Ausbil wins second mandate in weeks
Ausbil Dexia has been awarded another mandate on top of the one it won from AM Corporation less than two weeks ago.
Ausbil Dexia has been awarded another mandate on top of the one it won from AM Corporation less than two weeks ago.
The group has just been awarded a mandate for a new JB Were product and will be one of the Australian equities managers for JB Were’s Private Client Australian equities product.
AM Corporation also increased Ausbil Dexia’s portion of its Australian equities funds, adding an extra $20 million to the $40 million already with AM Corporation.
Ausbil Dexia associate director of marketing Martin Franc says the new JB Were product is a domestic share trust and will be offered through the JB Were advisory network.
Franc says the product is a “mezzanine product, not pure institutional offered only to corporate and not pure retail”.
He says Ausbil Dexia will be one of three groups managing money within the trust. The groups are currently in the process of exchanging contracts.
AUTHOR
Nicole Szollos
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