Royal London Asset Management (RLAM), a prominent UK fund management company, has announced a significant expansion of its existing relationship with SS&C Technologies Holdings, Inc. The renewed partnership will see SS&C Global Investor & Distribution Solutions provide crucial fund administration and unit registry services for RLAM's newly launched range of Australian active funds. This development marks a strategic move by the UK-based asset manager to broaden its international footprint.
The new Australian fund offerings include the Royal London Global Equity Diversified Fund and the Royal London Global Sustainable Equity Fund. SS&C's role will be instrumental in managing the operational aspects of these funds, ensuring efficient administration and accurate record-keeping for investors. This extension of services builds upon a pre-existing collaboration between RLAM and SS&C, highlighting a sustained trust in SS&C's capabilities within the financial services sector.
For RLAM, a wholly-owned subsidiary of the Royal London Mutual Insurance Society Limited, this expansion into the Australian market represents a key part of its growth strategy. The company, which manages over GBP 164 billion in assets, is seeking to leverage its expertise in active fund management to attract a new base of investors in a different geographical region. The focus on both diversified and sustainable equity funds also reflects broader trends in global investment towards environmental, social, and governance (ESG) considerations.
SS&C Technologies, a global provider of financial services software and software-enabled services, will be responsible for the intricate details of fund operations. This includes tasks such as calculating net asset values, processing investor transactions, and maintaining investor registers. The firm's robust technology infrastructure is designed to support the complexities of international fund management, allowing RLAM to concentrate on its core investment strategies.
The move by RLAM underscores a growing trend among UK financial institutions to seek opportunities beyond domestic borders, diversifying their investor base and asset portfolios. By partnering with an established service provider like SS&C, RLAM aims to ensure a smooth and compliant entry into the Australian market, offering its investment products to a wider audience while maintaining operational efficiency.