Connie McKeage
OneVue has confirmed that it will acquire ASX-listed firm Computershare’s unit registry arm, Computershare Fund Services (CFS).
“This acquisition will catapult OneVue into becoming the largest provider of outsourced unit registry solutions in Australia,” OneVue group chief executive Connie Mckeage said.
“OneVue is in the process of lifting out CFS staff and operations, and relocating them to OneVue’s new office in Melbourne which is in close proximity to where CFS premises are situated at the moment.
“The lift out of staff, systems and related collateral from CFS will secure continuity of services currently provided to CFS clients, which include BNP Paribas and Centuria Capital.”
Mckeage said she expected the transition to take place over the next few months and that every effort would be made to ensure that it will be business as usual during this period.
“CFS has built a quality client base and the team at OneVue is very much looking forward to further cementing these relationships as we move forward,” she said.
Centuria group chief executive John McBain said: “Centuria Life congratulates OneVue on acquiring the business unit.
“OneVue is a professional organisation and we are looking forward to our association.”
Mckeage added that the move should help bolster Australia’s under-invested outsourced unit registry administration sector.
“On top of that, connecting to the ASX Managed Funds Service, commonly referred to as AQUA II, will change the landscape of the sector as investors will be able to transact managed funds on the Australian Stock Exchange for the first time,” Mckeage said.
OneVue, which is a privately owned business with its head office based in Sydney, specialises in online investment management and administration solutions for the financial advice, self managed super fund, self-directed and unit registry sectors.
OneVue is 80 per cent owned by staff and directors, and 20 per cent owned by recognised and experienced financial services executives.
