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HWL Ebsworth advises Macquarie on outsourcing deal with ANZ

HWL Ebsworth has acted for Macquarie Investment Management Ltd, on a key outsourcing arrangement with ANZ.

The Firm’s team carried out due diligence, assisted with the development of the deal structure and prepared and negotiated the documents.

At the heart of the outsourcing transaction is a new wrap platform, which is effectively an investment platform or system providing access to and administration of a very broad range of financial investments such as shares and managed funds.

Under the new arrangement, Macquarie will develop and administer a new wrap platform for ANZ’s advice partners which will replace ANZ’s current Oasis offering, while at the same time providing administration services for ANZ’s existing $6.9 billion Oasis business.

The HWL Ebsworth team was led by Joe Montano and Stuart Walton, with significant contributions from David Cinque and Ben Gulson. Robert O’Donohue, John Gray, Rowan McDonald, Tim Chan, Richard Westmoreland, Steven Penning and Mark Payne also provided substantial advice on specialist areas of law. The team’s ability to provide an integrated service against tight timetables was key to being able to meet Macquarie’s requirements for the deal.

ANZ’s media release about this transaction is available here.

Note to Editors:

HWL Ebsworth is the largest legal partnership in Australia according to the most recent partnership surveys published by The Australian and the Australian Financial Review.

Following the abovementioned appointment, the firm will comprise 976 staff including: 197 Partners, 467 other legal staff and 312 support staff across offices in nine locations – Adelaide, Alice Springs, Brisbane, Canberra, Darwin, Melbourne, Norwest (North West Sydney), Perth and Sydney.

HWL Ebsworth is an independent, nationally integrated, full service commercial law firm, providing tailored and commercially oriented legal services.

HWL Ebsworth operates a different business model to the other leading national law practices, and this allows us to offer unrivalled value for money without compromising quality and service. Our low ratio of solicitors to partners ensures that our clients receive optimal access to partner resources for all matters.

For further information, please contact:

Russell Mailler, National Marketing Manager (03) 8644 3569 or rmailler@hwle.com.au.