DnB Takes ACT's Unity, Quasar For Straight Through Processing

PORTFOLIO MANAGEMENT

Den norske Bank (DnB) is installing ACT Financial Systems' Unity Front Office portfolio management and Quasar investment accounting packages at a number of its investment management groups, with some £3.5 billion ($5.8 billion) in assets under management. The £1.9 million ($3.1 million) deal represents the first in Scandinavia for ACT's Unity and Quasar systems.

The 70-user system will be implemented at DnB Asset Management Division, DnB Investor (Funds Management) and Vital Forsikring, DnB's

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