Waystone, an institutional provider of services to the asset management industry, has been chosen as Platform Operator for the Lloyd’s investment platform.
The new platform will consist of a series of select funds across asset classes, made available to Lloyd’s market investors who can freely invest in and allocate between them.
Key reasons cited by Lloyd’s in selecting Waystone were its ability to service the full spectrum of investment vehicles across key domiciles together and its technology infrastructure.
As Platform Operator, Waystone will establish and maintain the operation of investment vehicles and structures, oversee regulated funds in accordance with AIFMD, UCITS and local regulatory rules, and provide consolidated reporting services for platform vehicles.
The Lloyd’s investment platform structure consists of Schroders Solutions as the Investment Advisor and Waystone in its capacity as Platform Operator.
“The Lloyd’s investment platform is being established to enable the many different providers of capital within the Lloyd’s insurance market to co-invest in funds tailored to their requirements,” said Lloyd’s Chief Investment Officer, Eleanor Bucks.
“We are delighted to partner with Waystone to support the delivery of fund vehicle solutions to meet the needs of our broad investor base, which is a key milestone for Lloyd’s. I very much look forward to working with them in this next stage as we launch the initial funds on the platform.”
Waystone Deputy Chief Executive Officer, Jason Poonoosamy also commente: “This appointment is a significant milestone for Waystone and we are delighted to be able to bring our expertise to service Lloyd’s members and managing agents. Those joining the platform will benefit from Waystone’s depth of experience, as well as our proprietary and leading technology that is unique in the market today.”
