Posts tagged as Australia
Big changes coming to managed funds: Calastone Connect Forum
25 Apr 2017
As boundaries that once defined sectors and behaviours continue to fade in the face of disruption, now is the time to rethink value propositions, anticipate policy changes and leverage smart technologies that can be applied on a firm and industry scale. This is what we heard from an expert collective gathered recently in Sydney for the Calastone Connect Forum Briefing. Diving into topics as diverse as trends shaping financial advice, the Australian Taxation Office’s (ATO) data transformation, and non-banking potential of the New Payments Platform, each expert acknowledged the continued shift to put individuals and information at the centre of processes.
Industrialisation of financial services is coming: Calastone Connect Forum
01 Nov 2016
Today’s confluence of technology, regulation and market volatility is supercharging the transformation of Australia’s funds management industry that in five years will look entirely different. That was the consensus of experts gathered at the inaugural Calastone Connect Forum this month, representing a diverse representation of investment management operations, platform administration, banking, venture capital, legal, regulatory and even elite sports to dissect the day’s theme ‘Technology as an Enabler’. Whether it be enabling smoother systems or creating new ones, technology is challenging status quos within financial services and driving cultural acceptance of failure as part of success.
Q&A with Morningstar’s Ramsin Jajoo about hard ‘truths’ for managed funds
30 Jun 2016
It helps to be agnostic in today’s investment management sector, as capital flows more freely and broadly across classes, borders and structures. Sharing our bird’s eye perspective is global investment research group Morningstar, whose Head of Asset Management Solutions Ramsin Jajoo recently addressed our Connect Forum in May, highlighting three “inevitable truths” as shaping flows.
Asia Region Funds Passport – a simple yet significant start
30 Jun 2016
It’s been nearly five years since APEC finance ministers announced their support for the creation of a pilot Asia Region Funds Passport structure, and the forthcoming launch of the Asia Funds Passport should provide a launching pad for Australian fund managers who would like to distribute relatively simple retail products across the region.
Sarah Hayward discusses how Calastone Reporting supports reconciliations and distributions challenges
30 Jun 2016
The end of the financial year is here and with it comes the seasonal challenges for managed fund back offices to reconcile all holdings and prepare annual tax statements. Relieving this administrative burden that intensifies at tax time, Calastone has developed Calastone Reporting, a domestic and cross-border reporting service incorporating 4 statement types: for reconciliation - statements of holdings and statements of transactions; and for distributions -statements of tax and statements of income. Sarah Hayward, Managing Director of Australia and New Zealand, explains the unique features of Calastone Reporting and the relief it brings for all reporting cycles, particularly during the tax season.
Fintech only as powerful as the problem it solves
05 Apr 2016
Fintech is lauded as the great enabler of innovative frontiers, however, the reality for most is that it presents the critical means to remain competitive, agile and sustainable in a high-cost economy. Anticipation around which market segment is next to be disrupted in today’s digital world can often overshadow the achievements and efficiencies already being delivered by smart financial technology.
Asia-Pacific: An Evolving Region
09 Mar 2016
The opportunities for fund managers in Asia-Pacific (APAC) should not be underestimated. The region accounts for one third of the global economy, while its middle class continues to grow. APAC’s burgeoning high net worth population (HWNI) is likely to edge past North America imminently, according to data from the World Wealth Report 2015 published by Capgemini and RBC Wealth Management. Cash-heavy institutional investors including pension plans, insurance companies and corporates are looking to invest their capital in this low interest rate environment, and fund managers could provide an excellent channel for this. But what are the regional drivers and changes that will further abet capital raising opportunities for fund managers in APAC?
Calastone Australia whips up a Superstream
24 Jun 2013
There's been a lot of media interest in Calastone Australia recently. The industry as a whole has been committed to automating both the managed fund and super space. We are at a stage where the accessibility barriers to entry are slowly coming down and funds are becoming more comparable in client experience to an equity.
Shannon Sweeney takes over the mantle to lead Calastone Australia
09 Apr 2013
As Calastone’s expansion into the Australian market continues apace, we were very glad to welcome the arrival of Shannon Sweeney as our new Managing Director, Australia. Shannon’s appointment underlines our commitment to the Australian market and is just the first step in an exciting future.
Calastone Australia passes Tipping Point
21 Mar 2013
With over 40% of the market now able to send or receive orders via Calastone, 150 market participants gathered in Sydney and Melbourne to hear from Industry leaders about how automation has benefitted both their businesses and client offerings.