Liontrust Asset Management’s trading for investment funds and institutional accounts has been officially outsourced to BNY.
John Ions
Liontrust announced that it was exploring outsourcing parts of its trading to BNY back in January, with initial plans at the time stated to be covering non-UK activity.
Read more: Liontrust exploring outsourced trading arrangement with BNY
The latest news confirms that the outsourced trading arrangement will see its UK-based traders join BNY’s buy-side trading solutions team.
Currently, almost half of Liontrust’s investments and trading are now outside of the UK.
John Ions, chief executive of Liontrust, said: “Trading for asset managers has changed significantly over the past few years with the increasing use of automation and technological developments.
“While this presents opportunities for greater efficiency and returns, it also requires careful management of the associated risks and a significant investment in technology to compete. Our collaboration with BNY will enable Liontrust to achieve this.”
Notably, Liontrust has highlighted that one of the advantages of the move to outsource to BNY is the opportunity to extend its capabilities beyond UK trading hours, among other benefits.
Read more: Industry stalwart Matt McLoughlin and Liontrust part ways
Speaking about the latest news, Adam Vos, global head of markets at BNY, enthused: “This builds on the long-standing relationship between both firms, most recently collaborating to implement Liontrust’s data solution to enhance investment management, client service, and scalability in July last year.
“We look forward to working with Liontrust so its investment teams can continue to access new markets and opportunities and achieve long-term success.”