Amanah Raya Berhad, Malaysia chooses Datacons MFund /AM

Bangalore, India (June 2nd, 2003) – Amanah Raya Berhad (ARB), the largest trustee in Malaysia, servicing over 60 unit trusts, including their own portfolio, has chosen Datacons’ MFund/AM (Asset Management) product to address its business needs.

Amanah Raya is responsible for ensuring accuracy of NAV’s published on a daily basis and also monitor compliance requirements put in place by the Unit Trusts based on the Securities Commission guidelines.

The decision on selecting MFund/AM was made after evaluating competing products such as SS&C’s CAMRA. MFund/AM automates all functions of the fund management vertical. It covers trade capture, accounting, valuation, reporting and compliance across the complete set of instruments; equities, fixed income, floating rate notes, government securities, treasury bills and derivatives. MFund/AM’s functional coverage as well as its existing customer base and the support processes were instrumental in ARB’s decision on MFund/AM

Mr. M.S. Chandrashekar, CEO, Datacons opined “Within a period of 30 months, MFund suite of products have been able to capture 30 % of the Malaysian Unit trust market. This is because of the dedication Datacons and its team has in ensuring MFund suite of products is constantly upgraded in tune with customer, market and regulatory requirements.”

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