Dubai, March 29th 2004
Under the agreement, NBD’s relationship managers will be supplied
with an integrated tool through the combination of Triple ‘A’ – the leading
portfolio management system in Europe – and Advisor – the comprehensive relationship management tool
devised for Private Banking. The agreement is due to go live at the end of June
2004.
The project is the first of its kind in the region and is seen as
the most aggressive automation initiative in the region’s banking sector.
Having established a major line of business, NBD has realised the necessity of
automation in achieving the Bank’s marketing and expansion plans.
In a statement issued today, Odyssey said NBD has experienced
outstanding growth in its Private Banking activities that drove its decision to
invest in Odyssey’s wealth management solutions. NBD has recently been chosen
the best local Private Bank in the UAE by Euromoney
Magazine.
“The relationship between Odyssey, a market leader in Private
Banking and wealth management solutions, and Raqmiyat, a specialised provider
of services and solutions to the regional financial institutions, is a natural
compliment,” explained Antoine Duchateau, CEO of
Odyssey. “This relationship is already bearing fruits in the Middle East that is an
increasingly important region for the wealth management industry”.
“Raqmiyat has been providing total ICT solutions for major financial
institutions in the region for the last twenty years. We have partnered with
Odyssey to cater for the emerging demand for high quality Private banking and
wealth management solution in GCC,” said Tapas Roy, COO, Raqmiyat. “NBD is a
strategic client for us and we are committed to enabling the Bank to achieve its
ambitious private banking plans.”
Speaking on behalf of the Bank at the agreement signing ceremony, Faranak Foroughi, Head of NBD’s
Private Office, said, “We are striving to deploy state-of-the-art solutions in
order to offer our customers the best services. Odyssey has tremendously
successful partnerships with leading international institutions and we are
confident we have chosen the right partners.”
For more information
On Odyssey visit
http://www.odyssey-group.com
On NBD visit
http://www.nbd.co.ae
