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Aon Hewitt in talks with Link
Aon Hewitt in New Zealand has commenced discussions with Link Market Services (Link) in relation to its scheme administration services to help streamline operations and portfolio diversity.
Aon Hewitt New Zealand's general manager, Janet Hayden, said it had been reviewing options for its administration business and was aware Link was preparing to enter the market.
"We feel that given Link's track record in securities administration, they are the ideal partner for our administration business. They would be committed to ensuring a smooth transfer, minimising the impact on our clients and employees," Hayden said.
Commenting on the talks, Link in New Zealand chief executive, Marcelle Ashcroft, said its commitment to services, accuracy, and ongoing technology investment would help support Aon.
"We pride ourselves on our registry business and are focused on making a positive contribution and difference in the fund administration space — as we have done in the securities registry market over the last 10 years," Ashcroft said.
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I worked with the Link Group for almost three years post-GSC when there was just nobody else in the industry hiring and, frankly, in light of Janet Hayden's comments they've either changed a LOT since I last had the experience of dealing with them, or she's been badly mis-led.