UniCredit Private Bank Italy, Bank Austria and HVB Luxembourg will together equip more than 1,000 portfolio managers and relationship managers for their discretionary and advisory portfolio management business. The earlier successful implementation of TripleâA Plusâ¢ by HypoVereinsbank Wealth Management and DAB bank in Germany, and by Schoellerbank in Austria - now all part of UniCredit Group - was a key criterion in the decision process.
Michel Jongen, General Manager, Western Europe and C.I.S., Odyssey, explains, âBuilding on the success of these projects, UniCredit have decided to standardise their Private Banking platforms with TripleâA Plusâ¢ in order to align their domestic and international business and operating models. This will create synergies, the sharing of best practices and client service consistency.
âAs the supplier of Private Banking business technology to 15 of the 25 top European banks, Odyssey is the right partner for an international group such as UniCredit. Our scalable solutions are adaptable to each countryâs business requirements, which is essential for UniCredit.â
In addition to the unrivalled portfolio management and analysis functions of TripleâA Plusâ¢ the three locations will benefit from a wide range of active advisory capability, including the building of guided investment proposals and the automatic monitoring of client portfolios, triggering alerts for action and proactive advice. The project will also include integration with tetralog systems AGâs solution components, including risk/return modelling and âefficient frontierâ optimization.
Antoine Duchateau, Odysseyâs CEO adds, âWe are extremely pleased with our extended UniCredit Group collaboration. It is the result of a longstanding partnership and UniCreditâs trust in our ability to help them remain at the forefront of the Private Banking industry.â