20-Mar-02
Bankhaus Maffei has chosen Odyssey's portfolio management solution Triple'A to serve their private clients. Bankhaus Maffei forms part of the newly established "HVB Wealth Management" business unit within HVB Group.
Odyssey's solution is currently being implemented for use in private banking in the areas of portfolio and order management. This is as part of the bank's objective to simplify, standardise and industrialise the investment process.
Three key reasons stood out in BHM's choice of a portfolio management system: Triple'A's architecture which enables implementation in different institutions throughout the HVB Group's Wealth Management division, its ease of implementation in a Back-to-Front or Front-to-Back context, and, most importantly, the unmatched functional coverage of the system.
Antoine Duchateau, Odysssey's CEO, says: "Odyssey is putting a particularly strong commitment into this new partnership. Bankhaus Maffei has defined a future strategy focussing on the increasing growth of their advisory portfolio management business through web-based and other new distribution channels. Our strategy is to build excellent solutions for the requirement of this business area, and this compatibility sets the stage for a long-lasting mutually beneficial relationship."