saw total shareowner accounts drop
by 0.9 percent, or 1 million accounts, from March 31 to June 30. The Kansas City, Missouri-based back-office provider
ended the second quarter with 111.8 million accounts.
As of June 30, DST handled 95.2 million registered accounts, down 2.3 percent, or 2.2 million, from March, and 16.6 million
subaccounts, up 7.8 percent, or 1.2 million from March.
DST said in an earnings release on Tuesday that
during the second quarter, two of its existing clients informed the company of their plan
to convert around 700,000 new registered accounts to DST's platforms
by yearend. The press release did not state the identities of the clients.
The company also previously announced that two clients affiliated with Bank of New York
Mellon informed DST of their plan to leave between September of this year and mid-2012.
Those clients represent around 8.4 million subaccounts and 800,000 registered accounts.
Last week, DST unveiled a deal
to buy ALPS
for $250 million. The transaction is expected
to close in the fourth quarter.
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