Fund-Technology.com

STANLIB selects Milestone for funds processing

Posted: 20 March 2009

Wealth management house STANLIB has announced that it will replace its existing unit pricing and related internal applications with Milestone Group's fund processing platform.

STANLIB have also licensed pControl's reconciliations capability which is able to support complex reconciliations and is an integrated component of the pControl solution.
Shawn Smith, CIO of STANLIB said: "We selected pControl after an analysis of each of the market leading solutions and having undertaken market research on pControl and Milestone Group. We were impressed by the global applicability and highly configurable nature of pControl and the ability to support integrated end-to-end business processing.

Milestone Group CEO, Geoff Hodge said "We are very pleased to welcome STANLIB as our first client in South Africa and look forward to assisting them to achieve their business objectives through the use of our pControl fund processing solution. "pControl is utilised by leading market players in 7 countries across Australasia, South Africa, Europe and North America.

 

 

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