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SG Private Banking France chooses Odyssey's Triple’A Plus™ platform

Odyssey Financial Technologies, the global provider of Private Wealth and Asset Management solutions and services, is pleased to announce that the Société Générale Group has selected Triple’A Plus™ to upgrade its portfolio management system for its Private Wealth Management activities in France.

The bank plans to gradually roll out Triple’A Plus™ to its SG29 portfolio managers and Private Banking relationship managers in 2010. Both types of users will benefit from Triple’A Plus’s advanced portfolio management, performance attribution and asset valuation functions.

Triple’A Plus™ will interface with Société Générale's main back-office software platforms to optimise operational processes.

Odyssey was chosen by SG Private Banking France at the end of 2008 after a comprehensive selection process which followed a call for tender sent out to most portfolio management software vendors.

Philippe Loiseau, COO, SG Private Banking, comments, "Our choice turned to Odyssey for the in-depth functional coverage and modularity of their Triple’A Plus™ product. An important factor was also our ability to leverage existing synergies with our international Private Banking operations in Switzerland, Luxembourg, Singapore, Hong Kong or London, where Triple’A Plus™ has been successfully used for many years. We look forward to further developing our existing partnership with Odyssey to guarantee that the French platform goes into production in a short time-frame at the lowest possible costs."

Triple’A Plus™, one of the leading software platforms in the private banking area, allows firms to minimize operational risks, reduce their running costs and increase the productivity of their portfolio and relationship managers.

Antoine Duchateau, CEO Odyssey, states, "We are very happy to be able to count SG Private Banking among our clients. This new signing demonstrates both our existing clients' trust and their satisfaction. We hope that this project will allow us to continue developing our business in the French market and strengthen our business ties with the Société Générale Group."