Zurich Cantonal Bank migrates from RPMS to Odyssey’s Triple’A Plus

The Zurich Cantonal Bank (ZKB) has successfully implemented Triple’A Plus, […]

February 24, 2010

The Zurich Cantonal Bank (ZKB) has successfully implemented Triple’A Plus, the portfolio management platform by Odyssey Financial Technologies, a global provider of front- and middle-office software for the Private Banking, Private Wealth Management and Asset Management industries, to support the growth of its asset management business in Switzerland. ZKB is the third largest bank in Switzerland with more than 4,800 employees.

The solution, which includes Performance calculation and Advanced Analytics modules, provides the bank with a wide range of sophisticated portfolio management and reporting functions. It can easily be extended to include new features and additional functionality.

ZKB manages its asset allocations and model portfolios on the platform, fully automating its discretionary portfolio management with portfolio rebalancing. Triple’A Plus has been connected up with ZKB’s core banking systems so that it displays up-to-date positions and operates the integrated order management system. In addition, the bank is now able to produce enhanced client reports for discretionary, advisory and execution-only portfolios.

“We selected Odyssey’s sophisticated portfolio management platform because of its flexibility and its capacity to design and implement an investment process that reflected our organizational requirements. Triple’A Plus is going to be used by our portfolio managers to cover our complete asset management value chain,” explains Iwan Deplazes, Head of Asset Management, Zurich Cantonal Bank.

The platform was implemented in three phases. First, Triple’A Plus was integrated Back-to-Front with the core banking systems to accurately reflect instrument positions and this was followed by comprehensive client reporting. The bank completed the roll-out, including an integrated order management module for single and block orders, in November 2009.

“We are delighted to welcome the Zurich Cantonal Bank, one of our major customers in the German-speaking part of Switzerland, to our Triple’A Plus community. Along with the installation of our portfolio management solution in four other cantonal banks and several prestigious private banks in this part of Switzerland in recent years, this latest deployment highlights our strong presence and competitiveness in the country,” comments Thierry Divenot, General Manager Southern Europe, Odyssey Financial Technologies.

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