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DST Asset Servicing Technology Underpins Significant Expansion for MainstreamBPO Group

Scalable Platform Handles Significant Increase In Fund Transaction Volumes For Specialist Administrator

DST Global Solutions, a market-leading provider of technology solutions for the investment management industry, today announced that MainstreamBPO Group, a provider of fund administration and transfer agency services to the buy-side investment community, has successfully expanded the usage of DST’s software to onboard 40,000 new investor accounts.

The additional accounts to MainstreamBPO’s transfer agency business resulted from two new client mandates. The Sydney-based firm now supports more than 100,000 individual investor accounts across Australia and Asia.

DST’s HiPortfolio fund accounting and administration solution has been providing critical fund operations and post-trade data management for MainstreamBPO’s mutual funds and transfer agency business since 2006 and is fully integrated with DST’s specialised unit registry software.

“Robust, reliable, and scalable technology is fundamental to MainstreamBPO’s service model and its business success,” says Martin Smith, COO at MainstreamBPO. “As more fund managers look to strategically outsource their administration to us, and as we expand our business into new geographies such as Hong Kong, we know that DST’s asset servicing technology can dependably support our growth. As part of our growth strategy, we have also leveraged DST’s XML platform to develop online application processing, web services and data interchange with market intermediaries.”

According to Rhys Octigan, head of business development for DST Global Solutions in Australia and New Zealand, DST is continually investing in its asset servicing software to ensure HiPortfolio and associated back-office fund operations capabilities help the buy-side industry remain efficient.

“Forward-thinking firms are increasingly coming to realise that competitive gains can be achieved with the right technology partner,” says Octigan. “It’s gratifying to see a company like MainstreamBPO leverage DST’s technology as it moves into the next phase of business growth and geographic expansion.”