New York, June 27th, 2006 – Odyssey Asset Management Systems, a global leader in wealth management & private banking solutions, and NorthStar Systems International Inc., a US leader in enterprise wealth management solutions, have announced a strategic technology and joint marketing alliance to create the world’s premier global wealth management platform across both private client and investment management.
Through the provisions of this partnership Odyssey will integrate NorthStar’s wealth management solutions (Sales & Proposals, Planning, Product Catalog & Research, Portfolio Construction and Client Wealth Management) and subsystems (Client Hierarchy and Enterprise Product Hub) with the Odyssey Component Suite (OCS). OCS delivers advanced portfolio management, relationship management & reference data management capabilities to serve the front & middle offices of wealth & asset managers worldwide. In addition, both companies will refer opportunities and jointly market to each other’s prospects and clients across the globe.
“Our alliance with NorthStar allows Odyssey to better serve our clients by providing the leading wealth management solution for asset gathering and asset servicing,” said Antoine Duchateau, Chairman of Odyssey Asset Management Systems. “We are very committed to providing our clients with superior service and state of the art technology to help them gain greater efficiencies and a competitive advantage. This alliance with NorthStar enables us to continue to deliver on that commitment,” added Mr. Duchateau.
“By partnering with Odyssey, we at NorthStar can now expand our combined offering to service global wealth management firms that require best of breed wealth & investment management solutions,” said Robert Zangrillo, Chairman & CEO of NorthStar. “This alliance creates a market leading offering that will allow our joint clients to leverage the best of breed solutions from the two premier wealth management providers together capable of supporting large-scale global deployments.”
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