LONDON, July 2003: COR Financial Solutions, through its COR-STP Solutions
division has secured Standard Life Investments (SLI) as the first major new
customer for the Salerio e2e product since its acquisition from 110 (One-Ten) Ltd in April 2003.
The Salerio e2e STP solution is currently used by 25 leading asset management
and outsourcing organisations across North America, Europe and Asia, including
Capital International, Credit Lyonnais Asset Management and Insight Investment
Lennie Ramanauskas, Head of Investment Administration, Standard Life
"Standard Life Investments is continually looking at ways of improving the
efficiency and effectiveness of our processes. We selected Salerio e2e to provide end-to-end automation of the transaction processing lifecycle across a range of asset types.
"The Salerio e2e product will replace a combination of in-house developed
software, ETC service provider software, and a number of manual procedures.
Implementation of the Salerio e2e product has begun at Standard Life
Investments in Edinburgh, with various phases of the project going live over the
coming months, including Salerio e2e Middleware, ETC, and ETD for securities.
“The introduction of this new system is part of our ongoing commitment to
streamline our systems to achieve higher levels of efficiency."
Lee Runciman, COO of COR-STPS, said: "We are delighted to welcome SLI as the
most recent addition to our customer base. It reinforces the market leading
position of Salerio e2e amongst the world’s most prestigious asset management
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