Platform provider Oasis Asset Management is looking to hire 19 new IT personnel as it beta tests a number of new systems.
Wayne Lowe, Oasis managing director, said the hire of the new IT people, which was currently underway, would bring the group’s total IT force up to 76. “We’re doing it because we want to fast track some developments in the business,” Lowe said. ING Australia bought 76 per cent of the platform in March this year and although Oasis lost dealer group Avenue Capital early this year, Lowe said there had been no client losses post the ING deal. Oasis is currently beta testing upgrades for its MoneyOne desktop software application and website. “We recently upgraded all our hardware,” Lowe said.
The changing nature of volatility in financial markets and a more client-centric approach that allows allocations to be tailored is helping more institutions adopt a total portfolio approach to investment management, the Fiduciary Investors Symposium at Stanford University has heard.
Prashant MehraOctober 8, 2024
