The PRWIRE Press Releases https:// 2005-11-09T18:46:00Z DSTi Signs Global Exclusive Deal with Xenomorph 2005-11-09T18:46:00Z dsti-signs-global-exclusive-deal-with-xenomorph DST International (DSTi) today announced that it has signed an exclusive global agreement with Xenomorph to embed Xenomorph''s market leading time series data management functionality into DSTi''s Investment Data Solutions. DSTi is the leading provider of business solutions for the institutional investment management industry. This arrangement will allow DSTi to exclusively use and build upon the Xenomorph technology in the fund management market to target the convergence of front-, mid- and back-office investment data needs. Xenomorphs TimeScape technology delivers high performance storage and retrieval of mass time-series, matrix and curve data and high end instrument analytics. Behind TimeScape is the XDB, an object model database optimised to support storage, manipulation and retrieval of large scale time-series data. It provides analytic applications and plug-ins, which can make complex analytics available in other applications, including Excel. Ian Mathieson, CEO DSTi Australia and New Zealand said, The requirement for true time series data management is increasing in importance in the fund management industry. The functional silos in fund management are breaking down and the distinction between back office record keeping, mid office risk and performance and front office quant and research functions are disappearing. By embedding Xenomorphs technology into DSTis Investment Data Solutions, DSTi will be able to offer an integrated data management platform that serves the needs of the entire investment management enterprise. Greg Johnson, Xenomorphs COO, says: We are delighted to be working with such a global market leader in the asset management arena. We are convinced that the combination of DSTis expertise in fund management solutions and Xenomorphs expertise in time series data and analytics will result in the next generation of solutions that has never before been available to the institutional market. DSTi will offer the time series function in the fourth quarter 2005. About DST International (DSTi) With 19 offices and over 1300 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 600 clients in 55 countries. http://www.dstinternational.com/ About 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 DSTs advanced technology and e-commerce solutions. About Xenomorph Xenomorph is the leading provider of enterprise-wide data management and analysis solutions to the equities, fixed income, credit and derivatives markets. Xenomorph clients include global investment banks, major asset management companies and hedge funds across the worlds main financial centres, where its solutions are used by traders, risk managers, quantitative analysts, and IT and back office staff. Xenomorphs TimeScape solutions unite data management, connectivity and analysis, accelerating decision support, risk analysis and financial product innovation, all within a consistent framework that is able to meet the latest regulatory requirements. Xenomorph and TimeScape are registered trademarks of Xenomorph Software Limited. Other product and company names herein may be trademarks of their respective owners. DST International boosts Australian sales team 2005-09-06T16:00:00Z dst-international-boosts-australian-sales-team The leader in business solutions for the investment management industry, DST International has bolstered is sales force with an internal promotion and two new appointments that will allow it to more fully leverage growth opportunities from its expanded solutions portfolio. The additions to our sales force are key appointments that will add a great depth of experience and understanding of industry and customer requirements. The decision to expand our sales presence resulted from recent record levels of new business revenue and existing clients committing to many of our newer products. outlined Ian Mathieson, CEO of DST International Australia and New Zealand. The expanded sales team will focus on six key investment management solutions including Decision Support and Order Management, Investment Data Management, Investment Accounting, WRAP solutions, Wealth Management and Risk and Performance. The sales team will report directly to Nick Frolich, Director of Sales. Account Executive Brian Cahalane, who joined the organisation in 2004, has been promoted internally and given added responsibility for also managing DSTis regional Business Processes Management (BPM) opportunities following recent successes in NSW, Victoria and Tasmania. In other appointment news, joining DSTi are Sales Executive, Brad Rosenthal and Business Development Executive, Adam Ratner. Mr Rosenthal has responsibility for DSTis investment management platforms for fund accounting, risk and performance. He brings to the role a comprehensive understanding of competitive market software solutions and the needs of Australian investment organisations, gained through an industry background that includes developing new business opportunities for the investment management, wealth management, banking and stock broking sectors for FMC Software. Mr Ratner comes from his role as Business Development Manager at van Eyk Research. His background also includes business development and relationship management roles with Zurich Financial Services, Charles Schwab and Citibank. The strengthening of its Australian and regional operations reflects DSTis growth globally, with the company also enhancing its sales forces in North America and Europe this year. Key international appointments announced for the northern hemisphere included European Sales Director Hugh Evans, and Director of Sales in North America Alex Britnell, who focuses on global enterprise sales. About DST International (DSTi) With 18 offices and over 1300 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 600 clients in 55 countries. http://www.dstinternational.com About 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. South East Water wins global award for DSTi Billings HiAffinity solution 2005-09-06T15:00:00Z