DST promotes corporate actions solution
DST Global Solutions (DST) is promoting the advantages of the corporate actions solution it is developing with XSP on its HiPortfolio platform.
The new solution is being promoted in the context of the challenges currently confronting investment managers in terms of manual processes across front, middle and back offices.
The DST and XSP collaboration is expected to facilitate availability of a more robust corporate actions solution for investment managers, backed by the technology developed by both companies.
The solution will initially be made available in Australia and New Zealand where DST has a strong client base of custodians and fund managers.
DST managing director Philip Hogan said the two companies were responding to clients' desire for improved operational efficiency in corporate actions.
"Our joint working relationship with XSP is expected to help reduce costs and risks for third-party administrators and fund managers automating corporate actions such as dividends, mergers and acquisitions and rights issues," he said.
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