Australian Unity Investments deploys DSTi technology

Source: DST International

DST International (DSTi), a leader in business solutions for the investment management industry, confirmed today that Australian Unity Investments (AUI) has successfully implemented the DSTi front and middle office investment administration solutions for its in-house investment management operations and joint venture arrangement with Platypus Asset Management (Platypus).

The front and middle office solutions from DSTi have helped improve the automation of business processes for portfolio management, validation, performance and reporting requirements whilst providing the capabilities designed to minimise levels of trading risk.

For AUI's Chief Operating Officer, Mark Pratt, the implementation period presented the opportunity to study in detail existing operational processes and the continued automation of business improvements.

Mr Pratt said, "We selected DSTi for its ability to provide investment management solutions that were truly focused on business outcomes rather than information technology improvements. With these solutions now incorporated into our daily business activities, we have a stronger control environment across a range of actions for both our in-house investment operations and joint venture arrangement with Platypus".

The solutions implemented by AUI now automate and report on modelling, dealing, pre- and post-trade compliance, performance measurement and attribution, unit pricing validation, and client reporting.

AUI has already experienced meaningful efficiency gains in both the daily unit price validation process and implementation of fund rebalancing trades, as a result of the implementation.

Mr Ian Mathieson, DSTi's CEO for Australia and New Zealand, said, "This is a timely incorporation of DSTi technology for Australian Unity Investments. Within the current economic climate, organisations continue to seek an increased return on investment on business and technology enhancements. With this implementation not only are there demonstrable immediate improvements, there is also a roadmap for greater levels of business control in the future".

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