FundRock LIS S.A. is a successful third-party UCITS management company and AIFM headquartered in Luxembourg and with an office in Dublin, delivering fund solutions to renowned investment managers and fund initiators.

Founded in 2011, we focus on private equity, real estate, infrastructure and debt asset classes. Today we are the leading third-party AIFM in the private funds space.

In September 2022, our company was acquired by Apex Group. Apex Group Ltd., established in Bermuda in 2003, is a global financial services provider. With over 13,000 employees globally, Apex Group provides services into 50 jurisdictions delivering an expansive range of services to asset managers, financial institutions, private clients, and family offices. The Group has continually improved and evolved its capabilities to offer a single-source solution through establishing the broadest range of services in the industry; including fund raising solutions, fund administration, digital onboarding and bank accounts, depositary, custody, super ManCo, corporate services and a pioneering ESG and sustainability services. Apex Group’s purpose is to be more than just a financial services provider and is committed to driving positive change to address three core areas; the environment and climate change, women’s empowerment and economic independence, education and social mobility.

Apex Group is seeking a senior leader to assume the role of Head of Portfolio Management and Conducting Officer within its Luxembourg ManCo platform.

The Conducting Officer / Head of Portfolio Management is responsible for the effective oversight and supervision of portfolio management activities performed by the Management Company and its delegates. The role ensures full compliance with Luxembourg regulatory requirements (CSSF), applicable EU directives (UCITS/AIFM), and internal governance standards while delivering robust investment oversight and risk-aware decision-making.

This role combines:

• Regulatory accountability as an approved Conducting Officer responsible for Portfolio Management
• Direct management/supervision of the portfolio management teams for both AIFs and UCITs, teams in charge of managing portfolios based on an advisory model.
• Strategic leadership of portfolio management oversight across a diversified and growing client and product base

The successful candidate will play a critical role in ensuring robust investment oversight, regulatory compliance, and operating model scalability, supporting Apex’s ambition to be the leading third-party ManCo platform.

Key Responsibilities

Regulatory & Conducting Officer Responsibilities

• Act as Conducting Officer responsible for Portfolio Management / Investment Management, ensuring sound and prudent management of the IFM
• Ensure full compliance with CSSF Circular 18/698, including fitness, propriety, and effective oversight of delegated functions
• Maintain substance in Luxembourg including demonstrable oversight, governance and decision-making presence

Operational and strategic leadership of the Portfolio Management teams

• Lead and manage the 2 teams in charge of AIFs and UCITs portfolio management activities
• Ensure that they are properly staffed and policies and procedures are followed
• Strengthen/optimise current operating models and increase scalability thought technology, AI and data
• Ensure alignment of teams objectives with company and group strategic goals, contributing to the overall business strategy of the Company and its parent group
• Act in accordance with the firm’s leadership principles and governance standards, ensuring consistency in decision-making, accountability, and ethical conduct
• Drive clear objective setting, performance management, and feedback processes within the team
• Contribute to cross-functional collaboration and leadership within the broader organization

Portfolio Management Oversight Leadership

• Lead the Portfolio Management Oversight (PMO) function, ensuring robust control over delegated portfolio management and investment advisory activities
• Own the end-to-end oversight framework, including:
  • Initial and ongoing due diligence of portfolio managers
  • Performance monitoring and challenge processes
  • Investment compliance monitoring
• Ensure the ManCo retains effective control and decision-making capability over delegates and can intervene where required
• Oversee a broad range of strategies and asset classes

Governance & Stakeholder Management

• Contribute to and/or chair Investment Committees and governance forums
• Provide clear, concise reporting to Boards and Management Committees on portfolio oversight, risks, and performance
• Ensure strong challenge, escalation and documentation culture across investment oversight

Transformation & Platform Development

• Drive continuous improvement of the ManCo portfolio oversight model, including:
  • Scaling across asset classes and jurisdictions
  • Enhancing data, systems and reporting capabilities
  • Strengthening operating model efficiency and standardisation
• Support strategic growth initiatives, including onboarding new clients, products and complex strategies
• Contribute to Apex’s broader platform transformation and integration agenda

Leadership & Culture

• Build and lead a high-performing Portfolio Management (AIFs and UCITs) and Portfolio Management Oversight team
• Ensure appropriate skills, expertise and capacity in Luxembourg, aligned with regulatory expectations
• Promote a culture of accountability, independence, and investor protection

Candidate Profile Experience & Expertise

• Significant experience in:
  • Portfolio management oversight, investment management, or ManCo environment
  • Luxembourg regulatory framework
• Demonstrated readiness to act as Conducting Officer (approved or approvable by CSSF)
• Strong understanding of delegation models and oversight obligations

Leadership & Transformation Capability

Ability to:

• Lead transformation initiatives within regulated environments
• Build and scale operating models in growth platforms
• Manage complex stakeholder ecosystem (clients, regulators, delegates)

Core Competencies

• Strong leadership and decision-making capabilities
• Excellent understanding of financial markets, asset classes, and investment strategies
• Analytical mindset with the ability to challenge and assess complex investment structures
• High degree of regulatory judgement and governance focus
• Strategic mindset balanced with execution discipline
• Ability to constructively challenge portfolio managers and senior stakeholders
• Good communication and stakeholder management skills (Board level exposure)
• Fluency in English; additional languages (e.g., German or French) are advantageous

Why Join Apex / FundRock

• Be part of a leading global provider of ManCo and AIFM services
• Play a key role in shaping a next-generation ManCo platform
• Work across diverse asset classes and international clients
• Influence strategy, governance, and regulatory positioning at a senior level

Please note that a background check will be conducted as part of the hiring process once a job offer has been made. In accordance with the provisions of the Luxembourg law of 23 July 2016 amending the law of 29 March 2013, candidates may be required to provide an extract from their criminal record. This document, issued by the authorities, must not be older than three months. Such a document will be requested with the aim of carrying out a character check on candidates, bearing in mind the area of activity of our establishment and, more particularly, the tasks described in the job description.

As a vital team member and in return for your expertise, inclusive approach and commitment, we'll provide a favourable salary and the chance to join a passionate and welcoming team. Benefits As a truly global business, we tailor benefits to each location to safeguard our people and respect local cultures and ways of working. Our people are our greatest asset, and we invest in talent development. Join our global network, and you will benefit from education support, sponsorship and in-house training programs.

Disclaimer: Unsolicited CVs sent to Apex (Talent Acquisition Team or Hiring Managers) by recruitment agencies will not be accepted for this position. Apex operates a direct sourcing model and where agency assistance is required, the Talent Acquisition team will engage directly with our exclusive recruitment partners.