This year’s top 10 stories included a peek into AustralianSuper’s international equities build out in London, AMP’s move to slash employee benefits, and plenty of hard-hitting analysis of the issues that matter in institutional investment. But the real story is how readers helped shape all of that coverage.
Orbis’ Stuart Place is riding from Melbourne to the Moon and Back to fund a treatment for the “monster of a disease” that his youngest son was born with. The investment industry is rallying behind him.
OneVue prepares to double in size with Computershare deal
(Pictured: Connie Mckeage)
OneVue will become the largest independent provider of unit registry services in Australia following completion of the agreed purchase of Computershare’s fund registry business. Sydney-based OneVue is in the process of securing premises in Melbourne for the 50-or-so staff to come across from Computershare.
OneVue is also moving a business development manager to Melbourne permanently and sending several senior staff to Melbourne for six-nine months for the transition.
Connie Mckeage, OneVue chief executive, said the deal would give OneVue the scale to be taken seriously in the changing landscape of fund administration, where technological developments are improving efficiency throughout the industry. The next big change will be the introduction of ASX administration of managed fund applications and redemptions – AQUA II – which is set to start next year (see separate report this edition).
Mckeage is an enthusiastic supporter of the AQUA II project and other advances in efficiency which should help her clients. Her new clients from Computershare include BNP Paribas and Centuria Capital directly and, indirectly, Tyndall and Northern Trust.
“We’re always looking at new ways to do things,” she says. “Our focus over the next six-12 months will be to link ourselves to the ASX and help re-introduce some innovative fund managers to the market… We are getting the opportunity for the first time to have a genuinely free market.” OneVue is one of the 65 original industry partners to the introduction of AQUA II.
OneVue is 80 per cent owned by directors and staff and 20 per cent owned by other individuals in the financial services industry. Its offering includes online investment management and administration solutions for the financial advice, SMAs, self-directed and registry sectors.
“We can put different packages together for the big players in the industry,” Mckeage says.” We have to move away from an industry sector which is commoditized and show our value add.”
