AllianceBernstein chooses Evelyn Partners as ACD for UK OEIC range

Evelyn Partners Fund Solutions (EPFL) has been appointed as authorised corporate director (ACD) for the OEIC fund range of AllianceBernstein, the global asset manager with $777bn assets under management as of July 31, 2024.

AllianceBernstein selected EPFL for their range of six UK OEIC funds, launched in 2019 and now managing assets in excess of $1bn.

EPFL currently supports over 150 funds with funds under governance of c£10bn.

Nick Burgess, head of EMEA product strategy & development, at AllianceBernstein said: “We were impressed with how well Evelyn Partners understood our business, client needs, and our long-term UK goals, while also outlining their strong governance credentials. EPFL were proactive in their preparations to ensure a smooth transition. We are looking forward to building a strong longstanding relationship with them.”

Neil Coxhead, CEO of Evelyn Partners Fund Solutions said: “AllianceBernstein is a leading global asset management firm and we are delighted that they have chosen EPFL to act as the new ACD for their full OEIC fund range. Their market review was a rigorous process and we are excited to work with them.

“This appointment further demonstrates our strong service credentials within the independent ACD sector and adds to a growing number of fund sponsors who value our fund governance capabilities.”