Waystone appointed as Platform Operator for Lloyd’s Global Investment Platform
Waystone’s ability to service the full spectrum of investment vehicles across key domiciles together with its market-leading technology infrastructure was a key factor in its appointment. As Platform Operator, Waystone will structure investment solutions for the insurance industry which will include:
- establishing and maintaining the ongoing operation of investment vehicles and structures
- oversight of regulated funds in accordance with AIFMD, UCITS and local regulatory rules
- provision of 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, allowing the funds on the platform to benefit from best in-class, nonconflicting, and transparent governance and oversight.
Lloyd’s Chief Investment Officer, Eleanor Bucks comments, “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. 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 comments, “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.”
Waystone is the leading provider of institutional governance, risk and compliance services to the asset management industry.
Partnering institutional investors, investment funds and asset managers Waystone builds, supports and protects investment structures and strategies worldwide. With over 20 years’ experience and a comprehensive range of specialist services to its name, Waystone is now supporting asset managers with more than US$1Tn in AUM.
Waystone provides its clients with the guidance and tools to allow them to focus on managing their investment goals with confidence.
Lloyd’s is the world’s leading marketplace for commercial, corporate and specialty risk solutions. Through the collective intelligence and expertise of the market’s underwriters and brokers, we’re sharing risk to create a braver world.
The Lloyd’s market offers the resources, capability, and insight to develop new and innovative products for customers in any industry, on any scale, in more than 200 territories.
We’re made up of more than 50 leading insurance companies, over 200 registered Lloyd’s brokers and a global network of over 4,000 local coverholders. Behind the Lloyd’s market is the Corporation: an independent organisation and regulator working to maintain the market’s successful reputation and operation.
We’re working to build solutions for the most current and prevalent threats. As Chair of the Insurance Task Force for HRH The Prince of Wales’s Sustainable Markets Initiative, Lloyd’s is bringing the industry together to insure the transition to net zero. Our research community is pooling expertise from across the industry to provide cutting edge insight on systemic risks from climate change to cyber security.
And through our digital-led strategy, The Future at Lloyd’s, we’re making it easier and cheaper to place, price and process cover in the Lloyd’s market.