Source: DST International
DST International (DSTi), the leader in business solutions for the investment management industry, announced today that CCLA Investment Management Limited(CCLA), one of the UK's leading managers of charitable funds, have selected DSTi's Investment Accounting Solutions, HiPortfolio/3, the Open Messenger STP component, and DSTi's Market Data Management Solution.
DSTi's solutions will replace CCLA's existing back office system along with in house developed OMS, compliance and unit pricing systems. It will provide an integrated front-to-back office solution that incorporates: Portfolio Modelling, Order Management, Compliance (pre and post trade), Fund administration and accounting, Unit Pricing, Market Data Management and STP.
CCLA will be taking a phased approach and will begin by replacing the existing investment accounting system in the back office in early 2006.
David Butler, CCLA's Chief Operating Officer, said, "The fragmented nature of our existing front and back office systems resulted in the need for a major overhaul to build a platform for the future efficiency and growth of the business. We used an outside agency, Parkwell Management Consultants, to assist us in our solution search that resulted in HiPortfolio/3 proving to be the clear winner in terms of functionality and flexibility. DSTi are committed to the product and will continue to invest in the solution. Already technically advanced, we know HiPortfolio/3 will support our business model well into the future."
Kim Holloway, DSTi's Global Sales Director, said, "CCLA have wisely chosen HiPortfolio/3 to support their investment operations. Combined with OpenMessenger and our Market Data Management solutions, CCLA will now have a completely integrated and automated front to back office solution. HiPortfolio/3 continues to prove its market leadership whether used solely for its investment accounting capabilities or as a complete front to back office solution."