Milestone ramps up offering in South Africa 26 March 2013London Reporter: Georgina Lavers
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South African fund administrator Curo Fund Services has selected Milestone’s pControl platform to service multi-manager and life clients.
Using pControl, Curo hopes to be able to offer a superior, more efficient administration service across NAV / unit pricing, cash allocation and rebalancing, unitised order management and income distribution.
Curo will also leverage pControl’s integrated reconciliation, accounting and data manager capabilities, delivering process transparency and audit trail across the board for multi-manager and life clients.
“Efficiency, value and transparency are the most important things to us and our clients”, said Hank Pienaar, managing director of Curo. “As the funds industry in South Africa matures, it becomes increasingly important to deliver on all these fronts. This is a significant step for Curo, with pControl’s inherent flexibility providing a solid platform for enhanced automation across the business.”
Paul Roberts, managing director EMEA of Milestone Group said: “South Africa is an increasingly active market for Milestone Group, and pControl’s ability to solve multiple business challenges on one fund-centric platform is attracting increased attention. It is a compelling option for organisations seeking greater control coupled with greater efficiency.”
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