The two new mandates have brought the number of investor accounts supported by MainstreamBPO’s unit registry business to 100,000.
DST’s HiPortfolio fund accounting and administration solution has provided critical fund operations and post-trade data management for MainstreamBPO’s mutual funds and unit registry business since 2006, and is fully integrated with DST’s specialised unit registry software.
MainstreamBPO chief operating officer Martin Smith said DST’s technology was robust, reliable and scalable.
“It is fundamental to MainstreamBPO’s service model and its business success,” said Mr Smith.
“As more fund managers look to strategically outsource their administration to us, and as we expand our business into new geographies such as Hong Kong, we know that DST’s asset servicing technology can dependably support our growth,” he said.
Mr Smith said MainstreamBPO has also leveraged DST’s XML platform to develop online application processing, web services and data interchange with market intermediaries.
DST Global Solutions head of business development, Australia and New Zealand Rhys Octigan said DST is continually investing in its asset servicing software to ensure HiPortfolio and associated back-office fund operations capabilities help the buy-side industry remain efficient.
“Forward-thinking firms are increasingly coming to realise that competitive gains can be achieved with the right technology partner,” said Mr Octigan.
“It’s gratifying to see a company like MainstreamBPO leverage DST’s technology as it moves into the next phase of business growth and geographic expansion.”
