Responsible entity services on the up: Perpetual

Responsible entity services on the up: Perpetual

With global managers increasingly attracted to Australia’s $1.9 trillion superannuation pool, there has been an upturn in those seeking independent responsible entity services, says Perpetual.


There is an increasing demand for responsible entity (RE) services from both global and local asset managers, a Perpetual-issued statement said.

Perpetual Corporate Trust acting general manager of regulatory fiduciary services Rupert Smoker said: “Clearly Australia remains a desirable target for international fund managers and we are seeing a continued demand from a range of offshore asset managers.”

“However, we are also seeing more and more local investment managers transition to an independent RE, freeing up them to focus on managing their strategies and growing their funds under management,” he said.

Perpetual said the demand for RE services has increased over the past quarter, with the company appointed as independent RE for seven funds.

“Our role as an independent responsible entity is to assist fund managers structure their products for Australian institutional and retail investors to ensure their funds are operated in a manner consistent with Australian financial services law and in the best interest of investors,” Mr Smoker said.

Related Articles

 

Responsible entity services on the up: Perpetual
investordaily image
ID logo
promoted stories

Appointments

Tania Cummin

Equip Super appoints strategy and markets executive

Staff Reporter

Paul Harding-Davis

Premium China Funds Management names new CEO

Jessica Yun

Matthew Wallis

Synchron appoints new state manager

Staff Reporter

Analysis

investordaily image

A correction, not a turning point

James Swanson

Martin Dropkin

Why bond covenants matter

Martin Dropkin

Maurizio Canton

Striking a balance between security and innovation

Maurizio Canton