Aviva Investors has selected HSBC and Mount Street Group to service its real assets business, which holds $50 billion in assets under management.
As part of the agreement, HSBC and Mount Street – which is a loan servicing business – will take on all fund administration and debt servicing functions of the real assets business.
Aviva Investors selected HSBC and Mount Street following a competitive process and Aviva Investors said the partnership will lead to further automation of the firm’s administration.
The technology HSBC and Mount Street can offer is expected to allow greater transparency and more frequent and customised reporting for the real assets business.
Melanie Collett, a managing director at Aviva Investors, said: “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.”
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