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.”
