UK-based asset management firm Liontrust has made a significant move in the financial industry. The specialist active asset manager has expanded its relationship with the global financial services company, The Bank of New York Mellon Corporation (BNY). The details of the expansion involve a strategic outsourcing that will significantly change the way Liontrust operates its trading mechanisms.
Previously, Liontrust managed its trading operations for investment funds and institutional accounts in-house. The decision to outsource these operations to BNY is a testament to the robust services that BNY offers. Furthermore, this move also shows Liontrust’s confidence in BNY’s ability to efficiently handle their trading operations.
Outsourcing Trading Operations to BNY
The outsourcing will be managed by BNY’s Buy-Side Trading Solutions group. This move is a clear indication of the growing trend of asset managers outsourcing their trading operations. Moreover, such a step is known to help asset management firms like Liontrust streamline their operations. Additionally, it allows them to focus more on core competencies, such as portfolio management and client relationship management.
Notably, this is not the first time Liontrust and BNY have collaborated. Their business relationship has been ongoing, and this latest move is simply an expansion of their existing partnership. The decision to entrust BNY with their trading operations shows Liontrust’s trust in BNY’s capabilities.
Indeed, the outsourcing of trading operations is becoming increasingly common in the asset management industry. The benefits are many, including reduced operational costs and improved efficiency. For Liontrust, this move also marks a significant step in their business strategy. It’s a testament to their commitment to improving their services and offering the best possible solutions to their clients.
As we move forward, it will be interesting to see how this decision impacts Liontrust’s operations and overall performance. It’s a bold move that could potentially set a precedent for other asset management firms to follow. After all, in this fast-paced and ever-evolving financial industry, staying ahead of the curve is key to success.
