UniCredit chooses Odyssey’s Triple’A Plus™ platform to support its Private Banking operations in Italy, Austria and Luxembourg

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Odyssey Financial Technologies, a global provider of Private Wealth and Asset Management solutions and services, today announced that UniCredit Private Bank Italy, Bank Austria and HVB Luxembourg, have selected Odyssey’s Triple’A Plus™ as their portfolio management and advisory platform.

UniCredit Private Bank Italy, Bank Austria and HVB Luxembourg will together equip more than 1,000 portfolio managers and relationship managers for their discretionary and advisory portfolio management business. The earlier successful implementation of Triple’A Plus™ by HypoVereinsbank Wealth Management and DAB bank in Germany, and by Schoellerbank in Austria - now all part of UniCredit Group - was a key criterion in the decision process.

Michel Jongen, General Manager, Western Europe and C.I.S., Odyssey, explains, “Building on the success of these projects, UniCredit have decided to standardise their Private Banking platforms with Triple’A Plus™ in order to align their domestic and international business and operating models. This will create synergies, the sharing of best practices and client service consistency.

“As the supplier of Private Banking business technology to 15 of the 25 top European banks, Odyssey is the right partner for an international group such as UniCredit. Our scalable solutions are adaptable to each country’s business requirements, which is essential for UniCredit.”

In addition to the unrivalled portfolio management and analysis functions of Triple’A Plus™ the three locations will benefit from a wide range of active advisory capability, including the building of guided investment proposals and the automatic monitoring of client portfolios, triggering alerts for action and proactive advice. The project will also include integration with tetralog systems AG’s solution components, including risk/return modelling and ‘efficient frontier’ optimization.

Antoine Duchateau, Odyssey’s CEO adds, “We are extremely pleased with our extended UniCredit Group collaboration. It is the result of a longstanding partnership and UniCredit’s trust in our ability to help them remain at the forefront of the Private Banking industry.

About UniCredit Group
UniCredit is a major international financial institution with strong roots in 22 European countries as well as representative offices in 27 other markets, with over 40 million clients and more than 10,200 branches, approximately 174,000 employees at 31 December 2008. In the CEE region, UniCredit operates the largest international banking network with over 4,000 branches and outlets.

The Group operates in the following countries: Austria Azerbaijan, Bosnia and Herzegovina, Bulgaria, Croatia, the Czech Republic, Estonia, Germany, Hungary, Italy, Latvia, Lithuania, Luxembourg, Kazakhstan, Kyrgyzstan, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, Switzerland, Turkey and Ukraine.

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