RBC Investor Services has been mandated by Australian fund management company, Airlie Funds Management, to provide custody, unit registry and fund administration.
Airlie Funds Management is headed by former head of equities at Perpetual, John Sevior and former Treasury Group managing director, David Cooper.
“We have chosen RBC Investor Services because we have a strong working knowledge of their processes and a good relationship with the key executives. It was our intention from day one to ensure the Custody, Unit Registry and Fund Administration was industry best practice,” said David Cooper, managing director of Airlie Funds Management.
“We want to hit the ground running with the launch of our new fund and with the service and support RBCIS provides, we can focus on providing solid returns for our clients.”
“We were able to provide a complete end-to-end solution flexible for Airlie’s immediate needs and we look forward to working with them as their funds gains traction in the Australian marketplace,” said David Travers, managing director, Australia for RBC Investor Services.
Earlier in October AustralianSuper announced it was on the cusp of becoming a client of Airlie, but did not reveal how much money it will invest. The nation’s largest superannuation fund manages $46 billion in retirement savings and has $1.6 billion invested with Sevior’s former employer, Perpetual.
AustralianSuper’s chief investment officer, Mark Delaney, said of the deal: “We’ve invested with John Sevior before and he has a strong track record of adding value for our members.”
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