Financial Objects, a leading provider of advanced technology solutions for banking, wealth management and energy, today announces its first Middle East customer for the activebank Wealth Management Application Suite. The Family Office, an independent wealth management company, has selected activebank Wealth Manager and activebank Client Reporting to automate its portfolio management processes and enhance its client reporting capabilities.
With offices in Bahrain and London, The Family Office provides comprehensive and unbiased investment solutions, including financial planning, cash flow management, asset allocation and investment monitoring. The Family Office will utilise activebank Wealth Manager for its existing service of providing its clients with customised consolidated portfolio valuations. The system will enable the company to fully integrate all of its platforms, gain greater control of its operations, provide a comprehensive audit trail, and deliver faster response times all in a completely secure environment.
The Family Office evaluated systems that would improve front and middle office efficiency and automate time-consuming manual tasks. After careful consideration, the firm chose Financial Objects' wealth management suite due to its integrated offering, advanced CRM capabilities, and the ability to work in conjunction with the company's existing information technology systems, such as risk management and portfolio optimisation.
"Providing our customers with first class service in a competitive industry is of the utmost importance. Implementing a proven wealth management system from Financial Objects will help us ensure we can deliver an even higher level of service to our clients," said Abdulmohsin Al Omran, Chief Executive Officer of The Family Office. "The activebank Wealth Management Suite was the best choice for us and we anticipate a rapid return on our investment."
The company-wide installation of activebank Wealth Manager and Client Reporting will provide The Family Office with enhanced portfolio construction and simulation tools, and increased risk and performance measurement. Complementing this, activebank Orchestrate, Financial Objects' business process optimisation and integration tool, will be used to significantly reduce overall development and implementation times. These products have been developed on an advanced Microsoft technology platform and will provide The Family Office with a cost effective system that is also quick and simple to implement.
"The Middle East is a very important market to us and we're delighted The Family Office chose our systems," said Gary Linieres, Sales Director, activebank Division at Financial Objects. "Ultimately, this installation will boost the company's productivity, and enable it to provide a higher level of service to its customers."