JPMorgan Investor Services, the custodian division of J.P. Morgan Chase, will implement HiPortfolio/3, an investment-accounting system from DST International. The Surrey, U.K.-based vendor will provide JPMorgan a U.K. insurance third-party-administration system. Wade McDonald, JPMorganis vice president of Asset Management Solutions Group business development, said in a press release that the custodian chose the solution based on DSTiis reputation, as well as its wide usage in the U.K.-insurance industry.
Credit Suisse Asset Managementis Australia operations has announced plans to integrate its desktop and master-trust systems. The firm will use an electronic-messaging system from Sydney, Australia-based InfoComp called Conductor, to automate transaction processing and eliminate re-keying between front and back-end systems. InfoComp will work with CSAMis Market Trust product, as well as IWL Limitedis VisiPlan financial-planning software to achieve straight-through processing for CFAMis advisersi financial plans, according to a statement from Brian Thomas, head of distribution at CSAM. The development of the systems is being finalized, and the new integrated solution is expected to launch in the next few months.
SS&C Technologies, a Windsor, Conn.-based investment-technology vendor, has announced its acquisition of NeoVision Hypersystemsi assets. The New York City-based NeoVision offers Heatmaps technology that uses color, sound, animation and pattern to integrate financial data and analytics into color displays to gain trading-activity customer-portfolio-performance views. SS&C paid $1.6 million and assumed certain liabilities for NeoVision. According to a statement from SS&C chairman and CEO Bill Stone, iadds another layer of product offerings we can now offer the trading community,i and iallows portfolio managers, traders and brokers to rapidly digest huge amounts of financial data and uses visual cues to help them track, analyze and understand thousands of positions instantly.