OneVue secures Australian Unity contract
OneVue has entered into a new fund administration agreement with Australian Unity Wealth & Capital Markets, with the group set to become its largest single managed fund client.
OneVue told shareholders it signed the five-year outsourced administration agreement on Monday, with it remaining subject to an APRA review.
The group is transitioning its range of investment and property funds and investment bonds onto OneVue’s managed fund administration services.
After the group moves over all of its funds, OneVue signalled it expects to see a 25 per cent increase in the total number of items process across its business.
The transition will support Australian Unity’s client engagement as well as increase the level of automation and efficiency for its range of investments.
The transfer will occur in product tranches beginning in the last quarter of 2020 and is expected to be complete next year.
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