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Border Asset Management Chooses Financial Objects' activebank Wealth Manager to Support Future Growth

London, 9 May 2006 - Financial Objects, a leading international supplier of advanced technology software solutions for banking, wealth management and risk, today announced that UK-based investment management company, Border Asset Management (Border), has signed an agreement to license Financial Objects' front office solution - activebank Wealth Manager.

Border plans to double its funds under management in the next few years and needed to replace its existing mixture of home-grown systems with an advanced technology solution that would enable it to serve its client base more effectively, more quickly and with less effort. Border sought a front-office solution that would integrate with the back-office system of its custodian bank, Adam & Company - a leading private banking system.

Border chose Financial Objects' activebank Wealth Manager over competitive solutions for its ease of use, yet comprehensive functionality. Financial Objects will assist Border in testing and implementing a reusable interface between activebank Wealth Manager and Border's back office custody system.

As a complete front-office application, activebank Wealth Manager will enable Border to effectively manage the entire investment lifecycle of each client. It will give Border managers a single detailed view of each client's portfolios, enable them to analyse the data thanks to integral CRM and powerful portfolio analysis and management tools, monitor performance and deliver timely, high quality client reports.

activebank Wealth Manager delivers a holistic view of client investments, making it easier to develop a personalised investment strategy, manage a portfolio and track ongoing performance in line with client mandates. Data from each stage of the investment lifecycle is handled and stored within the wealth management data hub, allowing for a single point of access and reporting.

"Choosing activebank Wealth Manager made good business sense," said Mark Arkwright, managing director at Border Asset Management. "It is easy to use, cost-effective to deploy and, importantly, will enable us to offer an even better service to our clients. It works seamlessly with our existing back-office custody system and is going to be an important factor in the success of the company as we move through this period of expansion."

Stewart Foster, director of the activebank division at Financial Objects commented, "As the asset and wealth management sector continues to face new challenges including increased competition, more demanding clients and mounting regulatory compliance, we are finding that our clients turn to technology in order to differentiate and transition services from pure investment advice to more complex investment strategy."

"With 'go-live' planned for July of this year, Border is one such company that is going to prove the competitive edge that technology can deliver in this market. Financial Objects is delighted to have been selected by Border as a partner in its period of growth and it is evidence of our growing success in the private client investment management sector."