DST International (DSTi) says that UBS Wealth Management AG have selected HiInvest – DSTi’s front and middle office solution for Private Wealth Managers. The service consists of HiFrontOffice, DSTi’s portfolio modelling and ‘what if’ analysis solution, HiCompliance, DSTi’s pre and post trade compliance monitoring solution, HiReporting, DSTi’s sophisticated reporting solution, and HiPerformance, DSTi’s performance measurement and attribution solution. HiInvest will be installed in the UBS Frankfurt operations and integrated with the existing implementation of the Olympic Banking System from EriBancaire.
Mike Winn, DSTi’s CEO, said, “DSTi has the ideal solution for UBS Wealth Management and this successful sale is a result of a recent expansion into the continental European markets. We believe that UBS will be the first of many such sales as DSTi continues to build up its European staff.”
Fredy Huppin, UBS Frankfurt Managing Director, said, “We were keen to ensure our investment managers had the right tools to deliver consistent superior investment performance. We recognised that good, efficient front-end systems were key to that tool set. DSTi’s HiInvest suite of products in conjunction with their excellent track record of delivery, was seen as the best way for us to achieve our goals. We chose DSTi not only because the software met our expectations, but also because we were confident about the high skill level of their staff.”