Commenting on the implementation, Mr. Gu Yong, Head of Finance at CPIC-ING, said, âWe chose DST Global Solutions after a rigorous selection process in which we considered a number of important criteria. This included the ability to deliver the most efficient and effective asset servicing system available within an agreed implementation timeframe. Coupled with this the solution needed to be a globally proven platform that offered the flexibility and scalability necessary to satisfy future business growth whilst enabling us to make significant efficiency improvements in the short and medium term. In final analysis, DST Global Solutions with its HiPortfolio solution was the clear frontrunner amongst all the options considered.â
Geoff Harries, Global Head of Asset Servicing at DST Global Solutions commented, âDST Global Solutions has invested significantly in the development of HiPortfolio to address the unique requirements of the Chinese market, including its ability to support a wide range of Chinese investment instruments. We are delighted to see that this successful implementation will help CPIC-ING to achieve its operational efficiency improvements and growth objectives.â
The implementation took place in under four months and finished within the projected timeframe. CPIC-ING chose HiPortfolio for its strong local presence, its resilience and functional richness, coupled with the local availability of DST Global Solutionsâ strong Professional Services team.
Susan Tepsa, Head of Professional Services for DST Global Solutions China, said, âThe close collaboration between the CPIC-ING internal project team and our local Professional Services implementation team created an excellent work environment that resulted in a very successful implementation. It was a pleasure to work with a company as professional and competent as CPIC-ING and I look forward to completing further projects with CPIC-ING in the future.â
DST Global Solutionsâ award-winning HiPortfolio solution now services around 60 per cent of all insurance assets in China, and is implemented at the two largest insurers in China. HiPortfolio is also relied upon by many investment management operations within China and the Asia Pacific region.