After an exhaustive industry wide selection process, WH Ireland chose the firmly established ASP hosted service to support its private client, intermediary, corporate and institutional business in both the UK and global markets.
As part of the strategic agreement with OMX Securities Services, WH Ireland will replace its back office settlement system and move towards a true straight through processing environment, with information flowing in real-time between the front and back office.
In addition to delivering wide-ranging operational improvements, particularly in the areas of corporate event processing, reconciliation management and operational risk monitoring, the integrated ASP service will also facilitate the business with an advanced suite of workflow, document imaging and portfolio management tools.
Chris Muir, Managing Director, WH Ireland, commented, "We chose OMX as they demonstrated a professional approach and offered superb functionality and support capabilities. This new arrangement will enable WH Ireland to offer both new and existing customers a higher level of service. It also enforces our commitment to grow this Group, by providing an excellent support structure for our employees and creating an attractive option for revenue generators with other companies to consider."
Angus Macdonald, CEO, OMX Securities Services, said, "We are delighted to have been selected by WH Ireland to support its mission critical business. OMX Securities Services continues to have a growing presence in the UK and is focussed on providing an integrated front, middle and back office processing capability in the financial market place."