- Investment brings AMX’s AUM to over $6bn
- AMX launches first Fixed Income offering
- Brandywine is the fifth new asset manager onboarded by AMX in Q3
AMX, the first open architecture marketplace for the buying and selling of asset management services, has announced that the Sal Pension Scheme and the Royal Insurance Group Pension Scheme (SALPS and RIGPS respectively), both of which are sponsored by RSA Insurance Group (RSA), have onboarded their Brandywine holdings onto the platform.
This $750 million investment brings AMX’s total assets under management (AUM) to over $6bn. The addition of the Brandywine Global Sovereign Credit Fund also marks AMX’s first fixed income offering.
Commenting on this announcement, Oliver Jaegemann, Global Head of AMX, said:
“We are thrilled that SALPS and RIGPS have signed up to AMX as testament to the efficiencies afforded by our platform. The addition of Brandywine marks our first fixed income offering as well as helping us to break through the $6bn milestone.
“Since launch just 18 months ago, our AUM has grown fivefold and in this quarter alone, five new asset managers have onboarded onto AMX. We are also pleased to announce that we now have over 40 pension fund clients using our platform. These figures demonstrate the appetite in our industry to embrace new, innovative measures to save on time and costs and we look forward to continuing to grow and develop our offering.”
Nick Deahl, Head of Trustee Investment at RSA added:
“We share AMX’s goal of reducing inefficiencies in the pooled fund industry, along with achieving greater cost transparency and operational simplicity. We are therefore pleased to have entered into a strategic partnership with AMX as it provides the opportunity to achieve these efficiencies as well as support innovation in the marketplace.”
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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