DST International (DSTi), a business applications provider, says that Phillip Asset Management in Thailand has signed agreements to implement DSTi’s investment management application, HiPortfolio/3.
“Phillip 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,” says Low See Kiong, the Executive Vice President of Phillip Securities who will be responsible for this new operation. “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.”
“We 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,” adds Rhonda Lepsch, the CEO for the Asia Pacific region at DSTi. “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. DSTi’s 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.”