MassMutual Asia Selects Asia Financial Network's WealthSuite(TM) to Enhance Fund Operations
HONG KONG, Oct. 13 /PRNewswire/ -- Asia Financial Network Ltd. (AFN), a wholly owned subsidiary of iMerchants Ltd. (SEHK: 8009), announced today that MassMutual Asia Ltd. (MassMutual Asia), the Asian operation of US-based MassMutual Financial Group, has selected to deploy AFN's WealthSuite(TM) Mutual Funds. WealthSuite(TM) is an integrated software suite that enables customer- focused wealth management services and highly efficient order processing operations. With AFN's WealthSuite(TM) Mutual Funds as their new fund distribution processing system, MassMutual Asia will further enhance its ability to deliver innovative fund products and excellent service to its customers. ''MassMutual distinguishes itself by providing superior financial service to its customers,'' said Mr. K.P. Tay, President of MassMutual Trustees Ltd. ''With a sales force of over 1,700, one of the biggest broker networks and plans for regional expansion, the importance of reducing the fund order request turnaround time by further automating our fund processing operations cannot be underestimated. We are confident that with the deployment of AFN's WealthSuite(TM) Mutual Funds, MassMutual's strength in wealth management will further be enhanced.'' WealthSuite(TM) Mutual Funds provides for all the functions needed to operate a fund business right from daily operations to cash account management. ''AFN's WealthSuite(TM) Mutual Funds will enable MassMutual to greatly enhance its operations efficiency and flexibility, and will serve as a foundation for further strengthening its ability to provide world class wealth management services,'' stated Mr. Edward Un, AFN's General Manager and Chief Technology Officer. Both MassMutual Asia and her sister company OppenheimerFunds (Asia) Ltd. will deploy AFN's WealthSuite(TM) Mutual Funds. Their parent company, MassMutual Financial Group is a member of the Fortune Global 500 and ranks as the 4th largest American life insurer. About Asia Financial Network Limited Asia Financial Network Ltd. provides wealth management software for financial services institutions in Greater China, helping them expand their product and service offering, enhance customer care and improve business operations' efficiency. The Company is a wholly owned subsidiary of Hong Kong GEM board listed iMerchants Ltd. (SEHK: 8009). It serves a largely Hong Kong-based clientele from offices in Hong Kong and Beijing. For more information, call +852-2101-9090 or visit http://www.afn.com . About MassMutual Asia Ltd. MassMutual Asia Ltd. is a member of the US-based MassMutual Financial Group and the flagship company for the group's development of insurance markets in China and Asia. It offers diversified insurance products and services including a full range of life insurance, investment-linked insurance, annuities, education fund investment plans, health and medical benefits, disability income protector, accident benefits, group life and health insurance and MPF scheme, etc. For more information, call +852-2919-9504 or visit http://www.massmutualasia.com .
SOURCE Asia Financial Network Limited
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