Former Perpetual stock-picking guru John Sevior’s new venture, Airlie, has selected RBC Investor Services to provide a range of investor services including custody, unit registry and fund administration.

Headed by Sevior and former Treasury Group managing director David Cooper, Airlie began formal operations in September after getting the tick from regulators.

“We have chosen RBC Investor Services because we have a strong working knowledge of their processes and a good relationship with the key executives,” he said.

RBC managing director David Travers said the company was able to complete an end-to-end solution to meet Airlie’s immediate needs as Sevior re-enters the marketplace, post-Perpetual.

Cooper added: “We want to hit the ground running with the launch of our new fund and, with the service and support RBC Investor Services provides, we can focus on providing solid returns for our clients.”

Perpetual suffered significant outflows in the wake of Sevior’s departure and several large funds are believed to be lining up to allocate funds with the new Airlie venture.