SCH AM have replaced the fund managersâ spreadsheets, which were used for managing and rebalancing the portfolios and the spreadsheets used for trade processing. HiInvest is fully integrated with SCH AMâs back office system, providing a more robust link between the trading process and settlement functions.
Mike Winn, DSTiâs group managing director, said, "Santander Central Hispano Asset Management is our first major Spanish client and it has been absolutely vital that the project be a success and I am delighted to say that it is. Both the SCH AM systems team and our integration consultants worked closely to install HiInvest to both the agreed timetable and budget."
A substantial development package was included as part of the purchase to ensure that HiInvest conforms to Spanish business practices which was achieved by close co-operation between the SCH AM and DSTi project teams to develop and test the software changes.