MainstreamBPO to IPO
Third-party financial services administrator MainstreamBPO has announced that it is looking to list on the Australian Securities Exchange (ASX).
The company announced today that it had appointed Bligh Capital to advise and lead manage the listing with Sekel Oshry as the legal adviser.
The move to a public listing comes after nine years of existence for Mainstream BPO which was established in 2006 by Byram Johnston and Martin Smith utilising DST technology.
Its major step forward came in 2012 when it acquired Perpetual's Australian registry business.
Recommended for you
Platinum Asset Management has put its two closed-end funds under strategic review in a bid to reduce the share price discount to pre-tax NTA and maximise shareholder value.
In the latest Meet the Manager profile, Money Management speaks with Michael Skinner, founder and managing director at Blackwattle Investment Partners.
Perpetual has seen AUM rise 6 per cent in the last quarter but the departure of a longstanding JOHCM fund manager led to outflows of $2.2 billion from his strategy.
Global fixed income fund Bentham Global Opportunities has been added to several major platforms, enabling it to be accessed more easily by financial advisers.