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Trustees Executors Live Implementation of DSTi’s HiPortfolio/3

  • 01 June, 2004 10:30

<p>MEDIA RELEASE</p>
<p>Sydney, 1 June 2004 – DST International (DSTi) the leader in business solutions for the investment management industry, today confirmed that the first site for HiPortfolio/3 in New Zealand is now fully operational at Trustees Executors. The Wellington headquartered Fund Services team for Trustees Executors will utilise HiPortfiolio/3 in its Third Party Administration offerings for the New Zealand funds management marketplace.</p>
<p>Previously users of HiPortfolio/2, Trustees Executors completed a smooth implementation of HiPortfolio/3 following a successful project of analysis, testing and parallel run resulting in a conversion in April 2004.</p>
<p>“Our move to HiPortfolio/3 was a logical business decision,” outlined Claude Oberto, National Manager, Fund Services, Trustees Executors. “We have worked closely with DSTi over the past five years as an alliance partner and believe that the benefits of HiPortfolio/3 will provide us with a competitive solutions edge.”</p>
<p>Trustees Executors is the largest provider of trustee and wholesale administration services to the New Zealand financial services industry. HiPortfolio/3 will be used to continue to provide valuation and accounting information to clients. “Our goal is to make doing business with Trustees Executors more attractive for existing and new clients. For those organisations wishing to outsource their back office functions, Trustees Executors becomes the logical choice,” Mr Oberto said.</p>
<p>According to Ian Mathieson, Managing Director of DST International, “We have worked closely with Trustees Executors in New Zealand over some time and applaud their decision to be the first adopter of our HiPortfolio/3 platform, which is our future proof funds management system.”</p>
<p>“Becoming the first adopters of HiPortfolio/3 in New Zealand will no doubt provide Trustees Executors with a business solutions leadership position. As a Third Party Administrator being able to offer the broader market access to DSTi’s latest technology will appeal to most investment organisations. Many of these companies will already be familiar with the product’s market leading forerunner, HiPortfolio/2. The HiPortfolio/3 platform has been specifically designed to provide greater versatility for information access and storage, ease of use as well as efficiency benefits for our clients’ customers,” he said.</p>
<p>Ends</p>
<p>About DST International (DSTi)
With 16 offices and over 1300 professionals to support its growing client base, DST International provides a unique and comprehensive range of investment management and work management software solutions and related services to over 600 clients in 55 countries. http://www.dstinternational.com</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 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>About Trustees Executors
Trustees Executors offers a broad range of financial and investment services to both corporate and personal clients and is widely known for its corporate trustee, personal trust, master custody, investment compliance, mortgage administration and managed fund registry services.</p>
<p>For more information please visit www.dstinternational, www. Trustees.co.nz or contact:</p>
<p>For DST International:
Cathryn van der Walt, 12 Worlds Pty Limited
Tel: +612 9501 1931, Email: cathryn@12worlds.com</p>
<p>ForTrustees Executors:
Claude Oberto, National Manager Fund Services
Tel: +644 495 0783, Email: claude.oberto@trustees.co.nz</p>

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