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Technology Deals IBM teams with Russell to win Qantas super fund deal
Technology Deals IBM teams with Russell to win Qantas super fund deal | IBM teams with Russell to win Qantas super fund deal |
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| by Stan Beer | |
| Tuesday, 28 November 2006 | |
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Russell earlier this year joined forces with IBM Australia in a bid to lead the Australian market in the provision of total member administration outsourcing solutions to large superannuation funds. Under the Qantas agreement, Russell will manage all client relationship functions while the administration service centre will be operated by IBM Australia. Mr Jason Nyilas, Partner, Financial Services, IBM Global Business Consulting, said that despite being a newcomer to the member administration market in Australia, the Qantas win demonstrated that a clear understanding of IBM’s unique ability to transform member administration services was emerging. “Through a combination of our consulting skills, technology, process delivery capabilities and Russell’s deep industry expertise, IBM is in a unique position to set new benchmarks for this industry in terms of both services and quality,” Mr Nyilas said. Russell/IBM Australia now administers six of Australia’s top ten corporate superannuation schemes covering 155,000 members and $18 billion in member assets. Administration clients include the superannuation plans for Westpac, BHP Billiton, ANZ and BlueScope Steel, and well as the A$3 billion Russell SuperSolution Mastertrust.
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