BBL logs on to Asia
Software developed by Australian-based funds management group BBL Funds Manage-ment is making inroads into the Asian markets with deals signed in Singapore and India.
Software developed by Australian-based funds management group BBL Funds Manage-ment is making inroads into the Asian markets with deals signed in Singapore and India.
BBL has just completed installing its unit registry system for a joint venture project in Singapore between its parent company ING and Singapore-based bank OUB Group. The new joint venture project hopes to capture 10 per cent of Singapore relatively small unit trust business which presently has about $5.3 billion un-der management.
BBL's software is also about to be unleashed on India with the group's first contract for a funds management group in Bombay.
BBL managing director Norm Sinclair says he hopes to licence the system through-out Australia and the Asian region.
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