Schroders Solutions, a new business unveiled by the UK-listed wealth manager last month, has partnered with Lloyd’s of London to offer investors access to a range of funds and asset classes in the world’s largest insurance market.
An investment platform launched by Lloyd’s will offer investors in its market a broader range of investment opportunities, including funds offering exposure to real estate, infrastructure bonds, private equity and private debt.
Schroders said environmental, social and governance investment criteria will be a “key building block for the platform funds”.
Outside managers are selected for each of the funds and are advised by Schroders Solutions who tailor offers to investors.
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The solutions business, formed following Schroders’ acquisition of River & Mercantile’s UK Solutions arm, manages £150bn of assets for insurance companies worldwide.
Burkhard Keese, Chief Financial Officer and Chief Operating Officer at Lloyd’s, said: “We at Lloyd’s are focused on profitable and sustainable growth – that’s why we have created this new platform to facilitate investor access and co-investment in the Lloyd’s market .
“Those who join the platform will benefit from greater scale and investment expertise and will be able to prioritize green and socially responsible investments in our market.”
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Schroders Chief Executive Peter Harrison said the platform was a “landmark appointment for Schroders” which has created a “unique and innovative relationship”.
The merger with Lloyd’s comes just five months after Schroders announced it would acquire River & Mercantile’s UK solutions business for around £230m.
Following the transaction, River & Mercantile chief executive James Barham joined the £732 billion wealth manager to lead the solutions business.
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