Odyssey Wealth Management Solution Up and Running within Three Months at Scandinavian Start-Up First Securities Private Banking
First Securities Private Banking Geared to Capture Wealth Management Market Following Go Live with Odyssey’s Comprehensive Wealth Management Solution
20-Nov-07
Odyssey Financial Technologies, a global provider of private wealth
and asset management solutions and services, has announced that Swedbank
subsidiary First Securities ASA’s new private banking venture,
First Securities Private Banking AS has gone live with the Odyssey Wealth
Management Solution. The implementation was completed in three months
in preparation for First Securities Private Banking’s official
launch to the Norwegian market in January 2008.
Odyssey’s scalable Wealth Management Solution supports the entire
process from prospecting to the secure and compliant handling of client
data. It automates the investment processes and delivers professional
reporting to clients. The comprehensive package with its uniquely integrated
Relationship Management and Portfolio Management functionality has been
implemented in its standard configuration allowing for Norwegian and
First specifics.
Jon Herheim, head of
First Securities Private Banking says: “Odyssey’s experience
and expertise in delivering Wealth Management solutions in time and
to budget has provided us with an excellent head start. Odyssey’s
scalable platform will support the growth of our business and First’s
strategy of delivering superior private banking services.
First Securities Private Banking’s team of 40 experienced private
bankers offer a full range of private banking services including asset
management and diversification strategies, pension planning, income
and wealth protection, inheritance and generation transitions, and tax
management.”
Steve D'Souza, general manager, Northern Europe, Odyssey adds: “First Securities Private Banking is positioned for success in one of the fastest growing on-shore private banking markets in Europe. Odyssey’s Wealth Management Solution eliminates routine processes and provides the ultimate tool set, enabling investment managers to focus on value-added services and comprehensive wealth management services.”
About First Securities Private Banking
First Securities is one of Norway’s leading brokerage houses,
with a strong position in the Norwegian securities trading market. The
company has one of the highest ranked analysis teams in the business,
a strong distribution capacity and a tightly knit team of co-workers
that have achieved excellent results for many years.
First Securities Private Banking will create value for customers by
capitalising on the know-how, skills and experience in its parent company,
in addition through our 40 trusted private bankers with an average of
10 years experience from the private banking / wealth management industry
in the Norwegian market.
First’s employees are constantly working to improve their results,
and the company maintains a strong focus on reliability, integrity and
ethics. Over the past 20 years the team has experienced some of the
best booms and worst slumps in the stock market. This has made First
employees highly adaptable, and the company has successfully defended
its position through constantly changing market conditions. This is
also reflected in our team-spirit, where the focus is on stability and
thinking in the long term.
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