OneVue Holdings Limited (ASX:OVH) announced that Australian Unity Wealth & Capital Markets (AUWCM) signed a five-year outsourced managed fund administration deal with OVH, subjected to meeting the criteria of APRA’s review during the required notification period.
With the finalisation of the deal, AUWCM will be OVH’s largest single managed fund administration client. Also, after the transitioning all of its funds, OVH would notice 25% increase in the total number of items processed across the business.
The transition would happen in product tranches and would commence in the last quarter of 2020 and is project to finish in 2021.
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