SEB Fund Services merged with FundRock.

SEB Fund Services, a Fund Services business of SEB, Swedish financial group, merged with FundRock, a leading independent third party UCITS Management Company. Financial terms were not disclosed. FundRock has a focused strategy to become one of the leading, independent providers of fund services in Europe. “This move is part of our five year plan and provides a strong foundation to reach our goal of becoming the premier independent Fund Management Company/AIFM in Europe with a full pan-EU offering in the three major fund centres; UK, Ireland and Luxembourg”, says Revel Wood, Group CEO of FundRock.