MayBan Investment Management, Malaysia chooses Datacons MFund to automate its investment processes.

Bangalore, India (May 19th, 2003) – Mayban Investment Management Sdn Bhd. (MIM), one of the leading investment management companies in Malaysia has chosen Datacons’ MFund suite of products to address its end-to-end business needs.

MIM manages assets over 600 million USD across 120 portfolios. MIM has decided to improve its internal processes as well as provide better service levels and attain a distinct competitive edge in the Malaysian investment management scenario. After considering many solutions, MIM decided to go with Datacons MFund. MFund’s ability to provide end-to-end coverage for the various asset classes MIM deals in, portfolio rebalancing tools, a detailed approval path and a user friendly interface were instrumental in the choice.

MIM were using solutions from DST International prior to this decision.

Mr. M.S. Chandrashekar, CEO, Datacons said "We expect to deliver significant benefits to MIM through our integrated and work-flow driven approach to the investment process. Our solutions are state-of-the-art and we believe in tuning the finer aspects to ensure our clients derive maximum advantage from their investments in automation"

Datacons Private Limited, a 32-year-old software company, is headquartered in Bangalore, India with operations in Asia, Europe as well as USA. Datacons specializes in solutions for Banking and Securities market through its MFund suite of product. Datacons provides both packaged and customized software, particularly in areas relating to Capital markets, Retail and distribution and Banking.

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