Global investment manager AllianceBernstein has appointed Equity Trustees Fund Services as the Authorised Corporate Director (ACD) for the firm’s newly launched UK OEIC.
Equity Trustees Fund Services, is the UK Independent ACD business of Equity Trustees, a 130-year-old, ASX listed, trustee company and one of Australia’s most prominent providers of independent funds governance services to domestic and international fund managers.
James Gardner, Co-CEO Equity Trustees Fund Services (UK & Europe) said: “We are pleased to have been selected to undertake the ACD role for this exciting new proposition and congratulate AllianceBernstein on its launch. Being selected by one of the world’s largest Asset Managers is further proof that the Independent Model is seen as the way forward for Investment Managers looking to deliver value and provide a robust governance structure for their investors.
“Our UK ACD, UCITS Management Company and AIFM services continue to attract attention from Investment Managers looking for an experienced and knowledgeable partner with real operational and financial substance.”
Jamie Hammond, CEO of AllianceBernstein, EMEA, said: “We see opportunity for bringing our differentiated products to the UK market through the OEIC umbrella. During our tendering process in finding a UK ACD, we were impressed with the breadth of knowledge and experience shown by the team at Equity Trustees and look forward to growing our UK footprint alongside them.
“Together we have launched the ES AllianceBernstein Europe (ex UK) equity OEIC, which approaches investing as business owners developing a differentiated perspective on companies, and we aim to add further OEIC products soon.”