UK - Old Mutual Asset Managers (OMAM) has appointed RBC Global Services to act as its UK fund administrator, global administrator, fund accountant and global custodian, alongside The Royal Bank of Scotland Trustee & Depositary Services as trustee provider.
RBC will provide all fund administration and fund accounting for OMAM’s UK Unit Trust range, and global administration for a further group of funds with combined assets under administration of £3.5bn.
“The decision to work with RBC as our strategic partner is a key component of our overall strategic objective to build a robust and scaleable operating platform to support our fund managers, clients and the business in general, both now and in the future,” said Beth Lathangie, chief operating officer of OMAM.
“We chose RBC due to the depth of their global experience, their unique tailor-made solutions, their commitment to customer service and their desire to understand all aspects of our business.”
Through the new outsourcing agreement, RBC has expanded its service offering to include third party administration for the UK marketplace, aligning with the rest of its global operations.
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