JBWere consolidates and streamlines its retail portfolio management processes

Melbourne, Australia; London, England: 14 April 2003 - JBWere, a leading
Australian investment house, has selected Apollo for Personal Wealth
Management from Misys Asset Management Systems Ltd, a global solution
provider for the asset management community. Apollo for Personal Wealth
Management, a portfolio management system, is to be implemented by JBWere's
retail division and will support a number of retail products, beginning with
Portfolio Advantage -a wrap service for investors with US$60,000 or more to
invest.

It is intended that Apollo for Personal Wealth Management will go live later
in 2003 and streamline the portfolio management process by replacing
existing interim systems that support Portfolio Advantage. Delivered as an
outsourced bureau service, Apollo for Personal Wealth Management delivers a
more scalable and consistent operational capability. It will be used for
bulk processing, sophisticated modelling and performance reporting across a
number of JBWere's retail products

Philip Roe, senior manager, retail business solutions, JBWere, says: "Misys
Asset Management Systems understand our business. Apollo for Personal Wealth
Management has been designed with the functionality we need now and
importantly the capacity to grow with our business."

Chris Potts, CEO, Misys Asset Management Systems, says: "By providing Apollo
for Personal Wealth Management as a bureau service, our aim is to let the
team at JBWere do what they do best - delivering investment performance -
while we look after the technology."

Apollo for Personal Wealth Management is a modern streamlined platform and
includes the following functionalities: superior analysis; valuation and
pricing capabilities; investment constraint management through improved
compliance; automated modelling; and client reporting database and tools.
These functionalities give investment managers absolute control over
investments and operational risk to deliver consistent portfolio
performance.

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