Phillip AM installs DSTi investment management system

Phillip Asset Management, a Thailand-based subsidiary of Asian stock broking company Phillip Securities Group, is to install DST International's (DSTi) investment management offering. DSTi says the system, HiPortfolio/3, will allow Phillip Asset Management to achieve better accuracy and quicker response times by automating its operational procedures. The vendor is looking to expand its operations in the Thai market, where it currently has 40 clients.