Sydney
21 October 2014
Reporter: Stephanie Palmer
OneVue joins Calastone streamlining system
Australian investment platform and funds service provider OneVue has joined the Calastone transaction network with a view to streamlining its services and improving efficiency, while reducing risk and costs.

The network allows automation of funds transfers in both domestic and cross-border transactions, and is currently used by more than 560 customers throughout 19 domiciles.

The OneVue Group is no stranger to automation. It helped to build the foundation for the Australian Stock Exchange mFund Settlement Service, a method of buying and selling units of managed funds using an electronic settlement system.

But the group can now automate its own transaction, which were once communicated by fax.

COO of OneVue, Lisa McCallum, said: “By using Calastone we can offer a fully integrated service that will boost our fund managers’ wholesale distribution capabilities.”

According to Shannon Bernasconi, Calastone’s managing director for Australia, the whole of the Aussie market is experiencing a change in dynamic.

She said: “The growth of flows has been steady over the past 18 months, with inflows in September reaching 1000 orders per day. We’re delighted to work with OneVue in the unit registry space to open automated channels to a larger sector of the platform and fund manager space.”

More news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
MiFID II unbundling compliance will be last-minute scramble for 85 percent
23 June 2017 | London | Reporter: Stephanie Palmer
Asset managers are cutting it fine in compliance with research unbundling rules under MiFID II, with 85 percent saying they expect to be compliant in Q4 2017 or later, ahead of the January 2018 deadline
ICMA: NSFR will make EU repo less attractive
23 June 2017 | London | Reporter: Drew Nicol
The association also point to increased automation of highly manual and labour-intensive processes of the market as a way to mitigate rising costs and create efficiencies
Caceis welcomes two new clients to TEEPI
23 June 2017 | Luxembourg | Reporter: Stephanie Palmer
Swiss Life Global Solutions, a Luxembourg-based insurance and wealth management provider, and European asset manager Amundi have joined the Caceis Tailored Electronic Exchange Platform for Investors
ECB to launch new faster payments system
22 June 2017 | Frankfurt | Reporter: Stephanie Palmer
The European Central Bank (ECB) is expanding its TARGET 2 instant payments system to facilitate retail payments throughout Europe
Clients demand innovation in custody
22 June 2017 | New York | Reporter: Stephanie Palmer
Custodians must embrace new technologies if they’re to survive in the digital age, according to a survey of sell-side executives by BNP Paribas Securities Services and TABB Group
Citi recruits Matthew Bax
21 June 2017 | London | Reporter: Barney Dixon
Citi has hired Matthew Bax as its Europe, Middle East and Africa (EMEA) head of sales for custody and fund services
Denise Voss re-elected as ALFI chair
21 June 2017 | Luxembourg | Reporter: Stephanie Palmer
The Association of the Luxembourg Funds Industry has re-elected Denise Voss to serve a further two years as chair of the board of directors
More news