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Becton Investment Management to implement DSTi's HiPortfolio Unit Pricing

  • 04 March, 2008 06:44

<p>Sydney, 4 March 2008 – DST International (DSTi), a leader in business solutions for the investment management industry, today confirmed Becton Property Group’s Investment Management business (Becton) intends to implement its HiPortfolio Unit Pricing solution. The incorporation of HiPortfolio Unit Pricing is expected to facilitate a more proactive management of unit pricing and best-practice market discipline for the diversified property group.</p>
<p>Becton is a listed Australian diversified property group with a strong record in property development and construction, property funds management and retirement village ownership and operation.</p>
<p>For Becton’s head of funds management, Matthew Chun, the selection of DSTi’s HiPortfolio Unit Pricing solution was in response to the search for a robust system to leverage continued rapid business growth and one that could manage the required regulatory framework.</p>
<p>“DSTi’s unit pricing solution is capable of providing us with the rigour that our investment processes demand. We target strong returns for our investors and are very active managers of property assets. We believe that the implementation of this solution is a signal to our investors and other stakeholders that we are a responsible and pro-active manager of money,” he commented.</p>
<p>The HiPortfolio Unit Pricing solution from DSTi is expected to contribute to improved business processes designed to provide a consolidated view of unit pricing functions from start to finish. The solution is designed to enable reports to be generated instantly upon query, facilitating an immediate check of price calculations.</p>
<p>“Another attraction of selecting the HiPortfolio Unit Pricing solution is DSTi’s local support. With the Melbourne Development Centre around the corner, and the added plus of the modularity of solutions that we can incorporate as our business further develops, we feel that we have selected the most appropriate solution for our business,” said Mr Chun.</p>
<p>For DSTi’s CEO for Australia and New Zealand, Ian Mathieson, the win adds another new client to the company’s client list.</p>
<p>“This has been an interesting win for DSTi as it is the modularity of HiPortfolio and yet our thorough understanding of the entire Australian funds management sector that has resulted in another boutique manager win,” he outlined.</p>
<p>“We developed and launched this solution for the local marketplace roughly twelve months ago and it is positive that investment managers now rate it as a stand-alone solution to run alongside their current administration systems,” Mathieson concluded.</p>
<p>About Becton
Becton Investment Management manages 18 investment vehicles including an office, industrial, retail and development fund, a diversified fund, 10 single property trusts and an income fund. Its portfolio currently manages more than 100 properties across office, retail, industrial, hotel and healthcare sectors on behalf of more than 8,600 investors and has more than $2 billion funds under management. Funds currently open for investment include the Becton Office Fund, Becton Industrial Fund and Becton Diversified Property Fund.</p>
<p>About DST International (DSTi)
With 21 offices and over 1700 professionals to support its growing client base, DST International provides a unique and comprehensive range of investment management and business process management software solutions and related services to 700 clients in 55 countries.</p>
<p>About DST Systems, Inc.
DST Systems, Inc. provides sophisticated information processing and computer software products and services to support the mutual fund, investment management, insurance and healthcare industries. In addition to technology products and services, DST provides integrated print and electronic statement and billing output solutions through a wholly owned subsidiary. DST’s world-class data centers provide technology infrastructure support for mutual fund companies, healthcare providers, banks, mortgage bankers and insurance companies around the globe. DST is headquartered in Kansas City, Missouri, and is a publicly traded company on the New York Stock Exchange.</p>
<p>For further information please contact:
Cathryn van der Walt
12 Worlds
Mob: 0402 327 633
<p>The information and comments above may include forward-looking statements respecting DST International Limited and its businesses. Such information and comments are based on DSTi’s views as of today, and actual actions or results could differ. There could be a number of factors affecting future actions or results, including those set forth in DSTi’s latest periodic financial report (Form 10-K or 10-Q) filed with the Securities and Exchange Commission. All such factors should be considered in evaluating any forward-looking comment. The Company will not update any forward-looking statements in this press release to reflect future events.</p>

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