AllianceBernstein selects Evelyn Partners Fund Solutions as ACD for UK OEIC range

Following a robust and competitive market review, AllianceBernstein selected EPFL to perform the role as ACD for their range of six UK OEIC funds. The funds were launched in 2019 and now manage assets in excess of $1bn.

EPFL has a long-standing history of providing ACD services and has grown to become one of the leading and most experienced ACD providers to UK domiciled funds. The business currently supports over 150 funds with Funds Under Governance of c£10 billion.

Nick Burgess, Head of EMEA Product Strategy & Development, at AllianceBernstein commented: “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 Limited commented: “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.”