south-east-water-wins-global-award-for-dsti-billings-hiaffinity-solution Victorias South East Water Ltd has won a global award for its customer information system (CIS) based on DST International Billings tailored customer billing and management solution, HiAffinity. South East Water, a state-owned company, provides water and sewerage services to 1.3 million people in the south-east region of Melbourne and manages infrastructure and assets valued in excess of A$1 billion. It was awarded the Best CIS Initiative for the Asia/Africa/South Pacific region in the 2004/2005 Utility Awards for CIS/CRM Excellence. The awards are presented by the Energy Planning Network (EPN), a global consortium of utility industry participants founded in 1993. The awards are judged by a panel of utility industry peers. South East Water implemented its HiAffinity solution last year, extending its long-standing relationship with DST International Billing, the leading provider of customer management and open billing solutions to the utility industry. Winning the award is a great thrill and recognition of the value our HiAffinity customer information system delivers to our business, Peter ODonoghue, Manager Business Systems, South East Water. HiAffinity gives us a strategic tool for not just billing, but managing our business processes. It has delivered productivity improvements, cost savings and enhanced the level of customer service we provide which is a reward in itself. DST Internationals CEO Ian Mathieson added: South East Water led the way as the first DSTi Billing client in Asia Pacific to implement HiAffinity. It is fitting that they are leading the way again as the first HiAffinity customer in this region to win a major award for the value and effectiveness the solution brings to business processes and customer offerings. DSTi congratulates South East Water on their success. We look forward to continuing our long-standing partnership with them as we work together to add even more value to their business. EPNs annual Awards for CIS/CRM Excellence (ACE) Program recognises utilities for excellence in the areas of customer care, marketing, CRM, CIS and customer data integration initiatives. About DST International Billing DSTi Billing leverages well over 20 years as a market leader to provide innovative customer management and open billing solutions to the utility industries. DSTi Billings business solutions transform typical billing and customer care tasks into valuable and efficient communications, resulting in loyal customers, increased revenues and decreased expenses. DSTi Billing is a wholly owned subsidiary of DST International Limited whose own parent company is DST Systems, Inc. (NYSE: DST) headquartered in Kansas City, Missouri, USA. About DST International (DSTi) With 18 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 About 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 DSTs advanced technology and e-commerce solutions. Suncorp achieves Australian first for investment risk management 2005-08-04T14:44:00Z suncorp-achieves-australian-first-for-investment-risk-management Suncorp Investment Management has raised the bar in the measurement and reporting of investment market risk after becoming the first Australian fund manager to go live with a DST International (DSTi) risk management solution, HiRisk, that integrates value at risk into daily investment processes. The leader in business solutions for the investment management industry, DSTi implemented the Value at Risk (VAR) system to meet Suncorp Investment Managements business need to measure the financial risk of an asset, portfolio, or exposure over specified periods of time. Suncorp Investment Management has adopted a market-leading position with the implementation of DSTis HiRisk solution and has set itself apart from other Australian fund managers whom typically do not use a VAR system across the management of all asset classes. As part of its strategic improvement towards its risk management framework, Suncorp Investment Management will be employing HiRisk for a total portfolio perspective across a wide range of asset classes including Australian equities, Australian fixed interest, international equities and fixed interest, listed property trusts, cash and derivative securities. Suncorp Investment Management is a wholly owned subsidiary of Australias sixth largest bank and one of the leading four general insurance groups, Suncorp-Metway Ltd. Suncorp Investment Management is responsible for the wholesale investment management activities of the Suncorp Group, which has total assets of $40 billion and more than $11.5 billion funds under management. The web-based HiRisk platform gives Suncorp Investment Management a system for powerful, flexible and clear reporting of market risk to increase business performance. It has enabled the company to firmly entrench value at risk in its investment processes and provide a more thorough form of investment risk management for its investors. Suncorp Investment Management now has greater ability to help clients develop or review client mandates using a value at risk approach. Clients can consider the amount of risk implied in their investment mandate, resulting in a better understanding of risk versus return. This implementation breaks new ground in the Australian funds management marketplace, with Suncorp the first to work with DSTi on a system that puts value at risk at the heart of its daily investment processes, DST International Chief Executive Officer Australia and New Zealand Ian Mathieson said. The HiRisk solution sets Suncorp apart from other funds managers by providing a centralised and structured framework to support its risk management operations. It is now able to effectively measure, evaluate and report risk both on an absolute basis and against client mandated benchmarks. Suncorp Investment Management can produce a broad range of risk measures that can be tailored to any investment strategy. It captures the characteristics of both the normal and abnormal market behaviour, assisting analysis of both expected and unexpected risks. The system sets and monitors value at risk limits on a daily basis to ensure Suncorp trades within its risk tolerance levels and