20-May-02
Odyssey Asset Management Systems (Odyssey) has signed a new contract with the Fortis Group, thus reinforcing its market-share in Belgium and Amsterdam. The contract, which has been signed by Fortis Group, Fortis Belgium and MeesPierson, includes several different projects requiring multi-phased implementation. Preliminary implementation is scheduled to begin in January 2001.
The Fortis Group is not enitrely new to Odyssey's client list. Experience at Banque Générale du Luxembourg and Theodoor Gilissen (both Fortis Group members currently in production with Triple'A) has shown that the system is capable of handling the rigorous technical and business-based demands expected of it. Added value will be gained from the automation of all portfolio management activities and the usage of complex investment strategies. Key for Fortis was Triple'A's web offering and the ability to handle large volumes of data.
Fortis Group is a leader in the fields of insurance, banking, investment and bancassurance. The group employs a workforce of over 62,000 and offers a broad package of financial services through a variety of distribution channels. In its home market, the Benelux countries, Fortis is one of the largest providers of integrated financial services to individuals, companies, institutional investors and the public sector. In other European countries, the United States and Asia, Fortis concentrates on selected market segments. The focus is on those markets and market segments in which Fortis can play a leading role and where it can achieve profitable growth.
MeesPierson has grown in proportion to the global aspirations of its clients, establishing offices in Asia, South America and the Caribbean. As one of the top 10 private banks in Europe, MeesPierson is well-established in the Netherlands, Belgium, Spain, Switzerland, Luxembourg and the Channel Islands.
Triple'A is a Web-enabled, integrated, highly-scalable portfolio management system providing performance measurement, asset allocation & modelling, order management, reporting and risk management tools for Private Banking. Its functional breadth, extensive instrument coverage and modern architecture provide the tools sought by Portfolio and Relationship Managers to offer exceptional service to their clients.