Asset Management

Liontrust moves staff to BNY in outsourced trading deal

UK asset manager eyes ‘operational efficiency’ after outflows

BNY deal will bolster the City stalwart’s ability to trade outside of UK hours, firms say
BNY deal will bolster the City stalwart’s ability to trade outside of UK hours, firms say Photo: Jeenah Moon/Getty Images

Liontrust is transferring some UK staff to BNY in an outsourced trading deal as the asset manager tries to keep a lid on costs.

The British firm has expanded its “strategic relationship” with the US bank by outsourcing trading for investment funds and institutional accounts, according to a joint statement shared with Financial News.

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