POWERED BY MOMENTUM MEDIA
State Street and FNZ Australia to share technology platform
State Street and FNZ Australia are now sharing their wealth management technology solutions in a move that will help both parties manage transactions across multiple asset classes.
Commenting on the partnership, Chris Taylor, head of State Street Australia, said: "State Street has long acknowledged the importance of the wealth advice segment in the context of the Australian market, particularly with the rapid growth of the Self-Managed Superannuation Fund (SMSF) sector.
"FNZ has strong capabilities in the platform space and we are delighted to be offering innovative safe-keeping, administration and reporting services to State Street's wealth adviser clients who have increasingly complex global investments."
Marshall Stephen, chief executive officer of FNZ Asia Pacific, added: "The combination of our technology with State Street's strong administration and servicing capabilities is unique in that it will give wealth advisers the opportunity to redesign and improve their product and operating models.
"We are genuinely excited to be working with State Street, not only because of the highly complementary nature of the relationship but also because of the strong cultural alignment between our organisations."
Recommended for you
In this latest edition, Anna Shelley, CIO at AMP, shares the fund’s approach to current market conditions and where it continues to uncover key opportunities.
The mega fund has announced a $2.2 billion investment in a leading data centre platform, bringing its global real assets portfolio to nearly $60 billion.
In this latest edition, Australian Retirement Trust’s head of global real assets Michael Weaver explains the fund’s approach to finding new opportunities as it surpasses $300 billion in funds under management.
Fund managers remain hopeful for a Chinese revival story despite the “disappointing” stimulus package announced this week.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
61.07 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
59.21 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.56 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.06 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
26.81 3 y p.a(%)
