Women in ICT Awards
Australian Unity Investments goes live with DSTi’s front and middle office solutions
- 25 June, 2008 12:54
<p>DST International (DSTi), a leader in business solutions for the investment management industry, confirmed today that Australian Unity Investments (AUI) has successfully implemented the DSTi front and middle office investment administration solutions for its in-house investment management operations and joint venture arrangement with Platypus Asset Management (Platypus).</p>
<p>The front and middle office solutions from DSTi have helped improve the automation of business processes for portfolio management, validation, performance and reporting requirements whilst providing the capabilities designed to minimise levels of trading risk.</p>
<p>For AUI’s Chief Operating Officer, Mark Pratt, the implementation period presented the opportunity to study in detail existing operational processes and the continued automation of business improvements.</p>
<p>Mr Pratt said, “We selected DSTi for its ability to provide investment management solutions that were truly focused on business outcomes rather than information technology improvements. With these solutions now incorporated into our daily business activities, we have a stronger control environment across a range of actions for both our in-house investment operations and joint venture arrangement with Platypus”.</p>
<p>The solutions implemented by AUI now automate and report on modelling, dealing, pre- and post-trade compliance, performance measurement and attribution, unit pricing validation, and client reporting.</p>
<p>AUI has already experienced meaningful efficiency gains in both the daily unit price validation process and implementation of fund rebalancing trades, as a result of the implementation.</p>
<p>Mr Ian Mathieson, DSTi’s CEO for Australia and New Zealand, said, “This is a timely incorporation of DSTi technology for Australian Unity Investments. Within the current economic climate, organisations continue to seek an increased return on investment on business and technology enhancements. With this implementation not only are there demonstrable immediate improvements, there is also a roadmap for greater levels of business control in the future”.</p>
Australian Unity Investments is the funds management arm of financial services, health and retirement living services provider Australian Unity. It currently has over $6.7 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.
About DST International (DSTi)
With 21 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>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: Cathryn@12worlds.com Email: email@example.com</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>