MELBOURNE – October 4, 2004 — Capital Market Solutions (CMS) announces the establishment of its Asset Management Division through a partnership with the worlds leading wealth management solutions provider, Odyssey Asset Management Systems (Odyssey) from Luxembourg. Under terms of the partnership, CMS will be responsible for the distribution, implementation and support of the Odyssey products and solutions in the Australian/New Zealand region.
Speaking about the relationship, Ralph Horne Chief Executive Officer of CMS, comments, “We are very pleased to enter this partnership with Odyssey. Their world class products are a natural complement to our own solutions and will allow us to address a wider audience of clients, in addition to offering significant added value to our existing client base”.
With in excess of 40 clients, CMS has established itself as a key financial software solutions provider in the Asia Pacific region. Its core products, iBROKER and NOVA, service both domestic and international markets, enabling CMS to provide a range of solutions in the securities settlement arena.
“Australasia is an important part of the wider Asian region,” says Antoine Duchateau, Chief Executive Officer of Odyssey. “With four of the top 100 world banks and an established wealth management and asset management industry, it holds significant potential for Odyssey solutions. There are very close synergies between our two companies, and we are very confident that our partnership will yield a very high degree of success”.
The announcement of the partnership was made at the Odyssey annual conference in Brussels, the occasion where Odyssey, its clients, partners and prospects meet to discuss the evolution in the wealth management industry and where Odyssey showcases its future product strategy.
Matthew Baldwin has been appointed General Manager for the Asset Management Division, and will spearhead the CMS drive into this sector. He comments, “Our business model is to bring best of breed asset management solutions to Australia and the broader Asia Pacific market. This model enables international vendors to remain focused on their more mature markets whilst being actively represented across the region by local experts.”
The partnership is already off too a strong start with the two companies working on a number of opportunities in the region.
About Capital Market Solutions:
Capital Market Solutions Pty Limited was established in 2003 as a result of a management buy-out of the NOVA, iBROKER and SMS businesses of Misys Securities Trading Systems Ltd. The company provides clearing and settlement solutions to approximately 40 broker/dealers and investment banks in the Asia Pacific region. With offices in Australia, Hong Kong, Malaysia, New Zealand and UK, Capital Market Solutions employs approximately 80 staff. The company has recently formed an Asset Management Division for the provision of order management, compliance, decision support and wealth management solutions across the Asia Pacific region.
About Odyssey Asset Management Systems:
Odyssey Asset Management Systems is an industry leader in the provision of Investment Management solutions and services globally. Odyssey leads the field in wealth management automation in Europe; of the top 25 European banks, 15 are Odyssey customers. Odyssey solutions are used at over 130 client sites worldwide, in 24 different countries.
For further information please contact
Matthew Baldwin
General Manager
Asset Management Solutions
Email matthew.baldwin@capmsl.com
Phone (03) 9674 9900
or
Joe Nash
Sales and Marketing Director
Email Joe.nash@capmsl.com
Phone (03) 9674 9900