Odyssey Financial Technologies SA

Odyssey Financial Technologies SA

May 03, 2007 10:40 ET

Odyssey signs its first project in Poland with BZWBK AIB Asset Management

KIRCHBERG, LUXEMBOURG--(CCNMatthews - May 03, 2007) - Odyssey Financial Technologies, a global industry leader in the provision of private banking and wealth management solutions and services, is pleased to announce that BZWBK AIB Asset Management has selected Odyssey's wealth management platform for supporting its fast growing Private Banking and Investment Funds management businesses in Poland.

The Odyssey platform including the Portfolio Manager and Relationship Manager Workstations will cover the complete Client Management and Portfolio Management value chain, including front- and middle-office solutions for MiFID related regulations such as Articles 19 and 21 - respectively covering the conduct of business and order execution obligations.

The selected platform scope also covers business requirements such as high quality client reporting, cash flow projections, portfolio modelling, investment constraints management, rebalancing, performance attribution, risk management and portfolio monitoring.

"We selected Odyssey after an in-depth review of local and international wealth management software suppliers. We believe that the combination of Odyssey's top class client base, the scope of their platform components and their professional services approach has convinced us of their ability to become our business partner for the future" said Mr. Krzysztof Grzegorek, President of the Management Board of BZWBK AIB Asset Management S.A.

"We are delighted to having been selected by BZWBK AIB Asset Management, one of the leading Polish investment management players. It is our first project in Poland and we are determined to transform it into a reference that all parties can be proud of" says Michel Jongen, Odyssey's General Manager responsible for Central and Eastern Europe.

With solutions ranging from fast start 'entry' packages for Portfolio- and Relationship Managers to enterprise-wide wealth management platforms, adaptable to multiple user-groups and market segments (asset management, HNWI and mass affluent private clients), Odyssey's Component Suite is highly scalable and customisable. Building interfaces with other applications is greatly simplified with the Odyssey Gateway Pack.

As a 'best-of-breed' solution supplier, where relevant Odyssey has embedded market leading components for reporting, system integration and web access - delivered as part of Odyssey Component Suite.

About Odyssey Financial Technologies

Odyssey is an industry leader in the global provision of wealth and asset management solutions and services. More than 180 financial institutions in 30 countries have chosen Odyssey solutions; of the top 25 European banks, 15 are Odyssey customers. Odyssey focuses on providing a comprehensive range of components for portfolio management, advisory, customer relationship, compliance, risk, and analytics. The components are deployed on a single scalable wealth and asset management platform, facilitating the enterprise-wide implementation of solutions and data management.
Founded in Luxembourg in 1995, Odyssey today has offices in the key financial centres, including London, New York, Singapore, Zurich, Frankfurt, Brussels, Geneva, Madrid and Tokyo. Odyssey's operational head office and main development centre is located in Lausanne, Switzerland. Throughout this knowledgeable network Odyssey employs over 420 professionals.

For further information, please visit: http://www.odyssey-group.com.

About BZWBK AIB Asset Management

BZWBK AIB Asset Management is a leading Polish asset manager. The company is Poland's number one in separate accounts business for HNWI with over 50% market share and number two investment fund manager.

(C) Odyssey Financial Technologies

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