Financial Objects, a leading provider of advanced technology solutions for banking, wealth management and energy, today announced that Gary Linieres will head up its Wealth Management division. This move reflects the significance of this growing division to Financial Objects, which now accounts for 12 percent of the company's turnover.
In his role as managing director of the new division, Gary Linieres will focus on the continual development of Financial Objects' wealth management product offering and extending the company's business into new geographies. The Wealth Management division currently comprises in excess of 50 people globally.
Previously, Linieres was sales director for the wealth management and retail banking suite of products at Financial Objects. He joined Financial Objects in 2005 to lead its investment services business, following the company's acquisition of Wealth Management Software plc the same year. Since entering the wealth management market Financial Objects has achieved significant growth in this sector.
The wealth management sector itself is experiencing vast growth. According to many analysts and a variety of industry reports, the wealth management industry is set to grow exponentially over the coming years.
"The new generation of wealthy individuals are more demanding and increasingly astute. This is driving wealth managers and private banks to provide higher levels of service and investment coverage than ever before, and have effective technologies in place to process, manage and report on investment data," says Gary Linieres, managing director of the Wealth Management division. "Our solutions have been designed from inception to help meet these challenges in a totally integrated way, so we're well placed to take advantage of the continuing growth in this area."
The Financial Objects Wealth Management Suite comprises three front and middle office solutions, which streamline the investment management process - improving customer relations, management and retention.
- Activebank Wealth Manager - a portfolio management system for private client wealth managers and institutional fund managers.
- Activebank Orchestrate - a data integration and workflow management tool, which is used for business processes management and client reporting.
- Activebank Personal Investment Platform - enables the administration of multiple types of private client investments such as pensions, PEPs and ISAs.