OneVue reshuffles executive team

OneVue makes changes to its executive team post the acquisition of Select Asset Management.


By Julie May

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Platform and fund services provider OneVue has made several changes to its executive team post the acquisition of Select Asset Management to bolster the breadth of capabilities across the group and position the business for future growth.

Under the new structure, former QIC general manager of investment operations Richard Stevens has joined OneVue as its new chief operating officer.

Prior to QIC, Stevens worked at financial services companies including MLC, Commonwealth Bank of Australia, JPMorgan Investor Services and UBS Global Asset Management.

In addition, former chief operating officer Lisa McCallum, who remains on the OneVue executive team, takes on the newly created position of head of innovation.

OneVue chief executive Connie Mckeage told financialobserver McCallum would lead a team charged with leveraging the platform features and services offered to retail and member organisations, and through that rejuvenate the platform features and services available to advisers and accountants.

Elsewhere Alex Wise, who joined OneVue as part of the Select acquisition as head of responsible entity (RE) services, has been appointed head of product and client strategies and will remain in charge of RE services as well.

Mckeage said Wise would oversee the integrated platform and fund services verticals, as the synergies between the two were now so strong that often sales people from the different divisions were seeing clients at the same time.

Further, former head of platform strategy, sales and service David Storm has been given the new title of head of partnerships and will report to Wise, while former head of fund services strategy, sales and service George Ribar will oversee group customer service.

David Yale, who joined the group as Select head of investment management, has also been appointed the new position of head of implemented portfolio services, which was another example of the successful integration of Select staff post the acquisition.

“Whenever OneVue makes an acquisition, we have to step back and closely assess what is the best way of positioning the team going forward,” Mckeage told financialobserver.

“We need to effectively utilise the range of skills we have access to, and I’m pleased to say that following the Select team coming on board I really feel we’ve got the bench strength and broader range of capabilities to take OneVue to the next level.”

As part of the Select acquisition in August, Select chairman and chief executive Brendan Foley was appointed OneVue deputy chief executive.

In May, OneVue announced that it had acquired the SMSF administration business formerly owned by Super Managers Australia.

In February it announced that it had purchased super trustee MAP Funds Management, while in August 2013 the firm said it had acquired Computershare’s unit registry arm, Computershare Fund Services.

Meanwhile, OneVue held its annual general meeting in Sydney yesterday.

“We start the [2015 financial year], following the capital raising, with minimal debt and a healthy cash position of $12 million at 30 September 2014, with a strong pipeline of opportunities,” OneVue chair Gail Pemberton said in her address.

Pemberton highlighted that the Select acquisition had already broadened the capabilities of OneVue, creating a fund services one-stop shop that comprised outsourced unit registry, Calastone, mFund and RE services.

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