HSBC and Mount Street Group have entered into a 10-year strategic agreement with Aviva Investors for asset servicing arrangements for its real assets business. The agreement covering £50 billion of AUM will see the two organisations assume all fund administration and debt servicing functions on behalf of Aviva Investors’ real assets strategies. The HSBC and Mount Street platforms enable further automation across a range of Aviva Investors’ administrative workstreams. According to HSBC, this proves invaluable in an investment environment that calls for greater transparency and more customised, frequent reporting. Technology-led investors will have access to digital workflow and reporting solutions, connected to a consolidated data layer. Additionally, Aviva Investors will be able to access an automated service across the spectrum of their illiquid alternative strategies including real estate, infrastructure and structured debt. Tony McDonnell, global head of alternative investments, markets and securities services, HSBC, says: “At HSBC, we share Aviva Investors’ vision for the role technology can play in transforming how firms operate and use data in the real assets market, and are thrilled to be selected as a core service provider to Aviva Investors in this segment.” Paul Lloyd, CEO at Mount Street, adds: “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.”
