Global fund transaction network Calastone has appointed a new director of business development for Australia and New Zealand.
Former Macquarie Bank executive Tony Nejasmic has joined Calastone as director of business development in Australia/New Zealand.
Mr Nejasmic, who has 20 years of experience in funds management distribution and commercial management, will work with platforms and fund managers who use Calastone for domestic and cross-border transaction processing.
Calastone Australia managing director Sarah Hayward said Mr Nejasmic's appointment would help drive the company's growth in Australia and New Zealand.
"Around 75 per cent of the industry is now sending managed fund transactions via Calastone, gaining efficiencies and reducing risk through intelligent transaction automation," Ms Hayward 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," she said.
"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."