The Asset Management Exchange (‘AMX’), an institutional platform for investors and asset managers, has further strengthened its senior team with the announcement of two new hires.
Jonathan Greenwold joins AMX as part of the Executive Committee, with responsibility for legal, risk and compliance. He joins from Aspect Capital, the $7.5bn systematic investment manager, where he served for over ten years, most recently as an executive board director, general counsel and director of the firm’s Irish investment funds. At Aspect, Jonathan worked on areas such as: company strategy, legal, compliance, regulatory change and operational risk. Prior to this, he was employed as a solicitor at Slaughter & May.
Additionally, Patrick Waters joins AMX’s manager development team in the US. Patrick joins from State Street Global Advisors, where he spent over eight years as Vice President and Senior Relationship Manager. At SSGA, Patrick provided services to complex strategic client relationships exceeding $55 billion in assets under management, with multiple profiles and covering a variety of geographies and regulators. Prior to that Patrick was at Blackrock.
“We are delighted to welcome Jonathan and Patrick to the team this week. As we continue to expand our product range and grow our client and manager base, we need the right people to deliver it. With such a breadth of experience, I am confident both Jonathan and Patrick will bring fantastic energy and insight to the business.” Oliver Jaegemann, Global Head of AMX
Launched in February 2017, AMX was designed to fundamentally transform institutional investment for the benefit of the end saver by standardising, centralising and streamlining the process of investing by making implementation and monitoring more efficient. AMX has doubled its in-house team in the last year and, since launch, brought in over $7bn in AuM.
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 prime brokers
- Standardised legal documentation
- Timely and 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.
Sam Horril, Media Relations, Willis Towers Watson: email or +44 20 3124 6087