OneVue’s appointment will take effect immediately and will be followed by a series of transitions. In the meantime, NAB Asset Servicing will continue to support its clients with its existing unit registry platform.
OneVue expects this deal to make a material contribution to its revenues.
The company also says it has now secured long term contracts with 4 of 6 custodians in Australia. OneVue also says there is a high probability its organic pipeline now exceeds $5 million in annualised revenue.
Onevue Holdings posted a net loss of $4 million at 30 June 2016.