provide patterns or indicators of risk for individual portfolios. HiRisk is central to a new value at risk culture in our business, Suncorp Investment Management General Manager Maurice Kluge said. It has given us a common and consistent approach to measuring, managing and controlling risk across a wide range of asset classes from a total portfolio perspective to improve the reporting and communication of risk. The new system allows us to improve risk measurement on behalf of our customers in a highly disciplined and quantitative manner across our portfolio of investments and securities. It has the flexibility to respond quickly and easily to change, and is a robust solution our customers can rely on to perform to their expectations. The solution enables scenario-based analysis of investment portfolios based on sophisticated risk models including both user defined and/or historical, Monte Carlo and deterministic-based scenarios, such as stress testing for scenarios including the October 1987 crash or the Asian Bond market crisis. About Suncorp Investment Management Suncorp Metway Investment Management Limited ("SMIML") is a wholly owned subsidiary of Suncorp-Metway Ltd and is responsible for the wholesale investment management activities of the Suncorp Group. SMIML currently manages over $11.5 billion in funds (as at 30 June 2005) covering superannuation, investment funds, general insurance and life insurance and is currently a fund manager for Suncorp Life and Superannuation Limited, Suncorp Metway Insurance Limited and GIO General Limited. SMIML's range of wholesale investment products and services are individually tailored to suit our client's investment needs within defined and agreed levels of risk. Clients generally include corporate superannuation funds, general insurance companies, institutions, master trusts and corporate investors. Products and services include individually managed portfolios, unit trusts, a pooled superannuation trust and derivative overlay product, covering investment in domestic and world asset classes including cash, fixed interest, equities and listed property trusts via sector specific or diversified investment options. About DST International (DSTi) With 18 offices and over 1300 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 600 clients in 55 countries. http://www.dstinternational.com About 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. Retirement Benefits Fund of Tasmania selects DSTi STP solution for mission critical workflow infrastructure project 2005-07-28T17:32:00Z retirement-benefits-fund-of-tasmania-selects-dsti-stp-solution-for-mission-critical-workflow-infrastructure-project DST International (DSTi), a leading provider of investment management and Business Process Management (BPM) solutions, today announced that Retirement Benefits Fund (RBF) of Tasmania has selected its automated workflow solution, AWD. RBF will begin implementation of the AWD system in September 2005, gaining automated processing benefits for both staff and members. RBF is Tasmanias public sector superannuation fund and has been Tasmanian-owned and operated since it was established in 1904. Membership is available to people working on a casual, contract, permanent or temporary, full or part-time basis for a Tasmanian public sector employer and their spouses. In 2004, the Fund recognised the need to improve the management of its current business processes and undertook a thorough and highly competitive review of all possible business process management solutions, finally selecting DSTis integrated AWD solution. The improved business infrastructure will facilitate a system able to scale to meet increased administrative processing demands for funds under management in the future. We realised that we needed to implement new cutting-edge technology across the business to better focus our staff on high value actions, management on the true cost of doing business and improve our commitment to our customers with enhancements such as self-service website capabilities. Our selection of DSTi we believe is in line with our business objectives - namely providing a great return on investment for our members. We are glad to say that at the end of an exhaustive twelve month evaluation process they are the right fit for our business, said Simon Gilles, CEO, Retirement Benefits Fund. The implementation of the AWD solution transforms each letter, email, fax or phone call received into a format that is easily accessible by all RBF staff, and then with the incorporation of straight through processing (STP) greatly reduces the manual processing of paper documents within the organisation. By automatically routing routine work it frees up staff to focus on providing a higher quality experience for members, improves the quality and timeliness of information being provided to management and provides more information about each member each time they call reducing waiting times and improving member care. According to Ian Mathieson, CEO of DSTi Australasia, This fully integrated solution allows organisations to become more efficient, more accountable and more cost effective. Upon implementation of AWD, RBF will reduce duplication and costs through extensive process automation and work management, the fund manager will understand and stay ahead of operational issues thereby allowing it to make immediate and appropriate improvements to its business where necessary, he concluded. AWD is the most popular BPM solution globally (Gartner Group 23 January 2004). It is a comprehensive BPM solution that offers extended enterprise support, streamlines processes, integrates application systems and provides real-time business intelligence. AWDs integrated capture services manage all information channels, including paper, fax, text, voice, web, data from files, messaging interfaces and others. The open and modular solution easily integrates with existing business systems, as well as the entire DSTi product range, MS Office products, IBMs Websphere Suite, the web, and many other applications. About DST International (DSTi) With 18 offices and over 1300 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 600 clients in 55 