Pendal Group has entered into a five plus five-year agreement with Mainstream Group’s Australian business to provide outsourced registry services for Pendal’s $19 billion assets under management.
An announcement to the Australian Securities Exchange (ASX) said the arrangement would provide Pendal with Mainstream’s deployment of automated workflow for email and paper transactions, online transacting, XPLAN reporting, banking automation, and a newly-created quoted funds functionality.
Pendal Australia’s chief operating officer, Justin Howell, said: “We are focused on minimising risk while improving out operational efficiency and enhancing out investor’s experience. We look forward to working with Mainstream to achieve this”.
The transition project commenced this month and the transition of Pendal’s register of unitholders from its existing services providers was expected to be completed by March, 2021.
The Association of Superannuation Funds of Australia has appointed a new director representing industry funds, among a number of other appointments in recent months.
The Association of Superannuation Funds of Australia has tapped an experienced public policy executive as head of policy and advocacy.
The firm has welcomed an experienced financial services executive, who helped establish Vanguard's superannuation business, as its new chief financial officer.
The $8.9 billion fund has tapped a fintech company headquartered in Rotterdam as investment performance consultant.
Add new comment