growth opportunities arising ......................

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