HSBC Private Bank to Implement Brainpower’s Investment Intelligence Tools to Support Private Client Advisory in Five Countries

Brainpower NV (Deutsche Börse - Prime Standard: BPW), provider of analytic applications, technology and data management solutions to the investment management community, announces the purchase of Brainpower’s powerful analytic tools by HSBC Private Bank. The software will be used by the bank’s Investment Advisory Group in Hong Kong, Luxembourg, Switzerland, UK and USA. HSBC has signed a three-year license agreement for an undisclosed amount.

The Investment Advisory Group’s Fund Strategy teams will use the tools to develop quantitative third-party fund selection strategies resulting in recommendation lists to be used by customer relationship managers globally. The advice concerning third-party funds will be distributed electronically to the relationship managers in the form of recommendation list reports and sophisticated fund fact-sheets. The Investment Advisory Group, in response to specific private client needs and objectives will also perform on-demand analysis of single securities and portfolios. Additionally, the Fund Strategy teams will perform model portfolio construction, monitoring and modeling tasks with the support of the Brainpower technology.

Key to meeting HSBC Private Bank’s requirements was Brainpower’s ability to offer sophisticated functionality to geographically dispersed groups of users and support the integration of multi-national data sources as well as meeting local data requirements. Moreover, Brainpower’s ability to share data, strategies, analytics and reports across multiple geographies and teams was a crucial requirement of the bank.

Rocco Pellegrinelli, CEO of Brainpower, stated; "Today’s announcement is a powerful validation of Brainpower’s focus to provide professional wealth managers with solutions that increase their productivity, improve client services and maximize return on investments. This high-profile deal with one of the largest and most prestigious banking and financial services companies in the world represents a great recognition of Brainpower’s first-class products. This global sale provides further evidence of Brainpower’s successful execution of its company strategy".

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