KAF Group’s trustee unit will be adopting DST International’s fund accounting application HiPortfolio/3 to support its new fund administration business.
One of the key considerations for the choice of iPortfolio/3 was the long standing relationship that KAF Fund Management Sdn Bhd (KFMSB), another business unit of the KAF Group, has with DSTi and HiPortfolio, the group said in a statement.
“HiPortfolio has been proven to support our requirements as evidenced by our continuing use of the system for a number of years,” said Thariq Usman Ahmad, KFMSB’s CEO. “We see HiPortfolio/3 as an international product with comprehensive features that will allow the KAF Group to be able to grow with the system. This is an important consideration as the Group extends its fund administration service offerings in the future.”