HSBC has gone live as the new custodian, depositary and fund administrator for Royal London Asset Management‘s two Ireland-domiciled fund umbrella structures, with combined assets of approximately GBP21bn (USD28bn). RLAM is a wholly-owned investment subsidiary of Royal London, the UK’s largest mutual life and pensions company. HSBC has provided RLAM with global custody and middle-office services in the UK since 2006.
