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Press Release


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SuperChoice partners with SuperBPO Superannuation Clearing House service
May 18, 2011

SuperChoice, Australia’s leading superannuation clearing infrastructure, has announced it is providing payment infrastructure to support the delivery of SuperBPO superannuation clearing house in May 2011.

SuperBPO provides member administration, unit pricing and accounting services to industry funds, corporate superannuation funds and retail superannuation master trusts.

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MainstreamBPO launches new brand for Superannuation Administration
April 14, 2011

MainstreamBPO’s subsidiary Group Benefits has been re-branded to SuperBPO as a launch pad for growth in market share.

SuperBPO provides member administration, corporate secretariat, unit pricing and accounting to range of Industry, corporate and retail master trust super funds. The business recruited a new CEO in July 2010 – Michael Houlihan (who has been in the financial service industry for over 25 years) - and has seen immediate results with two new clients being secured.

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March 29, 2011

MainstreamBPO’s subsidiary FundBPO is now supporting the IMA/SMA back office administration requirements for a number of clients.
FundBPO is able to offer scalability in resourcing, subject matter expertise and independence. In the current market Investment Managers, Advisers and Stockbrokers need to seriously consider the demands when providing back office services. There are resource costs and continuity issues while the AUM is small, there can be a lack of economies of scale in important skill sets (corporate actions, tax reporting, trade settlement and custody reconciliations) and independence of valuation is paramount in investor’s minds after the GFC.

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September 24, 2010

MainstreamBPO’s subsidiary FundBPO has worked with a number of organisations to assist Responsible Entities, Liquidators and administrators with the wind down and / or ongoing administration of distressed assets or distressed fund managers. Martin Smith runs the fund administration business and says “We are the back office for hire”. “It can be a short term arrangement to assist with the orderly sale of assets or long term arrangement so the business can be sold as a going concern with a robust governance and compliance structure”.

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June 24, 2010

MainstreamBPO’s subsidiary FundBPO is now supporting the fund administration requirements of an emerging markets fund. Mondrian Investment Partners based in London has launched the Mondrian Focused Emerging Markets Fund, an equity fund aimed at local institutions and super funds who are seeking exposure to emerging markets through an experienced international investment manager. The Fund invests in over 25 markets including China, Brazil and Taiwan.

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April 28, 2010

MainstreamBPO is now supporting the share registry requirements of exchange traded funds (ETF’s). Our first ETF client is Australian Index Investments. They will be offering six ETF’s listed on the ASX. MainstreamBPO has adopted its unlisted registry system (Hi-Trust) to meet the listed registry processing requirements…

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November 6, 2007

Investec Bank ( Australia ) Limited, (Investec), have provided Sydney-based business process outsourcing group MainstreamBPO with an acquisition debt facility of $10 million to grow their business.

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September 14, 2007

MainstreamBPO moves into superannuation administration services with the acquisition of the Group Benefit companies.

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November 3, 2006

The Directors of Belmont Holdings Limited advise that the company has agreed to invest up to $1.75 million in MainstreamBPO Pty Limited, an expanding administration outsourcing company based in Sydney.

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June 21, 2006

DST International (DSTi) – the global leader in technology solutions for the financial services industry – has today announced another industry first. MainstreamBPO, the specialist business processing outsourcer, will implement the full suite of DSTi solutions in its recently launched fund administration business for boutique and institutional fund managers. This will be the first time that a single outsourcer will provide access to fund managers from the boutique to institutional level with the unique capabilities of DSTi’s HiPortfolio and HiTrust solutions. The DSTi solutions will support the administration of unit registry, investment administration and fund accounting functions.

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