Australian Unity Investments selects DSTi’s front and middle office solutions

Sydney - 22 November 2007

DST International (DSTi), a leader in business solutions for the investment management industry, announced today that Australian Unity Investments (AUI) has selected DSTi to provide its front and middle office solutions, to create a system which is expected to assist fund managers with their investment administration.

The solutions chosen by AUI cover modelling, dealing, pre- and post-trade compliance, performance attribution and measurement, unit pricing, and client reporting.

Mr Mark Pratt, Chief Operating Officer for AUI, said, “The business required a solution that would meet its current investment administration needs and could also be tailored to support its future needs, including the requirements of AUIs joint venture partners.

“Our product range and funds under management have expanded rapidly over the past two years, and we are ensuring that we have the processes and systems in place to continue to achieve managed and sustainable growth in the future.

“For example, the new solutions produce reporting for Managed Discretionary Accounts and Self Managed Accounts, and we see this as a service that will be increasingly important for boutique fund managers over time. This will help us to continue to manage risk via enhanced controls in a way that allows our portfolio managers to concentrate on what they do best – managing money.”

The new solutions from DSTi are also expected to allow AUI to automate a number of manual activities, enabling the business to further streamline business processes and increase the consistency of its internal analysis. The enhanced controls that the DSTi solutions are designed to provide include greater transparency of unit pricing validation and the automation of pre and post-trade compliance.

“We are pleased to welcome Australian Unity Investments on board as a new client,” said Mr Ian Mathieson, CEO of DST International in Australia and New Zealand.

“We believe that the front and middle office solutions tailored for AUI will help facilitate a greater level of control and minimise risk,” concluded Mathieson.

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