JDV signs up Macquarie, St George
Hartley Poynton’s e-commerce offshoot JDV has signed up St George and Macquarie for margin lending and portfolio management services.
St George will use JDV technology for its margin lending business while Macquarie Financial Services will use JDV's Mapper product for its advisers to consolidate client data.
St George Group Executive Investment Services, Richard Cawsey, says the agreement would enhance the capability of the bank's Investment Services Margin Lending division to offer the service to more St George customers and independent advisers.
According to St George, JDV won the licensing agreement after a six-month search that involved discussions with the major margin lending systems providers in Australia.
JDV's client base currently includes Charles Schwab Australia, Suncorp Metway, AMP, BankWest, BT Portfolio Services, Quicken.com.au and Your Prosperity.
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