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Managed Accounts announces, December 2017 Quarterly Business Update

Highlights

  • Transaction to merge with Linear successfully completed with the integration process on track, Executive appointments well advanced and merger synergies being realised against plan
  • Record quarterly net inflows for the pre-merger Managed Accounts business of $113.6m for the quarter ended 31 December 2017 and net inflows of $74.8m for the Linear business for the period from 16 November 2017 to 31 December 2017
  • Combined group Funds under Administration (FUA) as at 31 December 2017 of $12.36 billion
  • Execution of four Memorandums of Understanding (MoUs) for the December 2017 quarter
  • Integrated approach to clients using a “best platform for the client” approach implemented
  • Linear international capability being assessed for use by the pre-merger MGP client base

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