Powered by MOMENTUM MEDIA
moneymanagement logo
 
 

Australian Unity Investments chooses custodian

australian-unity-investments/australian-unity/

21 October 2014
| By Malavika |
image
image image
expand image

Australian Unity Investments has appointed BNP Paribas Securities Services as its custodian and administrator.

The funds management arm of Australian Unity, which has over $7.36 billion in funds under management as of 30 June, said it chose BNP Paribas after an extensive market search.

“We determined that BNP Paribas had the strongest full service proposition in core custody together with middle and back office services for our asset management business and joint venture partners,” CEO of Australian Unity Investments David Bryant said.

He added the firm was attracted to BNP Paribas’ ongoing investments in technology and its support for Australian Unity Investments’ expansion plans.

BNP Paribas said it will partner with Australian Unity Investments to boost their operational processes, reduce risk and lift their performance where possible.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...

2 weeks 3 days ago

It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...

3 weeks 3 days ago

So we are now underwriting criminal scams?...

6 months 4 weeks ago

After last month’s surprise hold, the Reserve Bank of Australia has announced its latest interest rate decision....

2 weeks 5 days ago

WT Financial’s Keith Cullen is eager for its Hubco initiative to see advice firms under its licence trade at multiples which are catching up to those UK and US financial ...

3 weeks 2 days ago

While the profession continues to see consolidation at the top, Adviser Ratings has compared the business models of Insignia and Entireti and how they are shaping the pro...

4 days 5 hours ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
74.26 3 y p.a(%)
3