âPhillip Asset Management has set up our own fund management operation in order to complement our current offerings to our existing investors who would like to have more investment alternatives. We currently offer a number of fund products in cooperation with our partners at our online funds supermarket. By providing our own fund products we will be able to offer more innovative and unique investment alternatives to our client base,â said Low See Kiong, Executive Vice President of Phillip Securities who will be responsible for this new operation.
Mr. Low continued, âWe chose DSTiâs Investment Management Solution, HiPortfolio/3, because it meets our needs and also because it is a leading solution that is widely used on a global basis in the investment management industry. Further, we have been very impressed and satisfied with DSTiâs professional services and support teams, as we implemented DSTiâs trading solutions over four years ago. We also strongly believe that DSTiâs in-depth experience will bring us many advantages and a smooth implementation.â
Rhonda Lepsch, CEO for the Asia Pacific region at DSTi said, âWe are delighted to have Phillip Asset Management as our newest client in Thailand, and are very excited about the potential of the fund management industry in Thailand. Regulatory bodies are now allowing more fund management companies to enter the market and provide a more flexible framework that allows them to invest cross-border. DSTiâs investment management solution, HiPortfolio/3, will allow Phillip Asset Management to provide exceptionally high levels of customer service to its clients by automating many operational procedures, thus facilitating accuracy and quick response times. Further, because HiPortfolio/3 is used on a global basis, the solution is capable of handling a significant number of financial instruments, which will enable Phillip Asset Management to easily offer innovative and unique products with minimal time to market.â
Ms. Lepsch continued, âDSTi is highly committed to the Thailand market where we now have over 40 clients. In 2007, we hope to further expand our operations here by introducing more of our solutions, including those for the front office, the middle office, mutual fund selling agents, wealth management and workflow. In the Asia region, with over 600 staff and offices located in China, Hong Kong, Indonesia, Singapore and Thailand, DSTi currently supports over 150 clients in 13 different countries.â