The solution includes performance calculation and advanced analytics modules, to provide the bank with a range of portfolio management and reporting functions. Moreover, the solution can be extended to include new features and additional functionality.
ZKB manages its asset allocations and model portfolios on the platform, automating its discretionary portfolio management with portfolio rebalancing. Triple’A Plus has been connected up with ZKB’s core banking systems to get up-to-date positions and operates the integrated order management system.
The deployment has enabled the bank to produce enhanced client reports for discretionary, advisory and execution-only portfolios.
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.
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Iwan Deplazes, head of asset management at Zurich Cantonal Bank, said: “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.”
Thierry Divenot, general manager of southern Europe at Odyssey Financial Technologies, said: “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.”
