The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Advantage Asset Managers Scores a World First with DST Global Solutions

DST Global Solutions today announced that Advantage Asset Managers (AAM), one of South Africa’s multi-managers, has become the first company worldwide to implement DST Global Solutions’ new unit pricing workbench software, the latest addition to its HiPortfolio suite of products.

David Wakerley, chief technical officer of AAM, said: “We needed an application that would enable us to do automated price verification of some 1000 portfolios priced by us on a daily basis. Our aim was to eliminate or significantly reduce any manual intervention, thus reducing risk and allowing scalability of the pricing platform.”

Wakerley continued: “In addition, it was important that the new software was easily integrated with our current HiPortfolio implementation and could be customised for our purposes. The new system is now live and we are very pleased with the capability it is providing for us. The average time to confirm prices has been reduced by as much as 60%.”

Kathy Burke, sales manager of DST Global Solutions South Africa, said: “We are delighted to have delivered the first global implementation of our new software. AAM is a long established client of ours and we are proud to have their prestigious name on our customer base.”

AAM, a subsidiary of Momentum Life, is one of South Africa’s independent multi-managers, managing Balanced Funds for pension fund clients using specialist equity, bond and cash manager mandates. AAM manages its portfolios in accordance with a clearly defined risk-budgeting strategy, tailored to the liability requirements of their clients.

Related content

WEBINAR

Recorded Webinar: Evolution of data management for the buy-side 2021

The buy-side faced a barrage of regulation in 2020 and is now under pressure to make post-Brexit adjustments and complete LIBOR transition by the end of 2021. To ensure compliance and ease the burden of in-house data management, many firms turned to outsourcing and managed services. But there is more to come, as buy-side firms...

BLOG

Don’t Miss It – A-Team Group’s Data Management Summit USA Virtual is Just Weeks Away

Data monetisation, data strategy to drive business outcomes, data discovery and intelligence, the power of data lineage, how to deliver an ESG data strategy and, necessarily, regulatory reporting challenges and the data management response, are just some of the key topics that leading capital markets’ participants and innovative solutions vendors will discuss at A-Team Group’s...

EVENT

RegTech Summit New York City

Now in its 5th year, the RegTech Summit in NYC explores how the North American financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Data Lineage Handbook

Data lineage has become a critical concern for data managers in capital markets as it is key to both regulatory compliance and business opportunity. The regulatory requirement for data lineage kicked in with BCBS 239 in 2016 and has since been extended to many other regulations that oblige firms to provide transparency and a data...