DST to Provide Recordkeeping Services for Galaxy, Columbia Fund CompaniesColumbia Management Group cites DST’s breadth of offerings, flexibility over years of service.March 20, 2003 KANSAS CITY, MO., MARCH 20, 2003 – DST Systems, Inc., the nation’s largest provider of mutual fund shareholder recordkeeping services, today announced the recent conversion of the Galaxy and Columbia funds to TA2000â, DST’s mutual fund transfer agency platform. The Galaxy and Columbia funds are managed by Columbia Management Group, the asset management arm of FleetBoston Financial. The conversion of these two fund groups brings the number of Columbia Management Group shareholder accounts that DST services to approximately 2 million and represents about $40 billion in investment assets. Columbia Management Group cites DST’s breadth of offerings and ability to accommodate its evolving business needs as reasons to further its relationship with DST. “Columbia Management has grown considerably through mergers and acquisitions, and our shareholder accounting and administration needs have changed a great deal,” said Joseph Palombo, Chief Operating Officer for Columbia Management Group. “DST Systems was able to offer flexible and diverse technologies and services, such as defined contribution recordkeeping and back office outsourcing. We take advantage of DST’s services in almost every way we can.” “We’re proud to provide these services to Columbia Management Group,” said Tom McCullough, Chief Operating Officer for DST Systems. “For a management company as diverse as Columbia to take advantage of so many of our offerings is truly an endorsement. We look forward to continuing to meet Columbia’s evolving business and technology needs.”
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