MEDIA RELEASE: Link Group successfully completes Superpartners transition
Announcement posted by Honner 19 Dec 2016
MEDIA RELEASE
Link Group successfully completes Superpartners transition
Final two million AustralianSuper members seamlessly transition to Link’s platform
Monday, 19 December 2016: Global provider of share registry, shareholder management, analytics and fund administration services Link Group (ASX: LNK) today announced the successful completion of its largest superannuation fund transition to date, as more than 2 million AustralianSuper members, representing over $100 billion in assets, seamlessly moved on to its aaspire administration platform.
The transition, which was made ahead of schedule and within budget, is Link’s ninth fund transition in the past 14 months, and completes the successful migration of over five million individual super member records - an unprecedented achievement in Australia.
Five of the nine funds, including MTAA Super, HESTA, Host-Plus, Cbus and AustralianSuper, were transitioned as part of Link’s acquisition of Superpartners, announced in December 2014. The completion of the transition phase triggers the next round of business synergies as Link prepares to archive legacy data and switch off the Superpartners platform.
In addition to the ambitious transition program, the past 12 months has seen Link list on the Australian Securities Exchange, consolidate three Melbourne-based premises into one newly-built location in Collins Square, Melbourne, in addition to maintaining its focus on delivering an innovative range of solutions to its growing client base.
Link Group Managing Director John McMurtrie said realising the synergies from the integration of the Superpartners business was only one of many drivers of growth for the company.
“The acquisition of Superpartners was a significant milestone for the business and it is testament to the team’s technical proficiency and professionalism that we could transition such a significant amount of personal information with minimal disruption to superannuation members, employers and other key stakeholders.
AustralianSuper Chief Executive Ian Silk said the benefits from the transition will allow AustralianSuper to improve the level and quality of services so as to improve member interactions with the Fund.
“The transition to Link was a major milestone for AustralianSuper and we are pleased that the whole project was completed successfully, on time and with minimal disruption to our members.
‘Link’s administration platform provides us with opportunities to greatly improve the levels of service for AustralianSuper members,” Mr Silk said.
Suzanne Holden, CEO of Link Group’s Fund Administration business commented that: “This achievement is substantial and is a strong reflection of the Link Group culture and the success it can achieve. I have been very pleased with the integration along with our ability to remain focused during this transformational year for Link Group.
“We will continue to roll out innovative growth opportunities for the business and will announce some exciting initiatives in the year ahead as we further enhance our digital capabilities and strategic partnership program.”
Link administers financial ownership data for over 2,500 clients globally, servicing an underlying stakeholder base of over 10 million superannuation account holders and over 25 million individual shareholders.
Ends
For further information, please contact:
Media enquiries:
Link Group:
Rachel Maher
Honner
Ph no: 0434 191 290
mail: rachel@honner.com.au
AustralianSuper:
Head of External Relations
Stephen McMahon
Ph no: 0407 507 415
Email: smcmahon@australiansuper.com
About Link Group (ASX: LNK)
Link Administration Holdings (Link Group) administers financial ownership data and drives user engagement through technology. Underpinned by our investment in technology, people and processes, we deliver comprehensive data and information solutions for companies, large asset owners and trustees across the globe. We are a market leading provider of technology-enabled administration solutions, continually developing our offerings to expand with our clients’ needs.
Our core business, which consists of fund administration and securities registration, is complemented by our expertise in digital solutions and data analytics. Our clients represent all industries and include some of Australia’s largest superannuation funds and the world’s largest corporations.
For more information, please visit: www.linkgroup.com
About AustralianSuper
AustralianSuper is a profit for member organisation and manages more than $100 billion of members’ assets on behalf of more than two million members from across 220,000 businesses. One in 10 working Australians is a member of AustralianSuper the nation’s largest super fund.
Link Group successfully completes Superpartners transition
Final two million AustralianSuper members seamlessly transition to Link’s platform
Monday, 19 December 2016: Global provider of share registry, shareholder management, analytics and fund administration services Link Group (ASX: LNK) today announced the successful completion of its largest superannuation fund transition to date, as more than 2 million AustralianSuper members, representing over $100 billion in assets, seamlessly moved on to its aaspire administration platform.
The transition, which was made ahead of schedule and within budget, is Link’s ninth fund transition in the past 14 months, and completes the successful migration of over five million individual super member records - an unprecedented achievement in Australia.
Five of the nine funds, including MTAA Super, HESTA, Host-Plus, Cbus and AustralianSuper, were transitioned as part of Link’s acquisition of Superpartners, announced in December 2014. The completion of the transition phase triggers the next round of business synergies as Link prepares to archive legacy data and switch off the Superpartners platform.
In addition to the ambitious transition program, the past 12 months has seen Link list on the Australian Securities Exchange, consolidate three Melbourne-based premises into one newly-built location in Collins Square, Melbourne, in addition to maintaining its focus on delivering an innovative range of solutions to its growing client base.
Link Group Managing Director John McMurtrie said realising the synergies from the integration of the Superpartners business was only one of many drivers of growth for the company.
“The acquisition of Superpartners was a significant milestone for the business and it is testament to the team’s technical proficiency and professionalism that we could transition such a significant amount of personal information with minimal disruption to superannuation members, employers and other key stakeholders.
AustralianSuper Chief Executive Ian Silk said the benefits from the transition will allow AustralianSuper to improve the level and quality of services so as to improve member interactions with the Fund.
“The transition to Link was a major milestone for AustralianSuper and we are pleased that the whole project was completed successfully, on time and with minimal disruption to our members.
‘Link’s administration platform provides us with opportunities to greatly improve the levels of service for AustralianSuper members,” Mr Silk said.
Suzanne Holden, CEO of Link Group’s Fund Administration business commented that: “This achievement is substantial and is a strong reflection of the Link Group culture and the success it can achieve. I have been very pleased with the integration along with our ability to remain focused during this transformational year for Link Group.
“We will continue to roll out innovative growth opportunities for the business and will announce some exciting initiatives in the year ahead as we further enhance our digital capabilities and strategic partnership program.”
Link administers financial ownership data for over 2,500 clients globally, servicing an underlying stakeholder base of over 10 million superannuation account holders and over 25 million individual shareholders.
Ends
For further information, please contact:
Media enquiries:
Link Group:
Rachel Maher
Honner
Ph no: 0434 191 290
mail: rachel@honner.com.au
AustralianSuper:
Head of External Relations
Stephen McMahon
Ph no: 0407 507 415
Email: smcmahon@australiansuper.com
About Link Group (ASX: LNK)
Link Administration Holdings (Link Group) administers financial ownership data and drives user engagement through technology. Underpinned by our investment in technology, people and processes, we deliver comprehensive data and information solutions for companies, large asset owners and trustees across the globe. We are a market leading provider of technology-enabled administration solutions, continually developing our offerings to expand with our clients’ needs.
Our core business, which consists of fund administration and securities registration, is complemented by our expertise in digital solutions and data analytics. Our clients represent all industries and include some of Australia’s largest superannuation funds and the world’s largest corporations.
For more information, please visit: www.linkgroup.com
About AustralianSuper
AustralianSuper is a profit for member organisation and manages more than $100 billion of members’ assets on behalf of more than two million members from across 220,000 businesses. One in 10 working Australians is a member of AustralianSuper the nation’s largest super fund.
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