Calastone targets scale and growth with new Australian Business Development Director

NEWS | 25 January 2016
Australia

Calastone, the global fund transaction network, has appointed Tony Nejasmic as Director of Business Development for Australia and New Zealand.

Mr Nejasmic, a former Macquarie Bank executive with 20 years’ distribution and commercial management experience, will work closely with platforms and fund managers who are increasingly adopting Calastone’s automated network for domestic and cross border transaction processing.

Calastone Managing Director Australia, Sarah Hayward, said Tony’s appointment would help drive and consolidate Calastone’s growth across Australia and into New Zealand.

“Around 75% of the industry is now sending managed fund transactions via Calastone, gaining efficiencies and reducing risk through intelligent transaction automation,” she said.

“Calastone streamlines back office processing in the managed funds industry, where manual handling has long persisted, allowing firms and the sector to vastly improve operational standards and maximise opportunities created by initiatives such as the planned Asia Funds Passport

“Clients already benefiting from automation clearly want full industry adoption so that benefits are maximised for all, and Tony’s role will be key in closing this gap.”

The Calastone network has already processed over A$45 billion of transactions between platforms and managers since its local operation commenced four years ago.

On joining Calastone, Mr Nejasmic said the firm’s impressive growth reflects the power of its smart technology solutions combined with a strong focus on client relationships and their requirements.

“I’m very excited to be joining the team at Calastone and look forward to working with clients to further reduce the inherent risks in manual back office processing,” he said.

Tony joins Calastone from Macquarie Bank where, over 15 years, he held a number of roles including the launch and distribution of the Macquarie Wrap service. Most recently he was Division Director responsible for the distribution of the Macquarie Managed Account platform.  Prior, Tony worked in sales roles at Asgard and Count Financial Group.

- - -

For further information, please contact Emma Cullen-Ward, OneProfile Communications on (02) 8915 9900 or 0414 989 137 and see over for notes. Picture of Tony available on request.