DomaCom partners with major bank
Investment platform operator, DomaCom has announced its partnership with one of Australia’s big four banks to launch a six-month pilot for fractional property investment.
The decision followed an earlier three month review process, it said.
Under the terms of the agreement, the bank would use DomaCom’s fractional investing model and, if successful, it could lead to a commercial deployment within the bank.
DomaCom’s chief executive, Arthur Naoumidis, said: “DomaCom has always been an intermediated business and has been seeking a large B2C partner for some time we are looking forward to progressing this pilot with the bank.”
AUTHOR
Oksana Patron
Recommended for you
Australian fund managers are actively seeking to launch Cayman versions of their funds to attract offshore flows, with Regal Partners set to launch its latest offering this month.
As private markets gain traction in Australia but only a limited pool of talent is available, three recruiters explore whether fund managers should consider looking overseas to find top talent.
With an explosion of private credit managers appearing in the market, two alternatives experts believe a consolidation is needed to maintain the quality of the sector.
Bentham Asset Management has become the latest fund manager to expand its distribution team as it reports increased interest in its credit strategies.
