Key appointments
Since the start of the year, each region’s headcount has grown significantly as we expand in terms of products and services. Our key hires across the globe have included:
Kieran Dowling
In Luxembourg we were delighted to welcome Kieran Dowling as Chief Client Service & Business Development Officer at FundBank (Europe) S.A.. Kieran plays a pivotal role in ensuring client service excellence, operational leadership, and strategic business development. With over 25 years of experience in the financial services industry, Kieran has a distinguished track record in developing integrated business solutions, leading high-performing teams, and driving strategic client growth across Europe and globally.
Ian Comins
In the Cayman Islands, Ian Comins joined FundBank at the start of the year, bringing with him a depth of expertise in financial services, governance, and regulatory interaction across multiple international financial centres. Ian has an extremely strong track record of driving performance, operational efficiency, and revenue growth. Ian’s operational expertise enhances our ability to deliver fast, secure, and seamless banking solutions to clients globally and we are delighted that Ian has joined us as one of the leaders of our Cayman team.
FundBank on the road
GAIM Ops Cayman in April is always a highlight of the industry calendar, and we were delighted to be a sponsor again this year. The #1 alternative investment operations conference, GAIM is known for its esteemed speakers, addressing the hot topics and for its insightful discussion. It is always a great opportunity to meet with clients and our industry peers to discuss pressing themes, including the challenges and opportunities for the year ahead for the asset management industry.
In January, it was a privilege to host an evening of insightful discussions and networking at the Casa Tua club during iConnections: Global Alts Miami. This exclusive event provided a dynamic platform for connecting with our clients and friends within the industry.
In June, our European team were present at Nexus Luxembourg 2025, which brought together leading voices in AI, technology, and innovation, and delivered two dynamic days of ideas, connection, and collaboration. From cutting-edge discussions on artificial intelligence and digital transformation to bold visions for smart cities and sustainable finance, the conference reinforced Luxembourg’s growing role as a global innovation hub.
Regional updates
Luxembourg
FundBank (Europe) S.A. is now live in Luxembourg, fully licensed by the European Central Bank (ECB) and regulated by the CSSF. This authorisation as a full credit institution enables us to serve clients across the European Union – delivering compliant, cross-border banking infrastructure to the alternative investment fund (AIF) industry. We support the full lifecycle of private capital vehicles across Luxembourg, the Netherlands, Ireland, and all EU jurisdictions through EU passporting rights.
We are able to provide our clients with fully regulated bank accounts with real IBANs, along with custody, FX, trade execution, and escrow services and clients are onboarded in as little as 10 business days. Built in Luxembourg, and specifically designed for the AIF ecosystem, we are supporting clients to meet their objectives, all backed by strong regulatory trust.
North America
FundBank N.A. (regulated by the OCC) continues to see an unprecedented level of demand from managers and fund administrators. Our teams in New York and Austin have been working with clients to onboard them swiftly and efficiently and the feedback regarding our streamlined systems has been extremely positive. The administration sector’s reaction to our recent batch processing launch has been highly encouraging.
FundBank N.A. provides its clients with:
- Custody and Trade Execution solutions
- Operating Bank Trust Accounts and Escrow Services
- Tailored solutions for fund administrators.
Cayman Islands
From our Cayman Islands operation, we continue to go from strength to strength. As the number of Cayman based funds continues to grow, we have seen a significant growth of new clients across all sectors and strategies . Our trust and fiduciary business has grown significantly this year, led by Jerome Ebanks and Jordan Wilson, whose expertise and understanding of the market means we are well placed to meet the needs of our institutional investor clients.
We have also seen a surge in FX activity; as global markets have remained volatile, FX activity is increasing, and institutional clients are under pressure to protect value across borders. We are helping our clients to stay ahead with FX solutions that are designed for agility, precision, and performance. Our solutions deliver custom FX strategy and planning, spot trading with deep liquidity access, flexible execution (voice, portal, Bloomberg, mobile, email) and integrated custody and cash management.
Awards
Earlier this year we were delighted to be shortlisted in two categories for the 2025 HFM Global US Service Awards:
- Best Business Banking Service
- Best Custodian
This recognition from the industry’s leading service providers reflects our continued commitment to delivering excellence, innovation, and reliability to our clients. The nomination reinforces the trust placed in us by the investment management community and we look forward to the awards ceremony in New York this September.
Looking forward
Following the successful launches of FundBank in North America and Europe, we look forward to announcing further expansion of our global footprint to include the UK and Ireland by the end of 2025. Key to our success has been our ability to listen to our clients and respond to their needs; our risk systems and our banking technology have continually evolved based on the feedback received from these industry-leading managers and administrators.
It is an exciting time for FundBank, as we seek to provide innovative banking solutions to the asset management industry around the globe; tackling the issues faced by institutional investors such as lengthy onboarding times and over burdensome paperwork. Our comprehensive banking services, supported by the FundBank Client Portal, provide clients with an unparalleled user experience, solving these issues, so asset managers can focus on what they do best, managing investments and generating alpha.
*The term FundBank refers collectively to FundBank Ltd., a Cayman Islands Class B Bank, FundBank, NA, a US National Association, and FundBank (Europe) SA, a credit institution incorporated under Luxembourg law, and their affiliates. These banks are separately chartered and regulated in their respective jurisdictions and have common majority ownership. All products and services referenced in this presentation may not be available at all FundBank banks or in all jurisdictions. Details about each bank’s products and services are available on their respective webpages.