Ross Thomson is managing director of FundRock, an independent UCITS Management Company and AIFM (Alternative Investment Fund Manager) offering solutions for Luxembourg, UK and Ireland-based funds. Twelve months ago, he relocated to Ireland to become director of the Ireland branch of FundRock. Ross joined Fundrock in 2013 and prior to this he worked in the hedge fund administration sector for 13 years in a number of locations including Curacao, Toronto and Luxembourg.
What has been your career highlight to date?
Over the years there have been many successes and a few failures however, the main highlight for me has been the ability to relocate to different countries while doing the job I enjoy. Working and living in different cultures has given me a great appreciation of “how to do business” globally.
What qualities do you need to succeed in business?
Being charismatic is a great quality to have, unfortunately it is not always a quality that can be taught. Additionally, flexibility and the ability to adapt to the environment around you is becoming more and more important these days, as technology and regulatory developments are constantly changing the industry landscape.
Who or what are your main influences?
I have been given the opportunity to open and run the Irish branch for FundRock and this has shown the faith that our board and shareholders have put in me to make this a success. This faith has, and will continue, to drive and motivate me to succeed.
What is the most challenging part of your role?
At this point in time, Brexit. Although challenging, there are opportunities being created for our company here in Ireland. That being said, the challenge remains the ability to create a solution for the unknown.
What, in your view, is the biggest challenge facing directors in Ireland today?
Speaking more from a funds perspective, the main challenge steams from regulatory change and the increased threat of sanctions. Currently, both challenges are creating opportunities in the market and a rethink by fund entities regarding their operating structures.
What, in your opinion, makes a great leader?
Somebody who is not afraid to make a decision and to stick by it.
What do you hope to gain from your membership with the IoD?
Build relationships and networks with other individual and company members and take advantage of the training courses offered. It would also be an opportunity for FundRock to give back and hopefully work with the IoD to present members with knowledge share sessions on market developments.