management companies world-wide, including many leading financial institutions in Thailand.
Mr. Nukrak Baiyueng, assistant managing director said that Bank Thai wanted a proven solution that is used by custodians and fund managers. "As more than 60% of the custodians in Thailand are using DSTiâs HiPortfolio software we are confident that our business operations will be properly supported." He also said, "In addition to having a leading product, DSTiâs local presence was also a key factor in our decision. DSTiâs Thailand operation has been based in Bangkok for over 10 years and has a very reputable name in the industry."
Ms. Rhonda Lepsch, DSTiâs chief executive officer for Asia, said, "The Thailand market is one of the most important markets to DSTi in Asia. We are truly thrilled to have Bank Thai as a client and they are in good company. Globally HiPortfolio/3 has over 300 clients, proving that it leads the
market in backoffice technology."
In Thailand, Ms. Thitikorn Choksuwanich, managing director of DSTi in Thailand was instrumental in starting DSTiâs operations in Thailand in the mid 1990âs. She said, "I am truly proud to be part of the DSTi family. It is an exciting time to be here, with DSTiâs strategic focus on Thailand. DSTi continues to invest a significant amount of its global Research and Development budget in Thailand every year and because of this, the market has a keen interest in our products. We are extremely happy to have secured Bank Thai as a DSTi client and look forward to a very successful implementation of HiPortfolio/3."
In Thailand, DSTi has over 200 staff and 40 clients in the financial services sector. With its suite of HiProducts, DSTi is a leading provider of back, middle and front office solutions in Thailand. In 2005 the company plans to further expand its client base by introducing new products into the market,
including HiTrust, DSTiâs workflow-integrated Transfer Agency solution.