Calastone will automate the flows from participating platforms and custodians into RARE’s global listed infrastructure fund range.
Head of distribution at RARE, Matt Dell, said he looked forward to the improved service it will bring to both existing and future RARE customers.
He added: “This is a sensible business decision. By partnering with Calastone out clients will benefit by improving efficiency, saving time and making it easier to do business.”
Calastone’s managing director for Australia, Shannon Bernasconi, said: “These benefits are real and make themselves felt at all levels. We passed the tipping point of automation of the Australian fund management industry some time and ago and are enjoying consistent momentum.”
“As we add new products, like distribution income and tax statements, we look forward to further boosting efficiency and transparency for the industry and its investors.”