HSBC wins GBP50bn Aviva RE mandate

HSBC and Mount Street Group have entered into a 10-year strategic agreement with Aviva Investors for asset servicing arrangements for its real assets business, covering GBP50bn (USD60bn) AuM. The mandate will see HSBC and Mount Street assume all fund administration and debt servicing functions on behalf of Aviva Investors’ real assets strategies. The mandate follows a competitive process through which HSBC and Mount Street were selected due to the depth of their offering, their direct expertise in real assets credit and equity markets, as well as the end-to-end service solution that they can provide.

Melanie Collett, managing director, asset management, real assets at Aviva Investors, said: “We are very pleased to be entering into this new partnership. Having a market-leading proposition is key to delivering our significant growth trajectory for our Real Assets business. By investing in our technology, data and operating model, embedding our key operational requirements with expert service, we can ensure our investment expertise focuses on value-add and performance. This will position our real assets business to offer a simple, scalable and efficient model and provide an exceptional service to our clients.”

Mount Street is a third-party loan servicing and credit asset management firm with c. EUR125bn (USD125bn) AuM. Mount Street provides a full suite of services and products across the credit, real estate backed, asset backed and structured finance markets in EMEA, the U.S. and Australia.

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