BNP Paribas appoints OneVue as unit registry provider
BNP Paribas Securities Services (BNP Paribas) has appointed OneVue Fund Services as its unit registry provider for the next five years.
Major custodian BNP Paribas' unit registry clients are expected to be moved across in a number of tranches over an 18 month period.
The agreement aims to create further economies of scale by leveraging the automation and infrastructure within OneVue's offering.
"The additional scale in unit registry will also give investment managers and industry funds access to OneVue's leading direct to consumer and SMSF [self-managed super fund] solutions," OneVue chief executive, Connie Mckeage, said.
Mckeage said since its listing in June 2014 the superannuation and investment management solution provider has been expanding its capabilities in unit registry leading to the business growing in a controlled and planned manner for both new fund managers and custodian clients.
Recommended for you
AMP is to launch a digital advice service to provide retirement advice to members of its AMP Super Fund, in partnership with Bravura Solutions.
Unveiling its performance for the calendar year 2024, AMP has noted a “careful” investment in bitcoin futures proved beneficial for its superannuation members.
SuperRatings has shared the median estimated return for balanced superannuation funds for the calendar year 2024, finding the year achieved “strong and consistent positive” returns.
The second tranche of DBFO reforms has received strong support from superannuation funds and insurers, with a new class of advisers aimed to support Australians with their retirement planning.
