âHolistic wealth management services are becoming increasingly important to mass affluent and high-net-worth clients specifically, as well as to the financial industry at large,â notes Ahmed Barakat, Head of ADCBâs Wealth Management Group. âWealth Management, by definition, incorporates financial planning along with specialist financial solutions into an advanced advisory discipline. By implementing Prospero as our primary banking system, we enable our Excellency Relationship Managers to efficiently build and analyze a clientâs risk profile and portfolio, perform multi-level valuations against model portfolios, measure absolute performance and generate detailed reporting, enabling both the RM and the client to make financial decisions in todayâs dynamic market.â
Tarek Hamdan, CMO of SAGE conveys: âWe are very proud that ADCB went live with Prospero as this is the 1st in the UAE and it also comes at a time of their new campaign on ambitions. We truly believe in ADCBâs strength and capabilities, and in their foresight. The whole world is traversing through rough roads but ADCB and SAGE saw it as a time to invest and restructure so that it will be stronger and prepared more than ever for the near and brighter future.â
In addition to serving as the primary client relationship management tool, Prospero will be used to automate administrative and compliance functions, such as order placement utilizing live market price feeds from integrated systems such as Bloomberg and Reuters. Prospero has been designed to facilitate trading with online compliance checks and tracking, back-office administration and accounting for all ADCB-managed funds, flexible workflow management and financial settlement.
SAGE and ADCB will continue to work hand-in-hand to deliver value to the bankâs clients and stakeholders, launching Phase Two of the Prospero implementation later this month. âWe look forward to continuing our development partnership throughout the year 2009, as ADCB further leverages Prosperoâs embedded customer relationship management functionality, fine tunes and enhances client reporting capabilities and optimizes our direct systems trading link to Al Dhabi Brokerage.â Barakat concludes.