Longstanding partners DST International (DSTi)and State Street – they operate fund administration platforms on both sides of the Atlantic -have agreed to add parts of the HiInvest software application created by DSTi to the Boston-based bank’s fund management outsourcing service.
“We’re delighted to integrate these additional tools in to the suite of technology solutions that we are providing to our clients,” says Tom McCrossan, the executive vice president of State Street who heads its outsourcing business. “State Street is a pioneer in the outsourcing arena and is now first to market with this total end-to-end enterprise solution, which is unrivalled in the industry.”
“We are delighted with this State Street agreement as it demonstrates the cutting edge capabilities of HiInvest and underlines that in the long term it will continue to be the market leading product for the front and middle office,” adds Mike Winn, DSTi’s group managing director.