DST Global Solutions accelerates business expansion in China

Shanghai and Beijing - 27 August 2010

In response to continued strong demand for its investment management solutions and professional services, DST Global Solutions has further expanded its China operations. As a consequence of its growth, DST Global Solutions has upgraded both its Shanghai and Beijing offices to meet the demand.

With almost 60% of all insurance assets in China now running on DST Global Solutions’ flagship asset servicing solution, HiPortfolio®, and with the increased number of new client wins in the fund management industry, the company has been actively recruiting specialists to upscale its capability in Professional Services and Client Support. With a plan to double the size of its Professional Services team and a trebling in size of its Client Support team by the end of 2010, the company has relocated both of its China offices to new premises to accommodate planned growth in operations.

Commenting on the expansion, Ms. Nancy Yu, Head of Sales and Client Relationship Management said. “When I first came to China with DST Global Solutions in 2003, our operation was small – I recall we were servicing a single client. We have grown significantly since then and I attribute much of this success to our unwavering focus on satisfying our clients’ requirements, understanding local market conditions and building a strong team to support this. Our client list now contains some of the largest and most respected names in the Chinese investment management industry. Through our continued focus on client service and excellence in the technology we provide, I look forward to us continuing to win new clients and remaining a leading player in the industry in China.”

DST Global Solutions has a strong presence across Asia, with a long-established and successful track record in Hong Kong, Singapore, Thailand and Indonesia. The company first entered China in 2003 and since that time has grown rapidly. The company’s growth rate to date has been 150% in the demand for its Professional Services and Client Support services and around 30% year on year increase in its Chinese client list. The new premises in both Shanghai and Beijing will contain Learning and Development centres, which will provide specialist training to clients across the suite of investment management solutions the company offers. The new and improved facilities will also provide the infrastructure to support its growing business operations.

Mr. Tom Abraham, CEO of DST Global Solutions, who was in Shanghai for the opening of the new office said: “I have focused heavily on activities for growth of our China operation, and I now see that our efforts are being rewarded with strong and healthy growth. I am greatly encouraged by the results to date and look forward to continuing to provide excellent service to our existing clients whilst we continue to grow our client base in this dynamic country through providing robust, reliable and scalable technology solutions.”

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