UK’s DST sees strong Asia interest in IBOR solutions

28 July 2014   Category: News, Asia, China, Global, Hong Kong, Singapore, Europe, United Kingdom   By Hui Ching-hoo

London-based investment technology service provider, DST Global Solutions, is upbeat in the wake of an overwhelming response to its one-stop data management and analytics platform in Asia. The firm is now looking to solidify its foothold in the region.

Daniel Kennedy, regional solution manager – Asia Pacific, with DST Global Solutions Singapore, tells Asia Asset Management that the firm’s investment book of record (IBOR) capabilities have been increasingly well received. He claims that a rising number of market practitioners on the buy side, such as asset managers, custodians, and wealth managers, as well as insurance companies, eagerly look for an all-in-one investment data management system when dealing with compliance and data analysis issues.

The IBOR offering originates from the firm’s Anova product suite – an investment data management solution that affords users an investment data aggregation/comprehensive performance analytics environment. “The IBOR engine is a component of Anova. We’ve recently strengthened Anova IBOR capabilities to give asset managers better decision-making information,” he explains. 

He notes that Anova is one of the firm’s two core businesses along with its asset servicing division: “The Anova system features a number of components including a compliance engine, IBOR engine, investment data warehouse and performance.”

In particular, the Anova system is targeted at integrating data from multiple systems into a comprehensive investment data model. This amounts to a blueprint for an effective investment management business.

“The IBOR has become a key operational requirement across the investment industry. It lets market practitioners update their position across all asset classes near real time,” Mr. Kennedy points out. The capability to link the front and back offices for clients enables them to monitor and value their positions, as well as offering them portfolio analytics on a real time basis.

From another standpoint, the system has been gaining popularity in Asia. “We’re making remarkable headway on the asset servicing side. The firm currently has about 90 investment management solution (IMS) customers including Anova and its asset servicing solution, HiPortfolio across the Asia Pacific region,” he adds.

In Mr. Kennedy’s opinion, the firm’s regional engagement can only grow, particularly given its strong client uptake in China. This includes the two largest financial and insurance entities. “We’ve seen the way Chinese insurers manage their data changing as the market becomes more mature,” he says.

Even with the lift provided by the growing demand on the asset servicing side, however, Mr. Kennedy admits that many Asian investors still do not have a clear understanding of the IBOR concept.

“We are spending more time educating the market and bringing the essential learning from mature markets, such as the US and UK, into this part of the world. It’s important to note, however, that our business remains focused on asset servicing, investment data management and performance in Hong Kong, Singapore, and China,” he adds.