Euroclear UK & Ireland fund service attracts five new fund managers
London, 3 February 2014 – Euroclear UK & Ireland has signed up five more UK fund managers to its investment fund service already this year. These investment firms have chosen to automate the settlement and reconciliation phase of their funds’ transaction processing cycle with the UK’s central securities depository. The fund managers already use Euroclear UK & Ireland for automated order routing.
The funds managers are:
- Aviva Investors
- Legg Mason Global Asset Management
- Martin Currie Investment Management
- Neptune Investment Management
- Royal London Asset Management
Katrina Sartorius, Head of Product Management at Euroclear UK & Ireland, said: “The momentum we saw last year has continued into 2014 with five more investment managers choosing the benefits of our established funds offering. We welcome Aviva, Legg Mason, Martin Currie, Neptune and Royal London which are now benefitting from Euroclear UK & Ireland’s robust, cheap and efficient investment funds service. They join other leading funds managers such as M&G, Aberdeen and Invesco.”
Tim Orton, Pensions and Investments Product Director from Aviva, stated: “The automated services that Euroclear UK & Ireland now offer us go a long way to abolishing manual and time-consuming administrative processes. Not only are we freeing up resources internally to focus on business-critical areas, we are passing on efficiency savings to our clients which should, over time, reduce the overall cost of fund ownership.”
Pritie Sharma, Head of Investor Services from Neptune, commented: “Euroclear UK & Ireland’s fund services enable Neptune to provide its clients with clarity and risk-avoidance afforded by real-time balance reconciliation. Cash and unit balance movements now happen in tandem, which was not the case previously.”
Note to Editors
Euroclear UK & Ireland is the central securities depository (CSD) of the United Kingdom, Jersey, Guernsey and the Isle of Man for all domestic securities, and of Ireland for equities. It provides advanced, low-cost settlement facilities for a wide range of investment funds, corporate and government securities, and equities including those traded on the London Stock Exchange and Irish Stock Exchange.
Euroclear UK & Ireland’s investment funds service uses the CREST system for the settlement, reconciliation, transfer and corporate action events processing of mutual funds held in the UK and Ireland. It provides fund managers and platforms/distributors alike the ability to centrally manage their mutual funds holdings, giving real time balance information; the status of current, historical and future settlement transactions; the ability to transfer holdings between platforms/distributors using matched instructions; and to receive the out-turn of corporate action events.
Euroclear UK & Ireland is part of the Euroclear group, which is the world’s largest provider of domestic and cross-border settlement and related services for bond, equity, derivatives and fund transactions. The Euroclear group also comprises the international CSD, Euroclear Bank, as well as the national CSDs of Euroclear Belgium, Euroclear Finland, Euroclear France, Euroclear Nederland and Euroclear Sweden.
For more information, please visit www.euroclear.com
Aviva provides insurance, savings and investment products to 34 million customers worldwide.
It is the UK’s largest insurer with over 14 million customers and one of Europe’s leading providers of life and general insurance. Aviva combines strong life insurance, general insurance and asset management businesses under one powerful brand. We are committed to serving our customers well in order to build a stronger, sustainable business, which makes a positive contribution to society, and for which Aviva people are proud to work.
Aviva is ranked as one of the UK’s top ten most valuable brands and Aviva Plc is in the top 10% of socially responsible companies globally in the Dow Jones Sustainability World Index. In 2012, Aviva invested £5.7m into its UK communities. One in three of our employees were involved in community investment activities which included giving nearly 30,000 hours. Aviva is working in partnership with Railway Children through the Aviva Street to School programme to get children living or working on UK streets back into everyday life, especially education.
Find out more at Aviva media contact: Fiona Whytock: 01904 452659: 07800 692299
Since its founding in 1899 in Baltimore, Maryland, Legg Mason has evolved into one of the largest asset management firms in the world, serving individual and institutional investors on six continents.
Today’s Legg Mason is a diversified group of global asset management firms (“affiliates”) who are recognized for their proven investment expertise and long-term performance. The principal investment affiliates of Legg Mason are among the industry leaders in their respective areas of specialization, with unique investment approaches that have been developed over decades. The distinctive Legg Mason “multi-affiliate” business model provides clients with a broad spectrum of Equity, Fixed Income, Liquidity and Alternatives solutions, from mutual funds to college savings plans to
variable annuities to separately managed accounts.
Legg Mason affiliates operate with investment autonomy, with each affiliate pursuing its own unique investment philosophy and process and maintaining its own investment culture, in order to create sustainable value for its clients. Legg Mason provides global distribution and invests in growth through core strategic services including capital allocation for product development, investing in our existing affiliates and making new acquisitions. The diversification and balance of Legg Mason have fueled the company’s performance over its 30 year history as a public company. Legg Mason is one of the largest asset managers in the world, with assets under management of $680 billion as of December 31, 2013.
Martin Currie is an independent and private company. It specialises in international equity, managing money for a global client base of financial institutions, charities, foundations, endowments, pension funds, family offices, government agencies and investment funds. Martin Currie’s approach to investing is refreshingly simple: we focus on companies. Our integrated investment floor seeks out those companies that we believe have the fundamentals to deliver material outperformance on a medium to longterm view. Once they have been identified, we then mould these ideas into well balanced portfolios. Our portfolio construction controls macro-factor sensitivity, allowing client portfolios to derive maximum value from our stock insights, and returns to be delivered in a predictable and sustainable fashion. We offer a focused range of investment products and dedicate all of our resources to delivering for our clients, both in terms of investment outcomes and superior client relationships.
MCIM is authorised and regulated by the UK Financial Conduct Authority (“FCA”).
Martin Currie Investment Management Ltd, registered in Scotland (no 66107)
Saltire Court, 20 Castle Terrace, Edinburgh EH1 2ES
Tel: (44) 131 229 5252
Fax: (44) 131 228 5959
Neptune is an independent fund management company founded in May 2002. More than 75% of the company is owned by its employees and directors.
The Neptune investment philosophy is driven primarily by the belief that equities should be viewed by global industry sector rather than with the more traditional regional, index-driven approach. However, economic and national factors are taken into consideration and Neptune offers single region and country portfolios alongside its global funds. Neptune’s combination of its global overview and bottom-up stockpicking forms the rigorous and proven investment process used across all of its funds. The portfolios are not constrained by benchmarks, allowing the managers to pursue a high-conviction approach. Neptune Investment Management Limited is authorised and regulated by the Financial Conduct Authority. FCA number 416015.