One Investment Group and Yorkway Partners form an alliance
An independent investment firm, Yorkway Partners has bought a 25 per cent stake in a corporate fiduciary services provider, One Investment Group, as the two companies form a strategic alliance.
Yorkway founder, and former chief executive at AMP, Paul Batchelor was also set to join the One Investment Group board as Chairman.
Batchelor said his firm was attracted to the quality of One Investment Group's platforms and management that had rapidly developed in the responsible entity and trustee service market.
"One investment Group is now the third largest provider of outsourced corporate fiduciary services in Australia," he said.
One Investment Group co-founder and executive director, Justin Epstein, said the group would greatly benefit from Yorkway's expertise in financial services and track record in providing strategic capital to businesses.
Yorkway would help the One Investment Group accelerate its strategic growth plans, Epstein said.
One Investment Group managed more than 200 funds across infrastructure, real estate, equities, credit and funds of funds and had $10 billion under management across the world, he said.
Recommended for you
There is one specific risk that is a significantly higher concern for financial services directors compared to companies overall and is impacting their risk appetite, according to the AICD.
Global fund managers are shunning bonds, with the asset class seeing the largest drop in allocations in more than 20 years.
Australian Ethical has seen its funds under management reach $10 billion, driven by organic customer growth and superannuation contributions.
Financial advisers will have access to private equity investments run by WTW for the first time as it launches a pooled fund to provide savers with access to traditionally institutional assets.