Tony Nejasmic
Tony Nejasmic, Director of Business Development for Calastone Australia and New Zealand has announced that New Zealand investment platform Aegis has joined global transaction network.
This completes a major step in building their Australasian business and streamlining order processing between platforms and managed funds across the region.
Like Calastone has done in 29 other markets around the globe, they’ve expanded the network at the request of their existing clients who’ve expressed the need for more efficient transaction processing.
New Zealand is similar to Australia where manual processing has persisted in back offices that are responsible for managed fund orders worth tens of millions of dollars on behalf of thousands of investors.
New Zealand has demonstrated rapid adoption of automation to increase efficiency and improve risk management as orders continue to grow in number and size.
Since going live in New Zealand in May this year, calstone has brought on the two leading platforms, Aegis and FNZ; custodian Public Trust, as well as leading administrator MMC which represents many New Zealand’s fund managers including Devon Funds Management, Craigs Investment Partners, Mint Asset Management and Pathfinder Asset Management.
The adoption of Calastone’s Order Routing solution in New Zealand now opens up the focus and conversations to how participants can utilise additional Calastone solutions to overcome other pain points in that market, such as reporting.
Calastone’s Reporting solution, for instance, automates the sending and receiving of reconciliation and distribution statements, saving back offices substantial time and stress, particularly around tax reporting season.
Calastone purposefully built the Calastone Reporting solution to fit with local market specifications such as tax reporting specifications.
