CON-2526-002 Fund Admin Transition and Transformation Programme

Concepts

• transitioning assets
• transformation programme
• a brand new fund accountant
• transformation
• transition
• transitioning
• admin
• deep experience
• administrator
• nest needs

Location

Description

We will be transitioning over £50bn of assets from one custodian to another and working with a brand new fund accountant and administrator. This contract will provide expert support and experience based on deep experience of transitioning assets, and a deep understanding of Nest needs, and the new provider’s capabilities.

Award Detail

CPV Codes

• None found

Legal Justification

Alpha FMC have been integral in the design of the procurement exercise for the Fund Administrator, mapping out our target operating model for the transition to the new supplier and have developed close working relationships across Nest, NT, and State Street, and have managed and developed the transition program to the new supplier planned for November of this year. We are at a critical juncture in the program, with transition of over £50billion of assets from one supplier to another taking place in 6 months. It would be extremely risky and impractical to procure a new supplier in the time left in the program, and would put at serious risk the transition timetable.

Other Information

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