Dai-ichi Life Vietnam Fund Management, the wholly-owned subsidiary of Dai-ichi Life Insurance Company of Vietnam, has gone live with SS&C PORTIA to support its middle- and back-office investment operations.
"Our AUM is increasing rapidly with high growth of life insurance business, while Vietnam is continually refining its regulatory reforms. In response to our business requirements, and these regulatory and fiduciary pressures, we needed a technology solution to scale as market and business needs change," says Takashi Fujii, chairman, Dai-ichi Life Vietnam Fund Management. "We chose PORTIA for multiple reasons including ease of use, the ability for the company to grow with the solution, proven track record in the region, and the flexibility to meet our evolving regulatory reporting obligations."
"We are delighted to add Dai-ichi Life Vietnam to our growing list of investment managers in Asia," says Christy Bremner (pictued), senior vice president and general manager, SS&C's Institutional & Investment Management division. "As regulatory reporting obligations become more complex, PORTIA provides a single, streamlined investment management solution to help investment managers accelerate growth while managing operational risk."
PORTIA provides a broad set of middle-to-back office capabilities to allow investment managers to track and manage the day-to-day activity in investment portfolios to support global accounting requirements.
Offered on a deployed and hosted basis, the solution supports a wide range of functions including corporate action processing, internal reporting, client reporting, regulatory reporting, performance measurement and attribution and post trade compliance.
PORTIA also provides a complete audit trail of all activities and security controls.