Rockland Trust, the sole bank subsidiary of Independent Bank, has established Bright Rock Capital Management, a wholly owned subsidiary dedicated to institutional investment management.
Bright Rock will offer both separately managed accounts as well as mutual funds. Critical to the needs of large institutions, Bright Rock will have the capacity to customize mandates across the US equity spectrum, with specific focus on the Mid Cap Growth, Small Cap Growth, and Quality Large Cap areas of the market, among others.
Rockland Trust and Bright Rock Capital Management combined assets under management currently exceed $1.3bn, and include investment management products across the US equity and fixed income markets.
David Smith, chief investment officer at Rockland Trust, said: “Consistent with the Rockland Trust commitment to excellence on behalf of our clients, we have established Bright Rock to ensure that our clients receive the full focus and attention of the organization, specific to their areas of need.
“In Bright Rock, we see an opportunity to provide institutional investors with direct access to industry leading and highly focused investment management capabilities across the US equity markets and beyond.”