Tailored banking solutions for the global asset management industry
FundBank, N.A. will be dedicated to serving the asset management industry, specializing in hedge, private equity and venture capital investment funds and their management entities. Our team delivers tailored banking solutions to support businesses. Unlike retail banks that are inherently leveraged by design, FundBank, N.A. is an institutional bank that holds all its client funds in trust. We do not engage in lending or other leveraged activity, to facilitate security and availability of client funds, even during market volatility.
Insights from our leadership on FundBank’s expansion
Colm O’Driscoll, Vice Chairman of FundBank, N.A. and FundBank Ltd., commented, “As the asset management industry rapidly evolves from the recent banking failures, so must its banking solutions. We identified a demand from asset managers for a robust and fully dedicated banking partner, delivering banking solutions focused on the unique needs of asset management clients. Expanding into the U.S. market has been a continued request from our clients, and we are pleased to have made this a reality for them. As part of our commitment to our clients and the industry, we look forward to further announcements in relation to our products, services, and geographical reach. This will include our expansion into Europe, with an application made to the Commission de Surveillance du Secteur Financie (CSSF) in Luxembourg and the European Central Bank (ECB) for banking authorization.”
John Rosanelli, CEO of FundBank N.A., commented, “We understand that the cash flows of our clients can be large, volatile, and transient so our trust structure does not expose clients to the liquidity and duration risks that caused the recent regional banking crisis. With client funds or assets held in trust, we offer our clients the stability and peace of mind to safeguard their clients’ assets.”
About FundBank
FundBank is a leading institutional bank serving the global asset management industry. Our team of industry experts, powered by innovative technology, deliver expert banking solutions to help asset management businesses thrive and grow. To find out more about how we can streamline your banking experience, contact us.