Swiss Re Asset Management Deploys DST's HiPortfolio
Announcement posted by DST International 29 May 2003
Australian-developed financial technology achieves comprehensive operational efficiencies around the world
DST International (DST), a leader in business solutions for the investment management industry, announced today that Swiss Re Asset Management (SRAM), the proprietary investment arm of Swiss Re, is now utilising DSTs Australian-developed HiPortfolio solution as well as DST OpenMessenger throughout its world-wide investment operations.
SRAM, with more than CHF 80 billion under management as of December 2002, recently activated DSTs HiPortfolio system in its North American operations. The system had previously been deployed in Zurich, London, Dublin, Munich, Johannesburg, Hong Kong and Melbourne offices.
From its Melbourne Research and Development Centre, DST developed numerous modules to meet the specific legal and technical requirements for each location. The new modules calculate and format Swiss Res financial exposure on a quarterly and year-end basis for the Swiss Re entities that are covered under various legislation
Four new modules were developed to address North American legal reporting requirements. To accommodate Annual Statement Schedule D, used by all U.S. insurance companies to report investments, DST developed three modules. DST developed a separate module for Canadian Tax Reporting.
The global approach integrates SRAM accounting and back-office systems. Any new systems can be interfaced more efficiently for SRAM globally and available to all of the investment centres
About DST International (DST)
With 16 offices and over 1000 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 550 clients in 55 countries. Our parent company, DST Systems Inc, services nearly 8,000 mutual funds and over 80 million accounts with 2002 revenues of $2.38 billion. http://www.DSTnternational.com
About Swiss Re Asset Management
SRAM is a unit of Swiss Reinsurance Company, a leading reinsurer and the world's largest life and health reinsurer. Swiss Re is a leading reinsurer and the worlds largest life and health reinsurer. The company is global, operating from 70 offices in 30 countries. Since its foundation in 1863, Swiss Re has been in the reinsurance business. Swiss Re has three business groups: Property & Casualty, Life & Health and Financial Services. Swiss Re offers a wide range of traditional reinsurance products and related services, which are complemented by insurance-based corporate finance solutions and supplementary services. Swiss Re is rated AA+ by Standard & Poors, Aa1 by Moodys and A++ by A.M. Best.
SRAM, with more than CHF 80 billion under management as of December 2002, recently activated DSTs HiPortfolio system in its North American operations. The system had previously been deployed in Zurich, London, Dublin, Munich, Johannesburg, Hong Kong and Melbourne offices.
From its Melbourne Research and Development Centre, DST developed numerous modules to meet the specific legal and technical requirements for each location. The new modules calculate and format Swiss Res financial exposure on a quarterly and year-end basis for the Swiss Re entities that are covered under various legislation
Four new modules were developed to address North American legal reporting requirements. To accommodate Annual Statement Schedule D, used by all U.S. insurance companies to report investments, DST developed three modules. DST developed a separate module for Canadian Tax Reporting.
The global approach integrates SRAM accounting and back-office systems. Any new systems can be interfaced more efficiently for SRAM globally and available to all of the investment centres
About DST International (DST)
With 16 offices and over 1000 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 550 clients in 55 countries. Our parent company, DST Systems Inc, services nearly 8,000 mutual funds and over 80 million accounts with 2002 revenues of $2.38 billion. http://www.DSTnternational.com
About Swiss Re Asset Management
SRAM is a unit of Swiss Reinsurance Company, a leading reinsurer and the world's largest life and health reinsurer. Swiss Re is a leading reinsurer and the worlds largest life and health reinsurer. The company is global, operating from 70 offices in 30 countries. Since its foundation in 1863, Swiss Re has been in the reinsurance business. Swiss Re has three business groups: Property & Casualty, Life & Health and Financial Services. Swiss Re offers a wide range of traditional reinsurance products and related services, which are complemented by insurance-based corporate finance solutions and supplementary services. Swiss Re is rated AA+ by Standard & Poors, Aa1 by Moodys and A++ by A.M. Best.