Cleveland, Ohio - DST International (DSTi) – the leader in business solutions for the investment management industry – announced today that KeyCorp, one of the nation’s largest bank-based financial services companies - with approximately $93 billion in assets, has implemented DSTi’s Performance Solution for their institutional, wealth and trust business.
As part of the implementation, DSTi also developed a web front end capability to provide Key’s portfolio managers with direct and instantaneous access to performance returns and analysis, as well as the ability to produce high quality client statements.
Carol Hinckley, senior vice president for Key’s Investment Operations team, said, “After long and careful evaluation of available products, DSTi’s Performance Solution proved to have the breadth of functionality, scalable enterprise capable architecture and ability to handle the very sophisticated performance reporting required. We have successfully deployed the solution to 250 portfolio managers in the United States.”
Phil Hannay, head of DSTi’s Risk & Performance Solutions, said, “Key chose DSTi’s Performance Solution because they needed its flexibility and capacity to support institutional, wealth management and trust business lines on a single platform. Key had the kind of advanced performance and reporting requirements that DSTi’s Performance Solution is designed for, so the deployment went very smoothly.” The Web Front End was developed as a strategic reporting tool for Key, giving their front office direct access to critical holdings, activity and performance return, attribution and risk analysis of their portfolios.
Mark Summers, chief administrative officer for Victory Capital Management, Key’s asset management subsidiary, noted, “DSTi delivered solutions that will enhance our existing customer relationships and help grow our business.”
The implementation team was comprised of Key employees and investment management consultants from DSTi in-house Professional Services Group. Bill Bules, implementation team leader, Key Technology Services, said “DSTi’s Professional Services Group brought valuable industry project management expertise and skills to this installation. DSTi was clearly dedicated to this project and worked closely with our talented staff to successfully streamline the deployment process, as well as finished on time and within budget.”
Marcus J. Ansell, President of DSTi, noted, “DSTi is making great strides in North America by providing the investment management community with proven, reliable solutions that meet their scalability and enterprise needs. DSTi’s emphasis on essential research and development of our Performance products, combined with our Professional Services Group’s industry expertise, continues to assure that our customers receive vital, accurate information to strengthen their management capability.”