DST Global Solutions has completed the rebranding of recently acquired superannuation administration expert, Bluedoor Technologies, and its product range in Australia.
The wealth management platform previously known as Wealth.net, will now be offered to the industry as the DST Global Solutions' Bluedoor platform.
Ian Mathieson, DST Global Solutions' CEO for Australia and New Zealand said, "The incorporation of the Bluedoor platform into our branded product family is a logical extension of the acquisition process. With our market-leading position in funds management administration, we have for some time focused on extending our knowledge to the specialist area of superannuation administration. This acquisition allows us to focus on the challenges in this sector and continue to build overall market expertise. We are now moving forward with technology developments to see that the industry gains the benefit of our business insight and advanced solutions."
Arun Sarwal, CEO for Investment Management Solutions at DST Global Solutions, said, "We are very pleased with the progress made to date, and anticipate that the Bluedoor platform will play an important role in our success next year as we extend our offering into superannuation administration. We believe that there will be significant opportunities in this area and we are now well positioned to capitalise on this."
Since the acquisition, DST Global Solutions has almost doubled the number of staff focused on the development and implementation of its Bluedoor platform both in Australia and internationally.