Goldman Sachs JBWere hands funds admin to RBC Dexia
A review of its existing transfer agency and fund administration services arrangements has seen Goldman Sachs JBWere Asset management select RBC Dexia Investor Services to handle its $8 billion portfolio of funds in Australia.
Goldman Sachs JBWere Asset Management managing director Ian Ward-Ambler said the review had been prompted by the company’s strong growth in funds under management and the increased breadth and operational complexity of its product range.
He said the company had considered a number of service options with the objective of broadening functionality, improving time to market and further improving its service offering to clients.
Ward-Ambler said RBC Dexia had been selected on the basis of its strategic and cultural alignment.
Fund administration will be provided through RBC Dexia’s Sydney office while transfer agency services will be provided by a new centre established in Melbourne.
AUTHOR
Mike Taylor
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