Socit Gnrale Group has selected TripleA Plus from Odyssey Financial Technologies to upgrade its portfolio management system for its Private Wealth Management activities in France.
The bank plans to gradually roll out TripleA Plus to its SG29 portfolio managers and Private Banking relationship managers in 2010. Both types of users will benefit from TripleA Pluss advanced portfolio management, performance attribution and asset valuation functions.
TripleA Plus will interface with Socit Gnrale’s main back-office software platforms to optimise operational processes. TripleA Plus, a software platform in the private banking area, allows firms to minimize operational risks, reduce their running costs and increase the productivity of their portfolio and relationship managers.
“Our choice turned to Odyssey for the in-depth functional coverage and modularity of their TripleA Plus product,” says Philippe Loiseau, COO, SG Private Banking. “An important factor was also our ability to leverage existing synergies with our international Private Banking operations in Switzerland, Luxembourg, Singapore, Hong Kong or London, where TripleA Plus has been successfully used for many years.”
“We look forward to further developing our existing partnership with Odyssey to guarantee that the French platform goes into production in a short time-frame at the lowest possible costs.”
“We are very happy to be able to count SG Private Banking among our clients,” says Antoine Duchateau, CEO, Odyssey. “This new signing demonstrates both our existing clients’ trust and their satisfaction. We hope that this project will allow us to continue developing our business in the French market and strengthen our business ties with the Socit Gnrale Group.”
L.D.