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Liz Hastilow, managing director, Australia and New Zealand, First Sentier Investors, said: “First Sentier Investors’ strong investment and client servicing capabilities combined with The Trust Company’s depth of experience in fund compliance and governance will ensure our clients are well looked after. It is critical that our clients’ funds are well supported in every respect”. Vicki Riggio, general manager of managed funds services at The Trust Company added: “The Trust Company is proud to be appointed as the responsible entity for the First Sentier Investors funds following the result of the unit holders’ meeting and to be working with an investment manager of the calibre of First Sentier Investors. ....
Perpetual Corporate Trust delivers administrative and fiduciary services for the funds management and debt capital markets. The company was seeking an improved “Perpetual Fiduciary Intelligence” solution to “automate and simplify their manual processes with a focus on intuitive, user experience from both an internal and external perspective”, Insight said. Perpetual undertook an exercise over the course of a few years to clarify and develop the requirements, according to Insight. In early 2020, the two organisations agreed to a Proof of Concept (PoC) to see whether it was possible to “streamline the process, automate much of it, and ensure that due diligence data was available when and where it was needed in order to comply with regulatory requirements”. ....