ING Australia, a member of the ANZ Group, has deployed DST Global Solutions' HiPortfolio, a fund accounting solution that provides trade and investment cycle functionality in an integrated environment, to better manage its cross-investment processing.
HiPortfolio is developed and maintained at DST Global Solutions’ R&D centre in Melbourne, Australia.
For ING Australia, the solution has the requisite functionality and it facilitates efficiencies with their licensed custodian who also uses it.
ING Australia financial operations and corporate finance group head Geoff Allanson said that the deployment of HiPortfolio was to refine the business structure with the separation of internal product-related operations from investment-related activities.
“The goal was to improve the management of cross-investment processing whilst reducing existing levels of operational risk,” Allanson said.
“HiPortfolio enabled us to manage that separation, internalise any existing or client-related infrastructure and outsource any investment-related facilities.
“The DST Global Solutions team remained focused on delivering the solution on time whilst taking particular care of our specific requirements.”