Source: DST International
DST International (DSTi), a leader in business solutions for the investment management industry, today confirmed Becton Property Group's Investment Management business (Becton) intends to implement its HiPortfolio Unit Pricing solution.
The incorporation of HiPortfolio Unit Pricing is expected to facilitate a more proactive management of unit pricing and best-practice market discipline for the diversified property group.
Becton is a listed Australian diversified property group with a strong record in property development and construction, property funds management and retirement village ownership and operation.
For Becton's head of funds management, Matthew Chun, the selection of DSTi's HiPortfolio Unit Pricing solution was in response to the search for a robust system to leverage continued rapid business growth and one that could manage the required regulatory framework.
"DSTi's unit pricing solution is capable of providing us with the rigour that our investment processes demand. We target strong returns for our investors and are very active managers of property assets. We believe that the implementation of this solution is a signal to our investors and other stakeholders that we are a responsible and pro-active manager of money," he commented.
The HiPortfolio Unit Pricing solution from DSTi is expected to contribute to improved business processes designed to provide a consolidated view of unit pricing functions from start to finish. The solution is designed to enable reports to be generated instantly upon query, facilitating an immediate check of price calculations.
"Another attraction of selecting the HiPortfolio Unit Pricing solution is DSTi's local support. With the Melbourne Development Centre around the corner, and the added plus of the modularity of solutions that we can incorporate as our business further develops, we feel that we have selected the most appropriate solution for our business," said Mr Chun.
For DSTi's CEO for Australia and New Zealand, Ian Mathieson, the win adds another new client to the company's client list.
"This has been an interesting win for DSTi as it is the modularity of HiPortfolio and yet our thorough understanding of the entire Australian funds management sector that has resulted in another boutique manager win," he outlined.
"We developed and launched this solution for the local marketplace roughly twelve months ago and it is positive that investment managers now rate it as a stand-alone solution to run alongside their current administration systems," Mathieson concluded.