Oasis Asset Management has chosen an application created by Australian asset administration software specialist Garradin to support its direct shares business. It follows a 12 month selection process.
Bruce Tustin, Managing Director of Oasis, commented that Garradin’s software was ideal for delivering the direct share functionality required by many of its client advisers. “Garradin is a market leader in supporting corporate actions and tax for retail products; they spent a long-time consulting with us in agreeing the best way to deploy the software to support our business and client needs. The software has a track record of proven scalability at some of Australia’s leading retail sites, and this was one of our key selection requirements. We have selected software that can handle our direct share and managed fund tax reporting today, with the ability to expand to support other product initiatives such as Individually Managed Accounts. A further key factor was to ensure we retained complete control over our client’s data, so the ability to integrate the Garradin software within our system was critical.”
Stephen Bowhill, CEO of Garradin, said he was delighted that Oasis had put its future business growth of this new area on our software. “The wealth management and retail space is all about automation and allowing clients to deliver new products or increase FUM with no increase in infrastructure,” he says. “Garradin has been a successful solution in this area for many years and we look forward to substantial growth here.”
Kassem Farhat, one of Garradin’s Business Consultants and lead consultant for Oasis added that “Garradin Portfolio’s flexibility of supporting different asset classes and the highly automated method in which we allow clients to manage CGT and corporate actions, ensures that Oasis are future-proofing their infrastructure and enables delivery of superior client service to its growing client base.”