Australian software developer, InfoComp, together with Royal Bank of Canada Global Services Australia (RBC GSA), today announced the adoption of InfoComp's world-class fund administration software platform, Composer. The system is scheduled to go live in May.
Alex Muto, Managing Director of RBC Global Services Australia, said, "A key consideration in our selection process was the need to support the wide array of product features associated with wholesale and mezzanine managed funds in the market today."
"Moving from our in-house system to a market-leading platform such as InfoComp's Composer, provides us with an efficient and scalable solution to meet the expanding needs of our fund manager clients. We will now be able to configure funds and provide higher quality customised reporting to our clients."
Robert DeDominicis, CEO of InfoComp said, "We look forward to working with RBC by assisting with their current business needs but also helping to develop their business further.
"Composer will provide a level of flexibility and choice to RBC Global Services that will enable them to accommodate their clients' current and future requirements."
"RBC Global Services is another new client for us and makes for an exciting and encouraging start to 2005. They join InfoComp's growing stable of global and large local financial institutions, which also includes Asteron (Promina Group), Credit Suisse, JPMorgan, Macquarie Bank, Merrill Lynch Investment Managers and Perpetual Investments," he concluded.