Overy has over 20 years’ industry experience and joins from Northern Trust where he was Senior Vice President of Asset Management. He has a wealth of experience championing Tax Transparent Funds in the wider industry and a keen focus on driving enhanced governance, risk control and cost efficiencies.
At AMX, Aaron will focus on further accelerating the growth of the exchange by leading teams tasked with expanding new manager and client relationships.
Overy’s appointment also coincides with two more senior hires for the London team as part of AMX’s wider expansion plans. Celia Larkin has joined as Manager Development Director, and Elaine Russell as Senior Client Service Manager. With 21 years’ and 18 years’ experience respectively, both will be instrumental in supporting AMX’s growth and meeting the needs of AMX’s expanding client base.
Oliver Jaegemann, Global Head of AMX commented: “AMX’s dramatic increase in AUM from $750m at launch to nearly $7bn in less than two years is testament to the appetite we are seeing in the industry for such innovation.
“Aaron’s expertise in the Tax Transparent Fund market is crucial to support our Common Contractual funds offering. This structure enables investors to access the benefits of pooled fund structures while simultaneously protecting their tax status – delivering greater efficiencies and transparencies to investors and ultimately to the end-saver.
“We are thrilled to welcome Aaron, Celia and Elaine to our growing team. Their plethora of experiences will help us to continue the transformation of the institutional investment industry and further expand our offering.”
Aaron Overy, newly appointed Head of Client and Manager Development said: “It is certainly an exciting time to be joining AMX. I have been watching the business’ development since inception and there is evidently plenty of demand for their services. I look forward to leveraging this and contributing to the innovative strides being made by the team across the industry.”
Notes to editors
AMX centralises, standardises and streamlines the process of investing by making implementation and monitoring more efficient through:
- Reduced duplication of cost, resource and time
- Economies of scale in relationships with other service providers, such as market counterparties, custodians, clearers and
- Standardised legal documentation
- Timelier and more accurate reporting through centralised data
- Reduced complexity via standardised infrastructure and a centralised back office.
AMX secures better pricing because of the buying power of the exchange by centralising operating costs, such as custody and administration at the exchange, thereby lowering operating expenses.
AMX also offers enhanced control for investors via an independent risk oversight function and single portfolio interface to centralise and standardise compliance, minimising distractions from the core investment function while providing greater investor confidence.
About The Asset Management Exchange
The Asset Management Exchange (“AMX”) is an institutional asset management marketplace designed to bring greater efficiency to the institutional asset management industry globally and was established by Willis Towers Watson in 2017. AMX is a global marketplace where asset owners can invest in external asset managers and where asset managers can access significant capital, while cutting value leakage. The exchange is open architecture, meaning that it is available to all asset owners and asset managers, regardless of other relationships with Willis Towers Watson. AMX provides centralised back office and standardised fund infrastructure reducing cost and resource duplication, delivering scale benefits to both sides of the market while increasing transparency and asset owner control.
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