countries. http://www.dstinternational.com About 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. Heng An Standard Life Go Live on DSTi's Investment Accounting Solutions, HiPortfolio/3, in China 2005-07-26T14:25:00Z heng-an-standard-life-go-live-on-dsti-s-investment-accounting-solutions-hiportfolio-3-in-china DST International (DSTi), the leader in business solutions for the investment management industry, announced today that Heng An Standard Life, the joint venture between Standard Life and TEDA Investment Holding Corporation with a registered capital of RMB1.302 billion, have gone live with DSTis Investment Accounting Solutions HiPortfolio/3 - for its investment management and accounting functions. The system is multilingual, allowing each individual user to choose to view the system in Simplified Chinese or English. DSTi introduced this functionality in 2004 and it was developed out of the companys Melbourne Research and Development Centre. DSTi has spent 18 months - 3000 man days of R&D investment for China in order for its products to support the instrument behaviour unique to the Chinese market. Realising the need for local support, DSTi also opened an office that offers sales, consultancy and product support back in February 2003 to demonstrate its absolute commitment to the country. Sean Lewis, Heng An Standard Life's chief accountant said, We chose DSTis Investment Accounting Solutions for several reasons. We wanted the service to be of international standard, but it had to demonstrate the ability to handle the unique domestic Chinese requirements. It needed to also be future proof in terms of being able to meet the changing requirements of the China market and the readiness to handle complex instruments in the international market. We are pleased that we chose DSTi because of the professionalism of the consultants and that they were able to share their experience with our staff. See Jong Toi, Heng An Standard Life's general manager said, Whilst we have taken the strategic view of deploying systems with international standard, it was equally important to us that the vendor we choose must have a strong commitment to the China market. We chose DSTi because they are clearly committed to the Chinese market. They have set up a local office that includes the infrastructure to provide professional and support services in China. They invested R&D for the China market on their own initiative, which is evident by the multilingual abilities of DSTis Investment Accounting Solution. Ian Mathieson, DSTis CEO for Australia and New Zealand, said, DSTi identified China as being a key market; this is why two years ago we made the crucial investments to make the business a success. We opened the office and searched for the right calibre of people to staff it. We also decided then to undertake the additional development necessary to make DSTis Investment Accounting Solution available in Simplified Chinese and modified its software to handle Chinas tax and accounting and brokerage requirements. Combined, these things made the implementation of our solution into Heng An Standard Life simple and straightforward. About Heng An Standard Life Heng An Standard Life is a joint venture between Standard Life and TEDA Investment Holding Corporation. Founded by The Standard Life Assurance Company and Tianjin TEDA Investment Holding Co., Ltd, Heng An Standard Life has headquarters in Tianjin and a registered capital of RMB1.302 billion. About DST International (DSTi) With 18 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 About 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 DSTs advanced technology and e-commerce solutions. UK's first Wrap solution, Lifetime launched courtesy of DSTi Australian technology 2005-05-26T19:38:00Z uk-s-first-wrap-solution-lifetime-launched-courtesy-of-dsti-australian-technology A technology platform emanating from Australia is revolutionising the UK investment marketplace following the launch of the DST International (DSTi) Wrap solution which offers Wrap programs and Managed Accounts. DSTi, a leading provider of business solutions for the investment management industry, announced recently that the Lifetime Group of Companies (Lifetime) has gone live with the DSTi Wrap solution, HiWealth. The service comprises of DSTi's HiWealth front and middle office investment management solution, AWD DSTi's business process management solution, HiPortfolio DSTi's portfolio administration and fund accounting solution, and HiWay DSTi's data transformation, messaging and internal systems integration solution. DST International Australia and New Zealand Chief Executive Officer Ian Mathieson said the company's experience in Australia's more mature investment management market, where multi-manager distribution platforms are an integral part of the investment landscape, was key to Lifetime selecting DSTi. "The in-depth understanding we have of the ever evolving Wrap scene here in Australia was recognised by Lifetime when it came to selecting a partner who could deliver the goods. DSTi is not simply a technology company we are a true business partner with a sound level of understanding of investing and how advanced business solutions revolutionise investment infrastructure," he continued. "We have had a dedicated team of consultants and developers working with Lifetime's Australian-based Wrap team and the results are now changing the face of the UK's investment marketplace. However the initial deployment is just the beginning of what we believe will be an ongoing Australian success story. This first rollout has set the stage and we believe other providers will follow suit and adopt DSTi Wrap solutions," concluded Mathieson. According to Mike Winn, DSTi Group Chief Executive Officer, "DSTi is delighted to be Lifetime's technology partner for this innovative offering. Lifetime's Wrap (The Bigger Picture) utilises existing DSTi industry-leading application software together with our proven work management solutions and a bespoke Lifetime front-end to meet the needs of Lifetime, the IFA's and their clients. DSTi believes that Wrap will be an important part of the UK investment community." Jeremy Bradburne, Lifetime Group's CEO, also