Custody Risk Awards 2013 Names Company “Asset Servicing Technology Vendor of the Year”
DST Global Solutions (“DST”), a leading provider of technology solutions to the investment management industry, today announced it was named “Asset Servicing Technology Vendor of the Year” at the prestigious annual Custody Risk Awards 2013.
Hosted by Custody Risk magazine, the Custody Risk European Awards are an esteemed accolade in the securities servicing industry. The awards, which are judged by an independent expert panel, identify the best companies in custody, fund administration and technology. Winners must demonstrate excellence across several criteria, including significant client wins, major client-facing innovation, and solution enhancements.
2013 marks the fourth year in a row DST Global Solutions has won the award.
"The judges said simply its product does what it says on the tin. HiPortfolio is at the heart of investment operations for those firms that have utilised it for over 25 years, ensuring a four times straight win for DST Global solutions in this category,” said Anthony Chambers, publisher, Custody Risk.
HiPortfolio provides critical investment, fund accounting and tax capabilities with extensive post-trade asset servicing functionality to help support asset servicers and investment managers remain competitive, efficient and in control of their business. The asset servicing solution is utilised by more than 160 investment management firms in over 35 countries.
“Over the last year, we’ve invested more than 18,000 man-days into HiPortfolio’s capabilities,” says Arun Sarwal, Chief Executive of DST Global Solutions. “Winning this prestigious award tells us we’re achieving real success in helping asset servicers respond to today’s challenges and preparing them for future growth.”
This is the second award DST has won this year for HiPortfolio. HiPortfolio was named "Best Post Trade Processing Product or Service” in the recent 2013 Banking Technology Readers’ Choice Awards.