Royal London AM extends SS&C mandate for new Aussie funds

Royal London Asset Management (RLAM) will extend its mandate with SS&C Technologies to provide its fund administration and unit registry services for its new range of Australian active funds, with around $1 billion in assets under management.

The funds include Royal London Global Equity Diversified Fund, Royal London Global Equity Enhanced Fund, Royal London Global Equity Select Fund and Royal London Short Duration Global High Yield Bond Fund.

SS&C will provide its full suite of fund administration services to the funds, including accounting, unit pricing, transfer agency, valuation and tax/financial reporting.

Equity Trustees will serve as the Responsible Entity for RLAM's new funds.

"We are thrilled to extend our partnership with SS&C to encompass our new range of Australian funds. We've been partnering with SS&C for the last three years in the UK with positive results," Royal London Asset Management chief client officer Ed Venner said.

"The firm's global scale and their growing presence in the Australian market made SS&C a natural choice to service our new Australian funds. SS&C's expertise has streamlined the unit trust launch process for our team, allowing us to focus on building direct relationships with Australian investors and advisers."

"We are pleased to further our long-term relationship with Royal London Asset Management as they continue developing their distribution model in the growing Australian market," SS&C Global Investor & Distribution Solutions global head Nick Wright said.

"SS&C has invested significant time and resources in expanding our local team and offerings to best serve fund managers in the region. We are honoured RLAM has entrusted us with supporting their new range of Australian funds and look forward to continuing to work with their team."

RLAM manages £199 billion (412bn) on behalf of clients and is part of Royal London, the UK's largest mutual life, pensions and investment company.