PT First State Investments goes live with DSTi's HiPortfolio/3

Source: DST International

DST International (DSTi), a leader in business solutions for the financial services industry announces today that PT First State Investments Indonesia (FSI Indonesia) has gone live with the implementation of HiPortfolio/3, the leading investment management platform, as its core portfolio administration system.

PT First State Investments Indonesia is a wholly-owned subsidiary of Colonial First State - Global Assets Management (CFS-GAM), which was formed in Australia in 1988. The highly respected fund management company provides regional equity and bond investment expertise into the overall global investment team and offers a full range of products to Asian investors. These include unit trusts, mutual funds and institutional portfolios covering global and Asian equity and fixed income portfolios.

"HiPortfolio/3 is the favoured platform for managing our portfolios, and our view is that it will become the long-term solution of choice for the industry in Indonesia," said President Director Legowo Kusumonegoro of FSI Indonesia. He added "This new version provides improved reporting throughout the business and will assist us in the integration of information flow between all our other software systems."

Rhonda Lepsch, DSTi's CEO Asia, said, "We are delighted that FSI Indonesia have selected HiPortfolio/3 as their strategic solution for portfolio management and are certain that HiPortfolio/3 will assist FSI Indonesia to further strengthen its position as a market leader. DSTi is highly committed to the Indonesian market and we have just recently opened our new office in Jakarta. PT DST International (Indonesia) will provide local sales, consultancy and support services to our Indonesian clients across all of DSTi's solutions. We are also very excited about the future potential of the Indonesian market, especially given the recent positive economic advances that have been made in the country."

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