SOURCE: FundQuest

October 11, 2006 10:05 ET

First Hawaiian Bank Partners With FundQuest to Launch Wealth Management Platform to Serve Trust and Private Banking Clients

HONOLULU, HI and BOSTON, MA -- (MARKET WIRE) -- October 11, 2006 --First Hawaiian Bank announced today that it has just launched a new wealth management platform through a strategic partnership with FundQuest Incorporated, a leading provider of turnkey asset management solutions for financial institutions.

First Hawaiian's new platform, PrivateInvest, is a comprehensive investment portfolio selection and management program. The platform's open architecture integrates FundQuest's best of breed investment and separate account manager selection process with First Hawaiian's proprietary investment management team.

FundQuest's wealth management platform was customized to meet the specific investment advisory needs of First Hawaiian, its investment officers, and its clients. First Hawaiian will use the platform to develop investment strategies and asset allocation proposals that are based on each individual client's tolerance for risk, financial goals, and time horizons.

"We are pleased to make this proven investment program available to our customers. Clients today want a choice of professional, high quality investment management options that are effective, cost-efficient and customizable," according to Donald G. Horner, First Hawaiian president and chief executive officer.

FundQuest's wealth management platform is available to bank trust departments, private banks, bank broker-dealers, insurance companies, independent broker-dealers, and registered investment advisors. FundQuest also provides integration services for clients who want their existing trust accounting systems linked to FundQuest's wealth management platform.

According to Robert Del Col, President of FundQuest, "With the launch of PrivateInvest, First Hawaiian will be well positioned to accelerate the growth of their assets. First Hawaiian is among the leaders in the rapidly growing demand for open architecture services by bank trust and wealth management companies."

About First Hawaiian Bank

First Hawaiian Bank ($11.8 billion in assets) was founded in 1858 and is Hawaii's oldest and largest bank. It has 57 branches in Hawaii, three on Guam and two on Saipan. It is a subsidiary of BancWest Corporation (, a financial holding company with assets of $66.7 billion.

About FundQuest:

FundQuest is a leading provider of customized turnkey managed investment account solutions to premier financial institutions. The combined US and European operations of FundQuest have $30 billion in assets under management and administration. Financial institutions leverage FundQuest's flexible menu of wealth management solutions to deliver: mutual fund advisory, separately managed accounts, fee-based brokerage, unified managed accounts, retirement, trust, annuities, exchange-traded funds, and alternative investments. The company's open technology architecture, objective investment management services, and sales and marketing resources help financial advisors to address their clients' important financial goals. Services are offered in the US through FundQuest Incorporated, a Registered Investment Advisor founded in 1993. FundQuest is owned by BNP Paribas, a European leader in banking and financial services, with operations in 85 countries worldwide and a significant and growing presence in North America.

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