BBL rolls out software in Asia
Software developed by Australian-based funds management group BBL Funds Management is making inroads into the Asian markets with deals signed in Singa-pore and India.
Software developed by Australian-based funds management group BBL Funds Management is making inroads into the Asian markets with deals signed in Singa-pore 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 under management.
BBL’s software is also about to be unleashed on India with the group’s first con-tract for a funds management group in Bombay.
BBL managing director Norm Sinclair says he hopes to licence the system throughout Australia and the Asian region.
Recommended for you
The FSCP has announced its latest verdict, suspending an adviser’s registration for failing to comply with his obligations when providing advice to three clients.
Having sold Madison to Infocus earlier this year, Clime has now set up a new financial advice licensee with eight advisers.
With licensees such as Insignia looking to AI for advice efficiencies, they are being urged to write clear AI policies as soon as possible to prevent a “Wild West” of providers being used by their practices.
Iress has revealed the number of clients per adviser that top advice firms serve, as well as how many client meetings they conduct each week.
