Integrated Portfolio Solutions has signed its first Asian client and appointed a non-executive director.
The Sydney-based platform recently crossed a milestone of A$6 billion ($4.36 billion) in funds under management as of June 30, 2020, on the back of «particularly strong flows» from family office and small institutional clients in the past 12 months.
This represents a 64 percent growth rate year-on-year and a 29.4 percent growth rate per annum since June 30, 2015. Integrated also has a contracted onboarding pipeline in excess of A$1b which will bring its FUA to approximately A$7 billion by the end of the third quarter this year.
«We are pleased to see the continuing evolution and growth of Integrated. We are investing in digitization and introducing new features and functionality that increase both advice efficiencies and client engagement,» Nigel Singh, head of sales, said in a statement.
First Asian Client
«Most platforms focus on public markets and liquid assets. IPS is flexible enough to administer private assets across multiple counterparties in a non-custodial manner,» a spokesperson told finews.asia.
Earlier this year, the platform closed a $1 million funding round, which is being used to expand its product range, and hired its first regional salesperson in Asia, as it eyes growth in Singapore and Hong Kong. It is currently piloting with wealth and family office clients in Singapore, and has signed its first Asian client, which was not named.
Industry Veteran Joins
Integrated also confirmed the appointment of industry veteran Damien Hatfield to its board, in a statement published earlier this week.
Hatfield is currently an executive director at Aura Alternative Assets and a director with Triple A Partners. He brings two decades of experience working in senior roles at Ascalon, Colonial First State and Pengana Capital.