commented: "There is no doubt that Wrap services are going to play a major part in the future of the UK advisory market. We believe that The Bigger Picture offers a simple, attractive Wrap solution designed firmly with the needs of both client and adviser in mind. Having the skills and experience that DSTi brings, behind our core technology means we can look forward with confidence as the UK Wrap industry develops and our business grows in the future." Lifetime will offer a range of retail investment products in the UK, designed for the mass affluent customer segment, which will be offered through advisers and distribution groups. They include three 'tax wrapper' types of products and one 'non-tax-advantaged' wrapper: Self-Invested Pension Plan (SIPP) Individual Savings Account (ISA) Personal Equity Plan (PEP) General Investment Account The system allows investors to subscribe cash and invest in the full range of asset types supported by the Lifetime system, with low lump sum and regular contribution level limits. All four account types will allow both cash and in-specie transfers. The client/advisor will be able to record personal assets other than those mentioned in the three products. The system will record the assets, but not do any calculations based on the assets. The investor or their adviser can receive consolidated portfolio reports across all their investment funds and products via the external information and enquiry system. The Lifetime Wrap solution was a co-development project between DSTi software developers, analysts and developers from Lifetime and was completed in Australia. The project was responsible for integrating the various DSTi solutions, AWD, HiWay and HiPortfolio into the front end system known as HiWealth in Australia. About DST International (DSTi) With 18 offices and over 1300 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 600 clients in 55 countries. Through local offices in Sydney, Melbourne and Wellington, the company employs almost 200 staff in its sales, development, client services and support divisions. Responsible for hosting the global development centre for the company's flagship product, HiPortfolio/3 and HiTrust, DST International solutions can be found in over 100 client sites in Australia and New Zealand. Current Australasian clients include AMP, ANZ, Commonwealth Bank of Australia, Credit Suisse, ING, JB Were, JP Morgan, Macquarie Bank, Merrill Lynch, National Australia Bank, NRMA, Royal Bank of Canada, Royal & SunAlliance, State Street, Suncorp Metway, Tower Life, Vanguard and Zurich. http://www.dstinternational.com About 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. About Lifetime Group The Lifetime Group's wrap proposition The Bigger Picture will provide a consolidated investment and asset management service enabling effective asset allocation and fund selection. Available to investors exclusively through financial advisers, it will allow them to access a consolidated view of their assets and liabilities through a single web-site, thereby creating an overall wealth picture and giving them a new way of managing their money. The Bigger Picture is powered by technology from DST International (DSTi), a leading global provider of software to financial institutions and the largest processor of mutual funds in the world. This gives Lifetime a proven technology solution which is both scaleable and robust and is already responsible for the administration of billions of dollars of client assets around the world. The Lifetime Group was formed in 2002 to develop a new kind of financial advisory solution for the UK market and is headquartered in Cambridge. Brisbane Water goes live with DSTis HiAffinity customer billing and management solution 2005-04-11T15:07:00Z brisbane-water-goes-live-with-dstis-hiaffinity-customer-billing-and-management-solution Brisbane Waters 400,000 residential and commercial customers are benefiting from a more intuitive customer service solution which streamlines processing times for complex client requests. This migration to HiAffinity has been extremely smooth and we expect that Brisbane Water will achieve significant quality and productivity improvements," said Mr Ian Mathieson, Chief Executive Officer, DST International. "With higher integration of automated business processes in Brisbane Waters day-to-day customer dealings, the organisation can also expect meaningful cost savings. "In previous experience with similar Australian entities, these new solutions from DSTi have produced cost savings of up to 35%. "Brisbane Water will derive significant immediate staff productivity benefits from HiAffinity's customised Call Centre contact screens, while an established long-term software development program will enable Brisbane Water to better tailor its billing solutions," Mr Mathieson said. Using HiAffinitys Business Rules Engine will allow Brisbane Water to dynamically alter the system functions to accommodate new business requirements. In a 48-hour period, Brisbane Water integrated the HiAffinity core module, Customer and Billing system, as well as its Business Rules Engine (BRE) with the organisation's substantial customer database. DSTis BRE ensures that Brisbane Water staff and customers have access to a highly functional system with minimal need for additional software development. Moving forward, Brisbane Water will consider evaluating other HiAffinity web-based modules to optimise the self-service functionality of the organisation's account management and billing software. HiAffinity is a DSTi Billing solution and is marketed and distributed locally through DST International. Brisbane Water selection of HiAffinity follows the successful implementation of the customer information system with Victorias South East Water Limited. About Brisbane Water Brisbane Water is a commercialised business unit of Brisbane City Council, providing water and wastewater services to over one million Brisbane residents and 34,000 commercial and industrial customers including community facilities schools and hospitals. Employing around 900 staff, Brisbane Water manages over $5 billion worth of natural and built assets and supplies bulk water to six surrounding local