DST International (DSTi) - the leader in business solutions for the investment management industry - announced today that Daiwa SB Investments (UK) Ltd (Daiwa SBI) - UK subsidiary of one of Japan`s leading asset management firms with about lb5 billion under management - has selected HiPortfolio/3 and HiCompliance for it`s investment management operations.
The solution will re-engineer its `end to end` fund management and reporting processes, providing a consistent and reconciled source of data for fund managers and financial accounting, regulatory and tax reporting.
Eiji Fukumuro, Daiwa SBI`s company secretary/compliance officer, said, "The new look and feel of HiPortfolio/3 makes it a great deal faster to navigate around, and going forward, the point in time recovery capabilities is an excellent risk mitigator. HiPortfolio/3 has outstanding reporting capabilities and because it is integrated with Crystal Reports, this adds enormous flexibility and will mean that our marketing team can directly benefit from the advanced presentation quality. HiPortfolio/3 also allows us to export in a variety of different formats including HTML and XML, giving us the possibility of using our reports to communicate effectively both with our clients and head office in a timely manner."
Mr Fukumuro added, "We looked at a variety of different systems and opted to use HiCompliance for our pre and post trade compliance because it`s flexibility met all our needs. By utilising a mirror database with HiPortfolio/3, it met our requirements for tight/real-time integration."
Marisa Bellini, director at DSTi South Africa (Pty) Ltd, said, "This further validates the success of DSTi`s strategy to complement our fund accounting system by delivering more services into the front office. By providing Straight Through Processing and entering correct data early in the process, Daiwa SBI`s efficiency will be greatly improved. Daiwa SBI extends our HiCompliance user base and joins such prestigious names as ISIS, SWIP, Stanlib and UBS."
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Daiwa SB Investments Group operates in all major investment regions, maintaining 5 offices globally, and servicing clients with specialist equity and fixed income products in Europe, the Middle East, the United States, and Asia. Currently assets under management total over US$31 billion, managed on behalf of 360 clients globally. Affiliations with two of Japan`s largest financial institutions, Daiwa Securities Group and Sumitomo Mitsui Financial Group, make Daiwa SB Investments Group one of the largest and most respected Japanese investment management firms.
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 600 clients in 55 countries. http://www.dstinternational.com
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.
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