NAB Asset Servicing deal catapults OneVue forward

From
Connie Mckeage

Connie Mckeage

OneVue has announced that it has been appointed by National Australia Bank (NAB) Asset Servicing to provide unit registry services to NAB’s clients.

NAB Asset Servicing is one of the largest custodians in Australia, supporting a significant pool of investment managers.

OneVue’s Group Managing Director, Connie Mckeage, said “This represents a step change in OneVue’s growth trajectory. We are delighted to be selected to play such an important role. Our appointment is the culmination of an 18-month selection process which has enabled the OneVue team to gain a detailed understanding of NAB’s Asset Servicing clients and their requirements. It has also enabled us to better prepare for growth. Importantly for all our clients it creates further momentum and choice of product within the FUND.eXchange marketplace.”

“NAB is committed to providing clients with seamless access to ‘best of breed’ products and capability. OneVue’s retail and wholesale unit registry expertise will enable NAB Asset Servicing to deliver leading solutions to our clients,” says John Comito, Executive General Manager of NAB Asset Servicing.

OneVue’s appointment will take effect immediately and will be followed by a series of transitions. In the meantime, NAB Asset Servicing will continue to support its clients using its existing unit registry platform.

Post transition, the NAB Asset Servicing unit registry outsourcing deal will make a material contribution to OneVue Fund Services revenues.

OneVue has now secured long term contracts with 4 of the 6 leading custodians in Australia and its high probability organic pipeline is in excess of $5m annualised revenue.

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