About a-team Marketing Services
The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

CITIC Prudential Fund Management Company goes live with HiPortfolio

Subscribe to our newsletter

DST Global Solutions, a provider of investment management software and services, today announced that CITIC Prudential Fund Management Company has gone live with the HiPortfolio Asset Servicing solution, to strengthen its fund accounting operations. CITIC Prudential Fund Management Company is an asset management joint venture between the UK’s Prudential Group and China’s CITIC Group.

Rock Chen, deputy COO from CITIC Prudential, said, “ As CITIC Prudential continues to meet the savings, protection and investment needs of the Chinese people, we need to ensure we have the systems in place to offer the service our clients’ demand. HiPortfolio offers us a robust and scalable solution to meet these challenges. Implementation of the systems, including data migration, was completed successfully within the agreed timeframe and budget. We are now very pleased to be experiencing a range of business operational improvements made possible by HiPortfolio.”

CITIC Prudential obtained approval from the China Securities Regulatory Commission (CSRC) in October 2010 to launch its QDII Fund, allowing it to invest in foreign markets. They required a solution that was designed to work in global markets as well as meet the requirements of the Chinese domestic fund management industry.

Arun Sarwal, CEO of DST Global Solutions Investment Management division, commented, “DST Global Solutions has worked very closely with the CITIC Prudential team to ensure the project was delivered on time and within budget. This achievement is down to the excellent relationship and joint efforts of both companies.

“This is a landmark deal for DST Global Solutions in China’s fund management industry and we look forward to working with CITIC Prudential to support the growth of their fund management business in the future. China has been a key strategic market for us over the past 10 years and we are delighted to further grow our client base in the Chinese fund management sector.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: How to optimise the business value of your data using agile data governance

Data governance is transforming from a risk management and compliance tool with limited and prescriptive controls, to a solution that can help you optimise the business value of your data. In this role, data governance must scale to manage rising volumes of data, more and different data types, and changing user requirements, while continuing to...

BLOG

GLEIF CEO Stephan Wolf Discusses Progress of the LEI and Plans to Increase its Growth

The Legal Entity Identifier (LEI) crossed the 2 million mark of identifiers issued, experienced organic growth of 15% despite no major regulatory implementations, and held a steady 65% renewal rate through 2021. Moving into 2022, projects set up by the Global LEI Foundation (GLEIF) to expand LEI issuance are expected to take off, and the...

EVENT

Virtual Briefing: ESG Data Management – A Strategic Imperative (Redirected)

This briefing will explore challenges around assembling and evaluating ESG data for reporting and the impact of regulatory measures and industry collaboration on transparency and standardisation efforts. Expert speakers will address how the evolving market infrastructure is developing and the role of new technologies and alternative data in improving insight and filling data gaps.

GUIDE

Managing Valuations Data for Optimal Risk Management

The US corporate actions market has long been characterised as paper-based and manually intensive, but it seems that much progress is being made of late to tackle the lack of automation due to the introduction of four little letters: XBRL. According to a survey by the American Institute of Certified Public Accountants (AICPA) and standards...