DST International Signs Major Contract with Stanlib in South Africa

London – DST International (DSTi) - the leader in business solutions for the investment management industry - announced today that Stanlib Asset and Wealth Management (Stanlib) – one of South Africa’s largest asset managers - has signed a major agreement that amalgamates the back and front office systems across the institution. Stanlib is the merged entity stemming from SCMB Asset
Management, Liberty Asset Management, Standard Bank Unit Trusts and Liberty Unit Trusts.

Both SCMB and Liberty’s asset management divisions have used HiPortfolio/2, DSTi’s back-office solution, for about 10 years. SCMB’s asset management division have used HiInvest DSTi’s front office solution for two years. Stanlib, jointly owned by Standard Bank and Liberty, runs two wholly owned subsidiaries: Stanlib Asset Management - focused on managing institutional and retail funds and investment portfolios, and Stanlib Wealth Management - focused on financial product development, product marketing and client support. Stanlib’s funds under management exceed R135 billion.

"Following the successful merging of HiInvest and HiPortfolio/2 at Stanlib, the organisation has committed to using HiPortfolio/3 as it is rolled out in stages during the course of the year. We look forward to the implementation and we are confident that our technical teams onsite will add even more value to the users at Stanlib," said Marisa Bellini, general manager, DSTi South Africa. André du Plessis, Stanlib’s Chief Information Officer says that HiPortfolio/2 is a genuine 24x7 solution that is scalable and flexible and grew with the business, and that both legacy companies were extremely happy with the product. Two years ago SCMB Asset Management needed to broaden its technical capability in the front office. After searching for solutions, they chose HiInvest and it now
forms the front-end to Stanlib’s solution.

"One of the reasons that it was chosen was its ease of integration with HiPortfolio/2, understandably, since both products originate with the same vendor," says du Plessis. "Ease of Integration was a big factor for us to consider because integration issues can turn a medium risk project into a high risk one, if you’re not very careful."

Today the combined solutions, HiInvest at the front-end and HiPortfolio/2 at the back-end at Stanlib, ensure that all instruments in the client portfolios are handled by the system in a uniform process. The consolidated SCMB and Liberty solutions at Stanlib still allow the business to hook into financial
information feeds such as those from Reuters and Bloomberg, and the solution also links directly with various banking systems and custodians for settlements.
"The DSTi software employed in our organisation and the integration and project skills of DSTi personnel accommodated the merging of two large institutions," says du Plessis. "We believe HiPortfolio/3 will underpin our new business and will set a new standard in the asset management industry. This, with the combination of already implemented and planned HiInvest functionality, will
make Stanlib Asset Management the undisputed leader in employment of technology in the South African market and possibly a leader worldwide."

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