DST International (DSTi) says that Wellington-headquartered Trustee Executors has bought HiPortfiolio/3 for its Third Party Administration offerings in New Zealand.
Previously users of HiPortfolio/2, Trustees Executors completed implementation of HiPortfolio/3 following analysis, testing and parallel running, ending in a conversion in April 2004.
“Our move to HiPortfolio/3 was a logical business decision,” says Claude Oberto, National Manager, Fund Services, Trustees Executors. “We have worked closely with DSTi over the past five years as an alliance partner and believe that the benefits of HiPortfolio/3 will provide us with a competitive solutions edge.”
Trustees Executors is the largest provider of trustee and wholesale administration services in New Zealand. HiPortfolio/3 will be used to continue to provide valuation and accounting information to clients. “Our goal is to make doing business with Trustees Executors more attractive for existing and new clients. For those organisations wishing to outsource their back office functions, Trustees Executors becomes the logical choice,” says Oberto.
“We have worked closely with Trustees Executors for some time and applaud their decision to be the first adopter of our HiPortfolio/3 platform in New Zealand, which is our future proof funds management system,” adds Ian Mathieson, Managing Director of DST International.
“Becoming the first adopters of HiPortfolio/3 in New Zealand will no doubt provide Trustees Executors with a business solutions leadership position. As a Third Party Administrator being able to offer the broader market access to DSTi’s latest technology will appeal to most investment organisations. Many of these companies will already be familiar with the product’s market leading forerunner, HiPortfolio/2. The HiPortfolio/3 platform has been specifically designed to provide greater versatility for information access and storage, ease of use as well as efficiency benefits for our clients’ customers.”