Our History
Mainstream opened its doors as a boutique administrator in 2006 with just seven employees. Today we employ over 360 people in our global network of offices.
Yet Mainstream’s story started much earlier than this when our founding directors worked together for many years as management consultants, implementing major back office and shared services projects.
Our founders identified a gap in the fund administration market for an independent provider. They went on to establish Mainstream as a boutique alternative to existing fund administrators and won the business of fund managers, many of whom have gone on to grow exponentially.
Like its clients, Mainstream has achieved significant growth. The company has broadened its fund admin services to include superannuation and share registry services, acquired complementary businesses and opened international offices.
Mainstream is now one of Australia’s largest independent administrators, servicing 1,416 funds worth more than A in assets under management. The company is publicly traded on ASX under security code MAI.
Read our history to see how we’ve grown into the ‘back-office for hire’ for the investment management industry.
2021
- Mainstream is acquired by the Apex Group.
2020
- Listed for the second consecutive year as one of the Australian Financial Review’s ‘Fast 100’, 100 fastest growing companies in Australia.
- Funds under administration exceed A$200 billion
2019
- Surpassed A$150 billion in funds under administration
2018
- Listed as one of the Australian Financial Review’s ‘Fast 100’, 100 fastest growing companies in Australia.
2017
- Surpassed A$100 billion in funds under administration
- MainstreamBPO rebranded as Mainstream
- Acquired Trinity Fund Administration in Ireland and the Cayman Islands
- Purchased part of IRESS’ superannuation administration business
2016
- Acquired Fundadministration, Inc and Galileo Fund Services
- Opened New York and Malta offices
2015
- Purchased Asia-Pacific hedge fund business from Alter Domus
- Surpassed A$50 billion in funds under administration
- Listed on ASX as a publicly traded company
2014
- Acquired HFO’s Hong Kong based operations
- First third party registrar to go live on ASX mFund settlement service
2013
- Opened Hong Kong office
- Reached milestone of serving 100,000 investors
- Assets under management reached USD $30 billion
- Moved into dedicated unit registry (transfer agency) and contact centre services
2012
- Opened Singapore office
- Purchased Perpetual’s Australian registry business
2011
- Group Benefits subsidiary re-branded as SuperBPO
- Launched back office admin service for managed accounts
- Implemented PFS-PAXUS for hedge, fund of fund and private equity funds
2010
- Launched share registry service for exchange-traded funds (ETFs)
- Moved into administering distressed assets
2009
- Developed separately managed account (SMA) capability
2007
- Established superannuation administration business through acquisition of Group Benefit companies
2006
- Implemented full suite of DST’s technology solutions
- Mainstream established by directors Byram Johnston and Martin Smith
