National Custodian Services of Australia switches to DSTi's HiPortfolio/3

Already a long term HiPortfolio client, NCS' conversion to HiPortfolio/3 will provide further processing enhancements including increased access to data, improved internal and external integration, and potential for upgraded online client reporting.

Peter Kempster, National Custodian Services' general manager, confirmed that the conversion to HiPortfolio/3 demonstrates the significant commitment NCS maintains in the Australian Custody, Master Custody and Investment Administration market. "Servicing a client base of over 300, representing $350 billion in assets under custody and administration requires a serious commitment to advanced technologies, such as HiPortfolio/3. This matches our commitment to staying ahead of our competitors and is a key component of our strategy of providing the best service to the Australian marketplace."

Mr. Ian Mathieson, DSTi's Australia and New Zealand CEO, said, "HiPortfolio and National Custodian Services have a great track record. The robustness of HiPortfolio has allowed it to provide an expansion path for NCS as they have developed the widest selection of products and services for the third party market in Australia. We are truly delighted in continuing to assist them in the ongoing success and expansion of their business."

"There are a number of investment organisations still considering whether to continue with an in-house technology strategy for portfolio administration and fund accounting or do as many have already done and outsource their back office functions. With NCS now adopting the latest version of the industry standard HiPortfolio platform this may now make the outsourcing decision a little easier for some fund managers," he concluded.