Tech Mahindra has today announced it has partnered with Perpetual to provide registry services.
Tech Mahindra will assume responsibility for Perpetual’s existing registry capability supporting its Wholesale, WealthFocus and Select investment, superannuation and pension products. The agreement covers both administration and technology services. All client facing services remain with Perpetual.
Paul Statham, Acting Group Executive of Perpetual Investments said: “We are delighted to announce this partnership with Tech Mahindra, an organisation that has the scale, experience and ability to deliver long-term investment in our registry operations to the benefit of Perpetual.
“We are also looking forward to seeing a complete refresh of registry IT infrastructure and applications which will allow us to focus on our core strengths.”
Rohit Gandhi, Head – Asia Pac, India, Middle East & Africa, Tech Mahindra said: “This is a significant landmark engagement for Tech Mahindra both locally and globally as our capabilities and presence within the financial services industry continue to evolve.
“Organisations in this sector are increasingly looking for new multi-layer ways to optimise their technology, business processes and infrastructure investments whilst simultaneously adding client value.
“Tech Mahindra’s holistic approach offers organisations such as Perpetual with future ready solutions that provide competitive advantage and market differentiation.”
Perpetual is an independent financial services group operating in funds management, financial advisory and trustee services. Our origin as a trustee company, coupled with our strong track record of investment performance, has created our reputation as one of the strongest brands in financial services in Australia. For further information, go to www.perpetual.com.au.
About Tech Mahindra
Tech Mahindra represents the connected world, offering innovative and customer-centric information technology services and solutions, enabling Enterprises, Associates and the Society to Rise™. We are a USD 2.7 billion company with 83,000 professionals across 49 countries, helping over 560 global customers including Fortune 500 companies. Our Consulting, Enterprise and Telecom solutions, platforms and reusable assets connect across a number of technologies to derive tangible business value.
We are part of the USD 16.2 billion Mahindra Group that employs more than 155,000 people in over 100 countries. The Group operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, after-market, information technology and vacation ownership.
Tech Mahindra will provide business processing, application management and infrastructure to support Perpetual’s registry. The core registry application will continue to be provided by Bravura Solutions.