authorities in addition to specialist consultancy and contract services to the water utilities industry, Australian and international business partners. About DSTi Billing For over 25 years, DSTi Billing has led the market in providing innovative customer management and open billing solutions to the utility industries. DSTi Billings' business solutions transform typical billing and customer care tasks into valuable and efficient communications, resulting in loyal customers, increased revenues and decreased expenses. DSTi Billing is a wholly owned subsidiary of DST International Limited. About DST International (DSTi) With 18 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 About 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 DSTs advanced technology and e-commerce solutions. Reserve Bank of Fiji to implement HiPortfolio/3 from DST International 2004-11-23T19:19:00Z reserve-bank-of-fiji-to-implement-hiportfolio-3-from-dst-international DST International (DSTi) the leader in business solutions for the investment management industry and business process management today confirmed that the Reserve Bank of Fiji plan to implement the companys flagship back-office solution, HiPortfolio/3. The conversion will see Fijis central bBank move to DSTis global platform for fund administration and accounting in early 2005. We have been successfully relying on the DSTi Impart/2 solution since 1998 to manage our foreign currency assets, outlined the Deputy Governor of the Reserve Bank of Fiji, Mr Savenaca Narubeda Reddy. Our foreign currency assets such as bank accounts; term deposits; foreign exchange transactions and foreign securities; including discount securities, bank bills and government bonds have all been processed on a monthly basis with DSTi technology to date. We have chosen to convert to HiPortfolio/3 to provide a new level of automation for primarily our settlements team and will further assess the merits of incorporating HiPortfolio/3 into our reporting functions for our middle office, Mr Narube concludedcontinued. For the Reserve Bank, they will expect to achieve better analysis, reporting and management to markets data, including an improvement in scenario-based forecasting with the implementation of HiPortfolio/3. We have already noticed during the training of our team with DSTi that we can attain process improvements such as enhanced designing of reports and selection printing that is now capable of reducing the unnecessary level of accounting information we have been printing in the past. There is more flexibility in the HiPortfolio/3 solution which will provide greater support service for our business goals, Mr Narube concluded. We are pleased to see that the global rollout of HiPortfolio/3 is continuing in the South Pacific, commented Ian Mathieson, Chief Executive Officer, DST International. Our commitment to our customer base in the Asian and South Pacific regions takes into account the automation of fund management accounting and administration for multi-currency environments and this includes our Fijian customer base. We look forward to further assisting the Reserve Bank with its task of providing a sound financial infrastructure for the people of Fiji, he concluded. About DST International (DSTi) With 18 offices and over 1300 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 600 clients in 55 countries. http://www.dstinternational.com About 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 solutiions. Fiji National Provident Fund completes conversion to DSTis HiPortfolio/3 2004-11-23T19:12:00Z fiji-national-provident-fund-completes-conversion-to-dstis-hiportfolio-3 DST International (DSTi) the leader in business solutions for the investment management industry and business process management announced today that the Fiji National Provident Fund (FNPF) has continued its ongoing technology relationship with DSTi and converted to HiPortfolio/3, the companys global platform for fund accounting. HiPortfolio/3 will provide ongoing automation improvements for the administration of FNPF main fund and the voluntary Share Investment Scheme (SIS), which is managed by the wholly owned FNPF subsidiary, FNPF Nominees. Fiji is home to over 880,000 residents, living within an archipelago of 332 islands. The Fiji National Provident Fund was established in 1966 to provide financial security for workers when they retire at age 55. The FNPF also provides for permanent incapacity, and survivor's benefit in the event of death. In 2002 we worked in partnership with DSTi to ensure that the investment we made in our technology infrastructure would stand us in good stead for the future. We chose one of the predecessor solutions to HiPortfolio/3 and it was successfully implemented. We have now converted to the latest platform technology from DSTi, HiPortfolio/3, to ensure that we maintain a level of internal business improvements, particularly in the area of performance reporting, ease of use, information security and electronic transaction inputs. We rate HiPortfolio as a proven solution, outlined Mr Winston Chan, Chief Technology Officer of Fiji National Provident Fund. Chan continued, Our goal at the time was to select a business partner that could provide a solution with rich functionality that met our business requirements and we feel that DSTi has been able to do that. We still believe that the value-add of working with DSTi rings true they understand the world of finance and investment and therefore really speak our language. As our business develops we expect to continue to invest in technology upgrades. This means for FNPF once we have implemented HiPortfolio/3 we are looking to further enrich the functionality of the system, capitalise on the new process improvement opportunities, expand our reporting capabilities and consider more integration with other systems to add and extract more value with the HiPortfolio investment platform. We believe that this will help us achieve our ambitious strategic investment objectives, Chan concluded. To date the FNPF Investment team has relied on DSTi solutions for its Investment Funds portfolio, recording all transactions and providing a variety of performance reports for