One Investment Group makes key appointments on the back of growth plans

Independent Australian funds management service provider One Investment Group has been quietly chipping away at the competition. Set up in 2009 in the middle of the GFC to provide corporate trustee services to a number of distressed funds that were caught up in the liquidity crisis, the business has grown from a handful of funds to now providing outsourced Responsible Entity, Trustee, Custody, Fund Administration and Registry services to more than 180 funds and over $3.0 billion of assets under administration.

Justin Epstein, one of the founding partners of One Investment Group, commented “It has been a busy time in the Corporate Trustee services market due to the takeover and consolidation of some of our competitors. We are also seeing a significant increase in new funds being set up in Australia. The Significant Investor Visa programme has resulted in a burst of activity as has the launch of the ASX’s mFund service and a renewed interest in listed and unlisted property vehicles as investors search for yield in a prolonged low interest rate environment. We currently have 15 funds that we will launch as Responsible Entity or Trustee in the next several months, focusing on Property, Mezzanine Debt, Credit, Equities and Market Neutral strategies.”

One Investment Group has made a number of key appointments to assist with existing clients and its future growth plans:

• John Rowley has joined as Director, Business Development, to work with and manage the growing pipeline of new domestic and global clients. John has 20 years’ experience across the financial services industry, having worked at The Trust Company, UBS Global Asset Management and Macquarie Bank Group.
• Andrew Dyster has joined as Managing Director for One Registry Services to lead the team that provides registry services to unlisted and listed funds and companies. Andrew joins One Investment Group from Computershare where he was General Manager of Fund Services and brings a wealth of industry experience and knowledge to OIG.
• Sri Pillai joins as Director, Compliance. Sri will be responsible for fund governance and compliance activities. Sri has over 18 years’ experience with extensive compliance experience working for numerous ASX listed companies in addition to law firms both within Australia and offshore. He has also worked for a number of listed trustee/investment companies, including Permanent Trustees, Perpetual Trustees, Stockland Group, The Trust Company Limited and IOOF.
• Michael Greenway has joined as Manager, Corporate Trust Services, with 15 years’ client service and relationship management experience predominantly with ASX 100 listed financial services firms including the Commonwealth Bank of Australia and Colonial First State. Prior to joining One Investment Group, Michael spent six years at Perpetual Corporate Trust Limited.

Commenting on the appointments, Justin Epstein added “We are investing in additional expertise to take the business forward in an interesting time in the industry. New NTA requirements for Responsible Entities and custodians means that there are a lot of new and existing fund managers that are reviewing which activities they undertake in-house or outsource to professional Corporate Trustee providers like One Investment Group. We provide an end to end solution for fund managers covering Responsible Entity/Trustee, Custody, Fund Administration and Registry services which allow investment managers to focus on what they are good at, which is managing investor money and not worrying about back office compliance. One Investment Group has the advantage in that no other player in the market can offer this full suite of services. We can provide a standalone service or a complete solution to our clients.”

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