SS&C Technologies has declared an extension of its longstanding partnership with Royal London Asset Management, as the latter, an investment manager, is introducing a new range of actively managed funds for the Australian market.
Per the extended contract, SS&C Global Investor & Distribution Solutions will be responsible for providing funds administration and unit registry services to Royal London Asset Management’s newly set up Australian fund range, thereby intensifying the cooperation between these two companies.
The newly introduced Australian active funds include:
Royal London Global Equity Diversified Fund
Royal London Global Equity Enhanced Fund
Royal London Global Equity Select Fund
Royal London Short Duration Global High Yield Bond Fund
Royal London Asset Management (RLAM) is part of Royal London, the United Kingdom’s largest mutual life, pensions, and investment company. SS&C currently supports approximately £72 billion in assets under management across RLAM’s U.K.-based fund portfolio.
The Australian fund structure has been established with Equity Trustees serving as the Responsible Entity. The funds launched with approximately AUD $1 billion in assets under management and are structured as feeder funds, providing Australian investors with indirect exposure to RLAM’s Dublin-domiciled UCITS fund range.
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As part of the mandate, SS&C will provide a comprehensive suite of services including fund accounting, unit pricing, transfer agency, valuation, tax reporting, and financial reporting support.
“We are thrilled to extend our partnership with SS&C to encompass our new range of Australian funds,” said Ed Venner, Chief Client Officer at Royal London Asset Management. “We’ve been partnering with SS&C for the last three years in the U.K. with positive results. 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.”
The expansion reflects growing momentum in Australia’s investment management and wealth sectors, where global fund managers continue increasing their presence to capture rising investor demand for diversified international strategies.
“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,” said Nick Wright, Global Head of SS&C Global Investor & Distribution Solutions. “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 honored RLAM has entrusted us with supporting their new range of Australian funds and look forward to continuing to work with their team.”
The announcement follows broader expansion efforts by SS&C across the Asia-Pacific region, including several recent client wins and contract renewals within Australia’s superannuation and wealth management sectors.
To support continued growth in the region, SS&C recently appointed Chrys Wickremeratne as Regional Head of Fund Accounting for APAC. Wickremeratne brings more than 25 years of experience in Australian financial services and previously served as Head of Fund Services for Australia and New Zealand at HSBC.
