Aviva Investors picks HSBC and Mount Street to service £50bn real assets
HSBC and Mount Street have signed a deal to service Aviva Investors’ £50bn real assets business.
The 10-year strategic agreement will see the duo assume all fund administration and debt-servicing functions.
HSBC and Mount Street were selected following a competitive process, with both praised for the depth of their offering, direct expertise in real assets credit and equity markets, and superior end-to-end service.
HSBC and Mount Street have signed a deal to service Aviva Investors’ £50bn real assets business.
The 10-year strategic agreement will see the duo assume all fund administration and debt-servicing functions.
HSBC and Mount Street were selected following a competitive process, with both praised for the depth of their offering, direct expertise in real assets credit and equity markets, and superior end-to-end service.
Mount Street chief executive Paul Lloyd said: “Over the past number of years, the administrative burden on asset managers has significantly increased, driven by growing investor appetite for more frequent and detailed access to underlying data. Our technology eases that burden, making the job of fund administration, information management and loan servicing much more efficient, thereby allowing managers to focus on the job of investment performance.”
The arrangement will allow further automation in an investment environment that calls for greater transparency and more customised, frequent reporting. The technology-led system will allow investors’ access to sophisticated digital workflow and reporting solutions, connected to a consolidated data layer.
Aviva Investors will also be able to access a broad, efficient and highly automated service across the spectrum of their illiquid alternatives strategies, including real estate, infrastructure and structured debt.
Aviva Investors’ managing director of assets management of real assets, Melanie Collett, said: “Having a market-leading proposition is key to delivering our significant growth trajectory for our real assets business. By investing in our technology, data and operating model, embedding our key operational requirements with expert service, we can ensure our investment expertise focuses on value-add and performance. This will position our Real Assets business to offer a simple, scalable and efficient model and provide an exceptional service to our clients.”
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