- United Kingdom
Eversheds Sutherland has advised Aon on its collaboration with Goldman Sachs to establish a new investment service for captive insurers.
The service combines two complementary components to address client needs. Aon offers individual strategic advice, fund/manager research and execution services through its experienced global team of investment specialists and practitioners. These elements are combined with a specially tailored investment platform provided by Goldman Sachs, using its market-leading Liquidity Solutions Portal, Mosaic.
Together, the new service offers a one-stop shop for captive clients to invest their assets in a range of mutual funds, as an alternative to low interest-bearing cash deposits, and manage these investments with the platform providing trading functionality, access to daily portfolio information and automated reporting.
The Eversheds Sutherland team, led by commercial Partner Craig Rogers, provided advice to Aon on all aspects of the collaboration including the terms of the agreement between Aon and Goldman Sachs, the Ts&Cs governing clients’ access to the investment management portal, branding and intellectual property rights, and associated regulatory advice.
The global law firm’s team comprised: Partners Richard Batchelor, Deborah Hutton (both financial services), and Andrew Terry (commercial), Principal Associates Jamie Dunlop (financial services), and Kirstin Mccracken (commercial), Senior Associates Nal Townley and Rebecca Sherry (both commercial), and Associate Zoe Chui (corporate).
The Aon legal team was led by Associate General Counsel, Christopher Douglass, whilst Goldman Sachs were advised by in-house counsel.
Following an initial launch in Ireland, Aon plans to make the service available in other markets globally.
Craig Rogers commented:
“We’re thrilled to have advised Aon on this exciting collaboration with Goldman Sachs. It’s a great example of how financial institutions can work together to design and deliver compelling and transformative solutions for their global clients.”
Christopher Douglas, Aon, commented:
“The Eversheds Sutherland team was a trusted partner as we pursued this key initiative. They provided critical guidance to help structure the service and partnered at every step as we worked to build and launch the service.”
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