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DSTi’s HiPortfolio/3 to be implemented for Promina Group

  • 26 October, 2005 12:36

<p>Sydney, 26 October 2005 - The leading provider of business solutions for the institutional investment management industry, DST International (DSTi), today announced that Promina Group (Promina) will implement HiPortfolio/3 as part of the new investment services technology platform for its financial services businesses in Australia and New Zealand.</p>
<p>Promina Group is a listed insurance and financial services group including brands such as Tyndall, Asteron, AAMI, Vero and Shannons.</p>
<p>DST International’s HiPortfolio/3 will be used for core processing, incorporating the new interfacing and data transformation functionality of HiWay.</p>
<p>“By selecting and implementing the DSTi technology, we will continue to deliver the high standards of service and efficiency that we are committed to providing for our clients in Australia and New Zealand,” explained Mr Dennis Fox, Promina Group’s Chief Executive Financial Services.</p>
<p>“We have taken an approach that is robust, flexible and scaleable, as the best way to support our clients’ needs both now and well into the future,” Mr Fox said.</p>
<p>The decision to implement HiPortfolio/3 continues the technology’s rapid rollout in Australia in 2005, with Perennial Investment Partners, National Custodian Services, BNP Paribas and others already selecting DSTi’s solution as their chosen system this year.</p>
<p>DST International has invested and will continue to invest millions of dollars annually on research and development for its investment management solutions for both the Australasian and global marketplaces.</p>
<p>HiPortfolio/3 remains the system of choice for over 100 institutions around the world and is the most widely used system in the Third Party Administration market around the globe.</p>
<p>About DST International (DSTi)
With 19 offices and over 1300 professionals to support its growing client base, DST International provides a unique and comprehensive range of investment management and business process management software solutions and related services to 600 clients in 55 countries.</p>
<p>About DST Systems, Inc.
Our parent company, DST Systems, provides sophisticated information processing and computer software services and products that help clients improve productivity, increase efficiencies, and provide higher levels of customer service. DST is organised domestically and internationally into three operating segments: Financial Services, Customer Management, and Output Solutions. DST operates one of the most advanced data centres in the world, which provides information-processing services to support the products within each operating segment. These products are further enhanced through the integration of DST's advanced technology and e-commerce solutions.</p>
<p>For more information please visit www.dstinternational or contact:</p>
<p>Cathryn van der Walt</p>
<p>12 Worlds Pty Limited</p>
<p>Tel: +61 (0) 402 327 633</p>

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