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.
7 November 2006 00:00
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Investments
Asset managers that underestimate the importance of artificial intelligence to their businesses do so at their own peril, according to Anton Eser, global chief investment officer of Robeco, who thinks that many have less than a year to get across the “most important transformation” the industry has seen since the beginning of the index business more than 25 years ago.
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