FundRock Management Company, a Luxembourg-based alternative investment fund manager company, has expanded its European presence by launching a new office in Dublin, Ireland.

The fund manager said that the move was prompted by market uncertainty created in the investment management sector after Brexit, and is part of its long-term growth strategy in Ireland.

FundRock CEO Revel Wood said: “The move to Ireland is a crucial part of our long term strategy, and being a client led organisation, we have responded to client demand, to accommodate their needs, especially those looking to move their funds to Ireland.

“This expansion into Ireland aligns with our ambition to offer service excellence to a global client base by providing a value added solution for all their domestic fund management needs across Europe.”

The new office will be led by Ross Thomson, who has an experience of about two decades in the fund industry in Luxembourg and Canada. The company also made two hires from the Dublin market to support Thomson.

FundRock director of operations oversight in Luxembourg Ross Thomson said: “Opening an Irish branch is an exciting move for us given the strength of the market here and the quality of local service providers. As part of the firm’s expansion, we are committed to helping our clients succeed in Ireland, not least with the opportunities that Brexit could provide.”