POWERED BY MOMENTUM MEDIA
Pendal awards unit registry contract to Mainstream
Pendal Group has entered into a five plus five-year agreement with Mainstream Group’s Australian business to provide outsourced registry services for Pendal’s $19 billion assets under management.
An announcement to the Australian Securities Exchange (ASX) said the arrangement would provide Pendal with Mainstream’s deployment of automated workflow for email and paper transactions, online transacting, XPLAN reporting, banking automation, and a newly-created quoted funds functionality.
Pendal Australia’s chief operating officer, Justin Howell, said: “We are focused on minimising risk while improving out operational efficiency and enhancing out investor’s experience. We look forward to working with Mainstream to achieve this”.
The transition project commenced this month and the transition of Pendal’s register of unitholders from its existing services providers was expected to be completed by March, 2021.
Recommended for you
Australian Ethical has named its new head of equities, who previously spent 12 years at Perpetual.
The country’s sovereign wealth fund has unveiled a flurry of changes to its leadership team, including the appointment of a key executive role.
With Damian Graham stepping into a new capacity within the $190 billion super fund ahead of his retirement, a global search is set to commence for his replacement.
Cbus has swiftly promoted Leigh Gavin to chief investment officer only months after naming him deputy, as the fund works towards growing in size and bringing its investment expertise in-house.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
92.15 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
53.24 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
43.15 3 y p.a(%)
4
DomaCom Shoreline North Coogee
36.26 3 y p.a(%)
5
GAM LSA Private Shares AU I
35.87 3 y p.a(%)
