including increased access to data, improved internal and external integration, and potential for upgraded online client reporting.
Peter Kempster, National Custodian Servicesâ general manager, confirmed that the conversion to HiPortfolio/3 demonstrates the significant commitment NCS maintains in the Australian Custody, Master Custody and Investment Administration market. "Servicing a client base of over 300, representing $350 billion in assets under custody and administration requires a serious commitment to advanced technologies, such as HiPortfolio/3. This matches our commitment to staying ahead of our competitors and is a key component of our strategy of providing the best service to the Australian marketplace."
Mr Ian Mathieson, DSTiâs Australia and New Zealand CEO, said, "HiPortfolio and National Custodian Services have a great track record. The robustness of HiPortfolio has allowed it to provide an expansion path for NCS as they have developed the widest selection of products and services for the third party market in Australia. We are truly delighted in continuing to assist them in the ongoing success and expansion of their business."
"There are a number of investment organisations still considering whether to continue with an inhouse technology strategy for portfolio administration and fund accounting or do as many have already done and outsource their back office functions. With NCS now adopting the latest version of the industry standard HiPortfolio platform this may now make the outsourcing decision a little easier for some fund managers," he concluded.
NCS is Australiaâs largest custodian and has been providing settlement and custody services to domestic and international institutions covering all classes of securities, since 1950. Today its products and services include Sub Custody, Securities Lending, Global Custody, Master Custody, Fund Administration Services and Foreign Exchange Services.
NCS joins a growing list of local and global customers committed to benefiting from the advanced technologies behind HiPortfolio/3. Recent customer conversions have been completed at Perennial Investment Partners, Australia; Bank Thai in Thailand; Trustees Executors in New Zealand; Fiji
National Provident Fund and The Reserve Bank of Fiji; JPMorgan Investor Services and MedInvest in South Africa; Asset & Resource Management Company in Nigeria; Cavendish Asset Management and Daiwa SB Investments in the United Kingdom as well as Daiwa SB Investments (HK) Ltd.
HiPortfolio/3 is DSTiâs strategic transaction processing and investment accounting solution. The HiPortfolio platform is used by over 250 organisations in 32 countries worldwide. Its flexible nature and truly multicurrency and multi-instrument capability allow it to support different types of business on a single system.