Following OneVue’s acquisition of KPMG’s Superannuation Service business, the fintech company has announced the sale of its self-managed superannuation fund (SMSF) administration business to SuperConcepts.
The transaction has followed the sale of operations such as OneVue’s RE to Equity Trustees in a bid to focus on core business activities.
Chief executive of OneVue, Connie Mckeage, said the SMSF administration business had not received the management attention required to grow the business further.
“As the market leader in SMSF administration, SuperConcepts will bring the focus and additional business services this business needs to really move forward so we are excited for the both the SMSF team and for the clients of which I am one,” said Mckeage.
“SuperConcpets now has a comprehensive suite of product service solutions for SMSF trustees, accountants and advisers,” she said.
Stockspot is aiming to launch the Australia-first vehicle in the coming months.
Natalie Kelly has been appointed permanently to the role following an extensive selection process.
Wayne Byres is the newest addition to the market operator’s leadership team as part of its ongoing board renewal initiative.
The $7 billion fund has hired a new chief executive to succeed Lachlan Baird, who departed the fund in December last year after 18 years.
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