AMAL Asset Management Ltd
"With over $8.5 billion of assets under administration, AMAL is the leading third-party servicer in Australia and New Zealand. We have been using the ARM system for over seven years. Over this time, ARM has been an integral part of our service offering and helped us to grow to a position where we service a variety of asset types, for over 30 of the region's leading financial organisations."
Brendan Weir
Executive Director
AMAL Asset Managment Ltd
Standard & Poors Servicer Evaluation
AMAL is in its fifth year of evaluation by Standard & Poor’s Ratings Services and has been assigned an ABOVE AVERAGE servicer ranking in all five years.
In 2009, the ranking for the Management and Organisation component of the evaluation was upgraded from ABOVE AVERAGE to STRONG. Standard & Poor’s noted that this was on the basis of:
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A highly experienced management team leading a qualified servicing workforce.
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Well designed and thorough operating and servicing policies and practices surrounding process and controls.
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An effective risk management and compliance framework, which is underpinned by a newly implemented risk management tool to identify, manage and report risk processes and issues.
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A strengthened corporate governance structure.
The full 2009 servicer evaluation can be downloaded HERE.
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RMBL
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