Snowball strikes deal with UXC
SnowballGroup, through its superannuation services subsidiary CIS Financial Services, has been appointed by listed technical services company UXC to run the superannuation and financial planning arrangements of its 900 employees.
Asgardhas also been appointed as the administration platform to the information technology and data management company for utilities.
“We are looking forward to working with a company that shows such strong potential, coupled with a clear understanding of the importance of looking after its staff who provide the impetus to drive the company’s success,” Snowball managing director Tony McDonald says.
UXC was formed in September 2002 by the merger of Utility Services Corporation and DVT Holdings (formerly Davnet) and has a market capitalisation of $90 million.
Snowball provides financial planning services to other large corporations, including Vodafone, Fuji-Xerox, Charles Parsons and P&O.
Snowball has also recently signed a strategic alliance with mortgage broking firm, Advance Loan Direct, to provide clients with preferential access to the provision of mortgages.
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