Source: DST International
DST International (DSTi), a leader in business solutions for the investment management industry - announced today that Banco Comercial de Macau (BCM) has completed the implementation of DSTi's mutual fund administration system - HiTrust.
BCM bank is one of the leading banks incorporated in Macau. Since its establishment in 1974, BCM bank has been serving its local customers and working for the development of the Territory's economy by supporting its main infrastructural investment projects and being traditionally involved in trade finance. BCM bank became a member of the Dah Sing Group following the completion of the acquisition of BCM by Dah Sing Bank Limited on 19 December, 2005.
As a leading provider of investment funds in the Hong Kong market, Dah Sing Bank offers a wide range of funds to its customers, through its lump sum and saving plan investment services and is also using DSTi's HiTrust system.
Ms. Felicia Leong, Deputy General Manager of BCM said, "By leveraging the successful implementation of HiTrust at Dah Sing Bank and DSTi's experienced professional services, BCM has rapidly implemented HiTrust to support its wealth management business. HiTrust provides a highly flexible business data framework with a rich set of functionality including complex fees calculations and comprehensive reporting capabilities. We were able to easily configure the system to support our business model. We are excited about the growth in the wealth management market in Macau. Using HiTrust to support our operations both at the branches and in the back office, BCM is now well positioned to capture the market opportunities."
Rhonda Lepsch, CEO for the Asia Pacific region at DSTi said, "We are truly delighted to welcome BCM as DSTi's first client in Macau. Dah Sing Bank has gained a reputation as one of the most progressive and innovative financial services groups in the Asia region. We are very pleased that the Dah Sing group of companies have selected DSTi's HiTrust solution to support their business expansion in the region. With the accelerating growth of personal wealth in Asia, one of DSTi's primary objectives is to provide solutions to the mutual fund and wealth management industries in Asia and toa and to support the increasingly sophisticated and high volume processing requirements that are associated with this rapid growth."