Malaysia's Great Eastern Life licenses Princeton portfolio management platform
Princeton Financial Systems' newest Asian client, Great Eastern Life Assurance, based in Kuala Lumpur, has licensed the PAM portfolio management and accounting system.
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PAM will replace DST's Impart and Corporate Bond System. PAM was selected for its ability to meet Great Eastern's functional requirements and its ability to integrate with other corporate systems.
Great Eastern is the oldest and largest insurance company in Malaysia, providing its customers with financial planning, financial protection, and savings. They will use PAM to manage, process, account for and report on all aspects of their RM 20 billion investment portfolio. It is Princeton Financial's first Malaysian client.
"We are honoured to have been selected," said Andrew Sehulster, Princeton Financial Systems' Managing Director Asia/Pacific. "We believe that Great Eastern's selection of PAM is a testament not only to its ability to meet the needs of the market, but also the calibre of the relationships Princeton Financial has with its clients. We are pleased to have Great Eastern as a client and are excited about the opportunities in Malaysia."