Perpetual, Tech Mahindra ink deal

Tech Mahindra is on strategic partnership with a financial services' group 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."