subsidiary of iMerchants Ltd. (SEHK:8009), announced today that MassMutual Asia
Ltd. (MassMutual Asia), the Asian operation of US-based MassMutual Financial
Group, has selected to deploy AFN's WealthSuite(TM) Mutual Funds.
WealthSuite(TM) is an integrated software suite that enables customer-focused
wealth management services and highly efficient order processing operations.
With AFN's WealthSuite(TM) Mutual Funds as their new fund distribution processing system, MassMutual Asia will further enhance its ability to deliver innovative fund products and excellent service to its customers.
"MassMutual distinguishes itself by providing superior financial service to its
customers." said Mr. K.P. Tay, President of MassMutual Trustees Ltd. "With a
sales force of over 1,700, one of the biggest broker networks and plans for regional expansion, the importance of reducing the fund order request turnaround time by further automating our fund processing operations cannot be underestimated. We are confident that with the deployment of AFN's WealthSuite(TM) Mutual Funds, MassMutual's strength in wealth management will further be enhanced."
WealthSuite(TM) Mutual Funds provides for all the functions needed to operate
a fund business right from daily operations to cash account anagement. "AFN's
WealthSuite(TM) Mutual Funds will enable MassMutual to greatly enhance its operations efficiency and flexibility, and will serve as a foundation for further strengthening its ability to provide world class wealth management services." stated Mr. Edward Un, AFN's General Manager and Chief Technology Officer.
Both MassMutual Asia and her sister company OppenheimerFunds (Asia) Ltd. will
deploy AFN's WealthSuite(TM) Mutual Funds. Their parent company, MassMutual
Financial Group is a member of the Fortune Global 500 and ranks as the 4th largest American life insurer.
For more information, please contact:
Asia Financial Network Limited
Senior Marketing Manager
Tel: (852) 2101-9021