Software developed by Australian-based funds management group BBL Funds Management is making inroads into the Asian markets with deals signed in Singa-pore and India.
Software developed by Australian-based funds management group BBL Funds Management is making inroads into the Asian markets with deals signed in Singa-pore and India.
BBL has just completed installing its unit registry system for a joint venture project in Singapore between its parent company ING and Singapore-based bank OUB Group. The new joint venture project hopes to capture 10 per cent of Singapore relatively small unit trust business which presently has about $5.3 billion under management.
BBL’s software is also about to be unleashed on India with the group’s first con-tract for a funds management group in Bombay.
BBL managing director Norm Sinclair says he hopes to licence the system throughout Australia and the Asian region.
