OneVue will acquire the unit registry arm of investor services provider Computershare in a move to bolster its position as a provider of outsourced unit registry solutions.
The acquisition of Computershare Fund Services will take place over the next few months as Computershare’s staff and operations are relocated to OneVue’s Melbourne office.
OneVue group chief executive Connie Mckeage said efforts would be made to ensure the continuity of services currently provided to Computershare’s clients.
“(Computershare) has built a quality client base and the team at OneVue is very much looking forward to further cementing these relationships as we move forward,” Mckeage said.
She added that the acquisition should help strengthen Australia’s under-invested outsourced unit registry administration sector.
“On top of that, connecting to the ASX Managed Funds Service, commonly referred to as AQUA II, will change the landscape of the sector as investors will be able to transact managed funds on the Australian Securities Exchange for the first time,” she said.