With $50 billion in assets under management, Aviva Investors has chosen HSBC and Mount Street Group to service its real assets business.
According to the agreement, all fund administration and debt servicing responsibilities for the real assets business will be handled by HSBC and Mount Street, a loan servicing company.
Following a competitive selection process, Aviva Investors chose HSBC and Mount Street. According to Aviva Investors, the partnership will further automate the company's administrative processes.
For the real assets business, it is anticipated that the technology HSBC and Mount Street can provide will enable greater transparency and more frequent, tailored reporting.
"By investing in our technology, data and operating model, embedding our key operational requirements with expert service, we can ensure our investment expertise focusses 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," said Melanie Collett, a managing director at Aviva Investors.
By fLEXI tEAM
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