Colm O’Driscoll, Global CEO at FundBank commented, “As the alternative asset management industry continues to evolve rapidly, so must its banking solutions. We identified a demand from the market for a robust and fully digitized banking partner with a growing suite of banking solutions. As FundBank prepares to expand further into key global markets, it is well positioned to meet the complex and everchanging needs of the funds industry. As a banking provider to the alternative asset management industry, our new name of “FundBank” was a perfect fit to emphasize our commitment to the funds industry.”
Adam Rossiter, FundBank COO added, “We have always listened to the needs of our clients and been quick to respond to them and we will continue to make this a key focus. Our risk systems and the foundation for our banking technology have been created as a result of the feedback received from managers and administrators and are a testament to our unique understanding of their business and fund structures.”
FundBank continues to be headquartered in the Cayman Islands and it recently welcomed John Rosanelli as U.S. Advisor to its banking operations. John works closely with the senior management team to advise on the future expansion plans and growth of the bank as it looks to increase its geographical footprint.