Williams de Broë, the stockbroking subsidiary of ING, has signed an agreement with SunGard Investment Management Systems' to adapt the Apsys III multi-currency banking platform to support its onshore private clients in the UK.
Williams de Broë has been using SunGard's private client investment management package, ePAL, for more than 11 years.
The stockbroker will implement Apsys III in the UK to provide private client managers with new functions, in particular full multi-currency reporting. Williams de Broë says regular reporting of client valuation summaries, by direct Web access, is a vital component of its wealth management service.
Richard Charnock, director of private clients, Williams de Broë, says:
"Our IT brief was to select a system that offered all the current functionality of ePAL together with multi-currency and performance attribution capabilities."
SunGard's Apsys III platform is available on a fully outsourced, partially outsourced or ASP basis.