Odyssey Wealth Management Solution Up and Running within Three Months at Scandinavian Start-Up First Securities Private Banking

London - 20 November 2007

Odyssey Financial Technologies, a global provider of private wealth and asset management solutions and services, has announced that Swedbank subsidiary First Securities ASA’s new private banking venture, First Securities Private Banking AS has gone live with the Odyssey Wealth Management Solution. The implementation was completed in three months in preparation for First Securities Private Banking’s official launch to the Norwegian market in January 2008.

Odyssey’s scalable Wealth Management Solution supports the entire process from prospecting to the secure and compliant handling of client data. It automates the investment processes and delivers professional reporting to clients. The comprehensive package with its uniquely integrated Relationship Management and Portfolio Management functionality has been implemented in its standard configuration allowing for Norwegian and First specifics.

Jon Herheim, head of First Securities Private Banking says: “Odyssey’s experience and expertise in delivering Wealth Management solutions in time and to budget has provided us with an excellent head start. Odyssey’s scalable platform will support the growth of our business and First’s strategy of delivering superior private banking services.

“First Securities Private Banking’s team of 40 experienced private bankers offer a full range of private banking services including asset management and diversification strategies, pension planning, income and wealth protection, inheritance and generation transitions, and tax management.”

Steve D'Souza, general manager, Northern Europe, Odyssey adds: “First Securities Private Banking is positioned for success in one of the fastest growing on-shore private banking markets in Europe. Odyssey’s Wealth Management Solution eliminates routine processes and provides the ultimate tool set, enabling investment managers to focus on value-added services and comprehensive wealth management services.”

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