SWFAL wins GBP1bn ACD mandate

Smith & Williamson Fund Administration Limited (SWFAL), part of the UK-based Tilney Smith & Williamson, has been appointed as Authorised Corporate Director (ACD) for seven Brooks Macdonald funds. SWFAL is already ACD for 11 funds run by Cornelian Asset Managers, which was acquired by the Brooks Macdonald Group in 2019. The deal will see the existing Cornelian book retained whilst adding GBP1bn (USD1.3bn) of AuA for SWFAL under the Brooks Macdonald name. SWFAL supports 12 fund sponsors, as well as around 40 investment managers, and provides services for more than 140 funds.

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