management and the investment team. FNPF Nominees has utilised the system to record individual share purchases by FNPF members with provident fund assets, expenses and any profits or losses incurred as a result of share trading activities, bonus issues or dividend payments. Individual reports are produced for each FNPF member, carefully explaining the value of their shareholdings and an annual profit and loss statement. The earlier implementation of DSTi fund accounting solutions greatly improved the processing capabilities for the FNPF team and by converting to HiPortfolio/3 we feel confident that we can continue to help FNPF further improve their administration and reporting capabilities, allowing them to focus on the business of trading, market analysis and asset class performance instead, commented Mr Ian Mathieson, Chief Executive Officer for DST International Australia and New Zealand. FNPF has joined another of DSTis Fijian customers, The Reserve Bank of Fiji, with its decision to convert to HiPortfolio/3. The implementation of the HiPortfolio/3 platform will be complete in November 2004. HiPortfolio/3 is DSTis strategic transaction processing and investment accounting solution. HiPortfolio is used by over 250 organisations in 32 countries worldwide. Its flexible nature and truly multicurrency and multi-instrument capability allow it to support different types of business on a single system. About DST International (DSTi) With 18 offices and over 1300 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 600 clients in 55 countries. http://www.dstinternational.com About 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. Global Custodian implements DSTis HiPortfolio International Accounting Standard modules in Australia 2004-11-16T16:43:00Z global-custodian-implements-dstis-hiportfolio-international-accounting-standard-modules-in-australia DST International (DSTi), the leader in business solutions for the investment management and business process management industry today announced that RBC Global Services, a division of Royal Bank of Canada, has selected HiPortfolios new International Accounting Standards (IAS) modules for its Australian investment management operations. The modules include the Multi-View Accounting module, Classification of Assets module, Interportfolio Transfers module and the Preference Shares module. Following the implementation of new International Accounting Standards effective 1 January 2005, the modules will assist RBC Global Services with the new dual accounting and reporting requirements, as well as further management of share portfolios for its customers. Built in DSTis Melbourne Research & Development Centre with input from DSTis clients around the globe, the RBC Global Services implementation is a first for Australia. The development was fully funded by DST International. As a result of the implementation of the IAS modules, RBC Global Services will be well prepared to support its clients with their global accounting and reporting needs. The HiPortfolio International Accounting Standards modules will assist RBC Global Services in replicating current records into the new Standards format and introducing new levels of functionality for share transfers and additional calculations. According to Ian Mathieson, Chief Executive Officer of DST International Australia and New Zealand, RBC Global Services has continued to adopt DSTis advanced HiPortfolio solutions into its business offering as they are a strong contributor to RBCs technology innovation. A benefit for implementing the DSTi International Accounting Standards modules is that they are available now and can be implemented with minimum future disruption. This will see RBC Global Services fully set up for the introduction of new International Accounting Standards for business next year. Further, with new enhancements it will provide greater flexibility in processing shares within portfolios, allowing for different accounting methods to be applied if need be and more intricate calculation and processing of preference shares, said Mathieson. RBC Global Services currently uses DSTis world class portfolio management system, HiPortfolio, and business process management system, HiBPM. About DST International (DSTi) With 18 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 over 600 clients in 55 countries. http://www.dstinternational.com About 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 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 DSTs advanced technology and e-commerce solutions. Australian Developed Investment Management Software Continues Global Expansion 2004-10-18T15:11:00Z australian-developed-investment-management-software-continues-global-expansion DST International (DSTi) - the leader in business solutions for the investment management industry outlined today that its Australian developed flagship solutions, HiPortfolio/3 and HiTrust continue to make inroads into the global investment management marketplace with new implementations in African and UK client sites. MedInvest South Africa, Asset & Resource Management Company in Nigeria, Cavendish Asset Management and Daiwa SB Investments in the United Kingdom have all recently selected to adopt the companys back office processing and fund accounting solution, HiPortfolio/3. Asset & Resource Management Company has also selected HiTrust to maintain its position as a leader in the West African investment sector. According to Ian Mathieson, Chief Executive of DST International Australia, This continued penetration of the global investment market proves that Australian-developed financial software is truly world-class. We have adapted our solutions to support diverse business practices across a wide range of markets and this new round of announcements confirms that our annual multi-million dollar investment in investment technology is extremely worthwhile. DSTi currently employs almost 200 staff in its Melbourne Development Centre, where software development experts are responsible for the ongoing development of HiPortfolio/3, HiTrust and OpenMessenger; testing for HiNet (DSTis back office accounting engine for the US market) and global technical and compliance