15-Mar-03
Dublin-based Anglo Irish Bank, which selected Odyssey's market-leading Triple'A portfolio management system to support front office operations in the Wealth Managment Division last November, has now decided to equip Customer Relationship Managers with Triple'A accessible through the new Triple'A Web User Interface.
Anglo Irish Bank Corporation plc, provides Business banking, Treasury and Wealth Management services.
Anglo Irish Bank was founded in 1964 and became a publicly quoted company in 1971 on the Dublin and London Stock Exchanges. The bank has an asset base of €18 billion, capital resources of €1.7 billion and €4bn in funds under management.
Besides Dublin, Anglo Irish has operations in 5 other Irish cities, 5 UK cities, and in the USA (Boston, New York),Austria (Vienna), Switzerland (Geneva), Isle of Man, and Germany (Dusseldorf).
The bank is implementing Triple’A via a "hub-based approach" supporting Private Banking operations in Dublin, Isle of Man and Vienna from an IT centre in Vienna.
Anglo Irish selected Odyssey & Triple'A after an extensive review and evaluation of the solutions available from banking software vendors. Brian Cahalin, Head of Group Investment Operations, from Anglo Irish commented, "Odyssey was chosen as a partner due to its proven track record of successful projects throughout Europe, the comprehensive advanced functionality available with Triple'A, and its experienced consultants demonstrating a detailed understanding of our business.”
Odyssey proved how the Triple’A solution could assist Anglo Irish in maintaining and developing its long established reputation, built on relationship management, service quality and professionalism, which has been the foundation for the Bank’s sustained market leading performance. As specialist in Private Banking systems, Odyssey has developed a platform that supports both the investment manager and the client relationship manager in their respective roles.
Key functionality required by the Bank and offered in Triple'A includes sophisticated client reporting, advanced performance measurement and full portfolio modelling capabilities.
Charlie Barrass, Odyssey COO, commented, "OAMS has an important and growing Triple’A user base in the UK and Ireland and we have a strong commitment to this market. In addition, we have strong and experienced implementation teams in German-speaking Europe and these local OAMS resources have the right skills mix to fully support Anglo Irish bank in its focused business plan objectives."