Copyright © 2014 ObjectWay. S.p.A. - P.IVA IT07114250967
ObjectWay has developed a solution for the provision of wealth management services by Private Banks that fully meet the most advanced requirements of institutional clients, monitoring compliance with extremely flexible investment rules and restrictions.
OFS eXimius Portfolio Manager assists portfolio managers in decision making and execution tasks by supporting construction of model portfolios, portfolio valuation, risk assessment and performance measurement, portfolio rebalancing, investment rule compliance, order management as well as reporting.
The product’s functions are:
OFS eXimius Portfolio Manager grants users maximum flexibility while maintaining operational efficiency:
OFS eXimius Portfolio Manager can be run together with OFS Back Office securities and is also ideal for Banks and Asset Managers with existing back-office securities platforms in need of software that enables state of the art portfolio management.
OFS Back Office meets all requirements of a middle and back office for securities processing.
OFS Back Office has a modular, flexible and extendible, multicurrency and multilingual structure superimposed on multichannel scalable and secure architecture.
This solution for asset management units comprises:
The solution also features generic functions used for both securities safekeeping portfolios and discretionary portfolios:
The solution’s strengths are:
OFS Back Office may also be used at the middle & back office of asset management companies and banks that use third party front-ends to generate orders.
WHO & WHAT
Barclays selected the ObjectWay Financial Suite components - ObjectWay Financial Planning, OFS Advice - Portfolio, and ObjectWay Mifid Adequacy & Appropriateness - to support MiFID compliant advisory services for its “affluent”, “top affluent”, and “private clients”. Barclays uses the ObjectWay Financial Suite in its Italian and Spanish subsidiaries for nearly 1,000 branches. The software has been used in Italy since 2008 and will be introduced in Spain at the end of 2009. Nathalie Couveignes, Marketing Director, Barclays France and head of Barclays University for the Global Premier Banking described ObjectWay as a “scientific and holistic” support of Barclays Premiere business model that is fully compliant with MiFID and explained that the platform would soon be introduced in four other European countries.
The Wealth Management, Private Banking division of Credit Suisse, serves approximately 700,000 high net worth individuals around the world. Credit Suisse Italy’s Personal Bankers and Relationship Managers provide financial, retirement and insurance advisory services in 29 locations throughout Italy.
Credit Suisse Italy uses the full ObjectWay SMIT2 platform - Front, Middle & Back Office – for all aspects of asset management and administration: order input, straight-through processing trading on domestic or international markets; asset management services for private and institutional clients, SWIFT settlements, securities custody, taxation and reporting.
Credit Suisse uses ObjectWay integrated solutions for CRM and MiFID-compliant advisory services.
BofA MERRIL LYNCH
With 20,000 advisors and 2,500 billion in client assets, Bank of America Merrill Lynch is the world’s largest broker.
The Italian branch of Merrill Lynch Global Wealth Management selected to use the entire ObjectWay SMIT2 software product line in its Private Banking business, adopting the ObjectWay front-office and back-office solutions for investment management of clients' safekeeping accounts and discretionary portfolios.
The solution is an integral part of the Bank’s global infrastructure. Introduction of continuous 24-hour availability eliminated business cut-offs and accelerated data updates, thus increasing the accuracy of portfolio information provided by private bankers to their clients.