Catholic Church Insurances Limited selects DSTi’s HiPortfolio/3
- 16 June, 2007 13:53
<p>Sydney, 14 June 2007 – DST International (DSTi), the leader in business solutions for the financial services industry, today confirmed that Catholic Church Insurances Limited (CCI) had selected its flagship solution, HiPortfolio/3, for the investment administration of a broad range of asset classes. The move to the DSTi platform was based on HiPortfolio’s global reputation and end-to-end management capabilities. CCI anticipates that HiPortfolio will meet its current and future business requirements.</p>
<p>Catholic Church Insurances Limited was established in 1911 to protect the interests of the Catholic Church in Australia. From its origins as a company offering only fire insurance for Church properties, the company has evolved into a diversified general insurance and financial services provider offering a broad range of products and services. Catholic Church Insurances has responsibility for the management and administration of over A$543M as at 30 June 2006.</p>
<p>To supplement its HiPortfolio/3 upgrade, the insurer will also be implementing a range of HiPortfolio modules designed to deliver reporting and compliance improvements much more efficiently and cost effectively.</p>
<p>For CCI’s General Manager, Peter Rush, the upgrade to HiPortfolio presented an opportunity to achieve best practice standards.</p>
<p>“To date we have been relying on multiple installed systems for administration, reporting and compliance. Whilst we are in the boutique end of the market, our requirements for due diligence are just as stringent as those of the larger insurance players. A central platform will enable us to achieve greater compliance across the business, and the increased automation will significantly reduce the delivery time of reports to the management team and the Board of Directors,” Mr. Rush said.</p>
<p>Catholic Church Insurances undertook a rigorous public tender process, selecting DSTi from a shortlist of solutions providers.</p>
<p>Commenting on the relationship with DSTi to date, Mr. Rush said, “Our dealing with DSTi has been a really good experience. The team at DSTi has lots of enthusiasm and is highly professional. They are very receptive to our needs and we find that to be positive.”</p>
<p>For Ian Mathieson, CEO for DSTi Australia and New Zealand, the strategic win for DSTi has re-affirmed the company’s fit for both local and global organisations involved in the investment management sector in Australia.</p>
<p>“Our global development centre for HiPortfolio is here, we have almost two hundred professionals in the consulting, support, product development and sales areas and our global Support Desk operate in the same business hours as Catholic Church Insurances does. We really were the true functional fit for the company,” Mathieson commented.</p>
<p>HiPortfolio is installed in over 550 retail and institutional investment management sites worldwide and has the largest installed base for any investment administration platform in Australia.</p>
<p>About DST International (DSTi)
With 19 offices and over 1700 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 700 clients in 55 countries.
About DST Systems, Inc.
DST Systems, Inc. provides sophisticated information processing and computer software products and services to support the mutual fund, investment management, insurance and healthcare industries. In addition to technology products and services, DST provides integrated print and electronic statement and billing output solutions through a wholly owned subsidiary. DST’s world-class data centers provide technology infrastructure support for mutual fund companies, healthcare providers, banks, mortgage bankers and insurance companies around the globe. DST is headquartered in Kansas City, Missouri, and is a publicly traded company on the New York Stock Exchange.
For further information please contact:
Cathryn van der Walt
0402 327 633