Sal and Royal Insurance Group Pension Schemes onboard Brandywine holdings onto AMX

  • Investment brings AMX’s AUM to over $6bn
  • AMX launches first Fixed Income offering
  • Brandywine is the fifth new manager onboarded by AMX in Q3 

AMX, the first open architecture marketplace for the buying and selling of asset management services, has announced that the Sal Pension Scheme and the Royal Insurance Group Pension Scheme (SALPS and RIGPS respectively), both of which are sponsored by RSA Insurance Group (RSA), have onboarded their Brandywine holdings onto the platform.

This $750 million investment brings AMX’s total assets under management (AUM) to over $6bn.

The addition of the Brandywine Global Sovereign Credit Fund also marks AMX’s first fixed income offering.

Commenting on this announcement, Oliver Jaegemann, Global Head of AMX, said:

“We are thrilled that SALPS and RIGPS have signed up to AMX as testament to the efficiencies afforded by our platform. The addition of Brandywine marks our first fixed income offering as well as helping us to break through the $6bn milestone.

“Since launch just 18 months ago, our AUM has grown fivefold and in this quarter alone, five new managers have onboarded onto AMX. We are also pleased to announce that we now have over 40 pension fund clients using our platform. These figures demonstrate the appetite in our industry to embrace new, innovative measures to save on time and costs and we look forward to continuing to grow and develop our offering.”

Nick Deahl, Head of Trustee Investment at RSA added:

“We share AMX’s goal of reducing inefficiencies in the pooled fund industry, along with achieving greater cost transparency and operational simplicity. We are therefore pleased to have entered into a strategic partnership with AMX as it provides the opportunity to achieve these efficiencies as well as support innovation in the marketplace.”

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