DST International (DSTi) says that Daiwa SB Investments (HK) Ltd (Daiwa) – the Hong Kong subsidiary of the Japanese fund management firm – has bought HiPortfolio/3, HiCompliance and HiOrders for its investment management operations. Daiwa is a DSTi client of longstanding.
Daiwa’s back office in Hong Kong supports its Hong Kong and Singapore asset management operations.
Kiyotaka Hoshino, Daiwa’s managing director & head of Asia, says: “Automating the data entry and compliance checking will make a significant difference to us. Not only will it save our employees a substantial amount of time, but it will also eliminate the possibility of errors that can occur as a result of manual data input.
HiPortfolio/3 will update our administration, ensuring that we can easily add functions as and when we need them.” Rhonda Lepsch, DSTi’s CEO – Asia, admits that Daiwa have been a customer of DSTi’s for many years. “We are thrilled that they have made the decision to upgrade to the latest technology from DSTi,” she says.
“HiPortfolio/3 is a market leader throughout the world and we are delighted to see its technology embraced by Hong Kong’s leading financial institutions.”