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Zurich Cantonal Bank moves from RPMS to Odyssey's Triple'A Plus(TM) platform
The chosen solution, including the Performance calculation and Advanced Analytics modules, provides the bank with a wide range of sophisticated portfolio management and reporting functions. By upgrading to Triple'A Plus(TM) , ZKB will also benefit from a platform that 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(TM) has been connected with the core banking systems of ZKB and now displays uptodate holdings and handles the integrated order management. Moreover, the bank is now able to produce enhanced client reports for discretionary, advisory and executiononly portfolios with Triple'A Plus(TM) .
"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(TM) 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(TM) was integrated Backto-Front with the core banking systems to accurately reflect holdings and this was followed by the development of comprehensive client reporting. The bank completed the rollout, 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 Germanspeaking part of Switzerland, to our Triple'A Plus(TM) 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.
About Zurich Cantonal Bank
Founded in 1870, the Zurich Cantonal Bank is Switzerland's largest Cantonal Bank and the third largest Swiss bank. It is also the leading universal bank in the Zurich region, the most populous of the Swiss Cantons with wealth levels that are among the highest in Europe. ZKB is today one of the largest asset managers in Switzerland, with client assets of more then CHF 130 billion.
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