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Australian Unity Investments selects DSTi’s front and middle office solutions for investment management

  • 22 November, 2007 12:38

<p>Sydney, 21 November 2007 – DST International (DSTi), a leader in business solutions for the investment management industry, announced today that Australian Unity Investments (AUI) has selected DSTi to provide its front and middle office solutions, to create a system which is expected to assist fund managers with their investment administration.</p>
<p>The solutions chosen by AUI cover modelling, dealing, pre- and post-trade compliance, performance attribution and measurement, unit pricing, and client reporting.</p>
<p>Mr Mark Pratt, Chief Operating Officer for AUI, said, “The business required a solution that would meet its current investment administration needs and could also be tailored to support its future needs, including the requirements of AUIs joint venture partners.</p>
<p>“Our product range and funds under management have expanded rapidly over the past two years, and we are ensuring that we have the processes and systems in place to continue to achieve managed and sustainable growth in the future.</p>
<p>“For example, the new solutions produce reporting for Managed Discretionary Accounts and Self Managed Accounts, and we see this as a service that will be increasingly important for boutique fund managers over time. This will help us to continue to manage risk via enhanced controls in a way that allows our portfolio managers to concentrate on what they do best – managing money.”</p>
<p>The new solutions from DSTi are also expected to allow AUI to automate a number of manual activities, enabling the business to further streamline business processes and increase the consistency of its internal analysis. The enhanced controls that the DSTi solutions are designed to provide include greater transparency of unit pricing validation and the automation of pre and post-trade compliance.</p>
<p>“We are pleased to welcome Australian Unity Investments on board as a new client,” said Mr Ian Mathieson, CEO of DST International in Australia and New Zealand.</p>
<p>“We believe that the front and middle office solutions tailored for AUI will help facilitate a greater level of control and minimise risk,” concluded Mathieson.</p>
<p>Australian Unity Investments is the funds management arm of financial services, health and retirement living services provider Australian Unity. It currently has over $6.2 billion in funds under management. Its approach to product development is to use its established in-house expertise in property and mortgages while also forming joint ventures and strategic alliances with other organisations with specialist expertise.</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.</p>
<p>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.</p>
<p>For further information please contact:
Cathryn van der Walt OR Mr Mark Pratt
12 Worlds Australian Unity Investments
Mob: 0402 327 633 Phone: 03 8682 4448
Email: Email:</p>
<p>The information and comments above may include forward-looking statements respecting DST International Limited and its businesses. Such information and comments are based on DSTi’s views as of today, and actual actions or results could differ. There could be a number of factors affecting future actions or results, including those set forth in DSTi’s latest periodic financial report (Form 10-K or 10-Q) filed with the Securities and Exchange Commission. All such factors should be considered in evaluating any forward-looking comment. The Company will not update any forward-looking statements in this press release to reflect future events.</p>

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