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)
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
''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
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