DST International, a provider of business solutions for the investment management industry, has announced that Australian Unity Investments has selected the company to provide its front and middle office solutions, to create a system which is expected to assist fund managers with their investment administration.
The solutions chosen by Australian Unity Investments (AUI) cover modeling, dealing, pre- and post-trade compliance, performance attribution and measurement, unit pricing, and client reporting. The new solutions from DST International (DSTi) are also expected to allow AUI to automate a number of manual activities, enabling the business to further streamline business processes and increase the consistency of its internal analysis. The enhanced controls that the DSTi solutions are designed to provide include greater transparency of unit pricing validation and the automation of pre and post-trade compliance.
Ian Mathieson, CEO of DST International at Australia and New Zealand, said: We are pleased to welcome Australian Unity Investments on board as a new client. We believe that the front and middle office solutions tailored for AUI will help facilitate a greater level of control and minimize risk.