Onevue Holdings enters unit registry deal with NAB

Company News

by David Chau

National Australia Bank (NAB) Asset Servicing has outsourced the provision of unit registry services to Onevue Holdings Ltd (ASX:OVH).

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.

David Chau

Finance News Network
David joined FNN in April 2016. In addition to presenting the Market Outlook and latest business news stories, David interviews senior economists and CEOs of ASX-listed companies. Prior to working for FNN, David was a litigation lawyer.