support. About DST International (DSTi) With 18 offices and over 1300 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 600 clients in 55 countries. http://www.dstinternational.com. DST International expands its Asian team 2004-09-29T16:47:00Z dst-international-expands-its-asian-team DST International (DSTi) the leader in business solutions for the investment management industry today announced that it has expanded its Asian team. Rhonda Lepsch, DSTis Asian CEO, said, This is an exciting time for DSTi in Asia. We are experiencing significant growth in both our client base and staff. The quality of our products and the successes we have enjoyed over the years have made DSTi an attractive place to work and are delighted with the high calibre of professionals we now have on our staff . We now have extensive coverage in the Asia region with offices in Singapore, Indonesia, Thailand, Hong Kong and Shanghai. As evidenced in our latest hiring of Ian Baldwyn and Fran Thompson, DSTi is able to attract the very best in the market. Its because we have the very best of the best, that we are able to maintain our position as the leading provider of solutions for the investment management industry. Ian Baldwyn joins DSTi as general manager for South Asia. Though based in Singapore, his responsibilities will also include Malaysia, Indonesia, India, Sri Lanka and Brunei. He comes from Bloomberg, where he was the regional sales manager based in Singapore. Before that Mr Baldwyn was the project director for Odyssey Asset Management Systems. Fran Thompson joins DSTi as business development manager for Asia. Ms Thompson comes from Thomson Asia, where she was the product director for the Investment Management group. Prior to that she was the general manager of Thomson Financial First Call Asia and before that she was the regional sales manager for First Call. About DST International (DSTi) With 18 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 over 600 clients in 55 countries. http://www.dstinternational.com About 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 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 DSTs advanced technology and e-commerce solutions. DSTi to open a new Jakarta office 2004-09-09T15:27:00Z dsti-to-open-a-new-jakarta-office DST International (DSTi) the leading provider of business solutions for the investment management industry, announced today that it will open an office in Jakarta on 1 October. The office will include a dedicated sales team, a professional services group and a support centre. The professional services group is an experienced team of Indonesian and English speaking professional services consultants. The Jakarta Support Centre and Help Desk is multilingual and is staffed with both experienced product and technical experts. Mike Winn, DSTis CEO, said, Now is the time for DSTi to take advantage of our already strong presence in Indonesia. As leaders in the market, our Jakarta office will offer a complete service to our Indonesia clients. It will not only have a sales team, but also the support to back them not only with a help desk, but with a professional services group as well. The consultants will implement DSTis products. DSTi ensures that only the highest-quality solutions are delivered to our clients. Our consulting services cover training, implementation, development, application support and technical consultancy. We already have fully functioning Asian offices in Hong Kong, Bangkok, Shanghai and Singapore. About DST International (DSTi) With 18 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 About 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 DSTs advanced technology and e-commerce solutions. Suncorp Group automates cash processing for wealth management with DSTI's hiportfolio 2004-09-07T15:40:00Z suncorp-group-automates-cash-processing-for-wealth-management-with-dsti-s-hiportfolio DST International (DSTi), the leader in business solutions for the investment management industry today announced that integrated financial service group Suncorp, with over $11 billion funds under management, has expanded its HiPortfolio platform to include the modules for Cash Import and Export procedures. Suncorp will be using the HiPortfolio IDX Money Market Transaction Import module, the IDX Cash Transaction Import module and the Off-Market Transaction Import module to import the cash movements associated with the Banks wealth management products and futures transactions. Suncorp has been a user of the DSTi flagship HiPortfolio solution for portfolio administration for 15 years for its wealth management arm. The company has also been an integral member of the DSTi Advanced Users Group in which DSTi provides a co-operative funding scheme for the ongoing development of Australian-based solutions for its HiPortfolio suite and additional product range. Suncorps Investment Operations Manager Michael Nightingale said the group had come to rely on the functionality of HiPortfolio over the years. The increased use of HiPortfolio in our wealth management administration platform has produced outstanding results for us already, Mr Nightingale said. The addition of the new modules has resulted in two to three hours of reduced processing time for the management of our capital and money market transactions on a daily basis. This is another example of the success of the functionality, reliability and modularity of the HiPortfolio platform, outlined DSTis Chief Executive Officer for Australia and New Zealand, Ian Mathieson. Clients can be secure in the knowledge that their investment in HiPortfolio will remain not only a long term business solution option, but it will also keep pace with the changing requirements and advances for both financial services business and technology. Suncorp-Metway Ltd is one of Australia's top 30 companies and is Queensland's biggest corporation with a market value of around $7 billion. The Suncorp Group is Australia's 6th largest bank and 3rd biggest general insurance group. About DST International (DSTi) With 18 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 About 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 DSTs advanced technology and e-commerce solutions.