Brussels-based KBC Bank & Insurance has selected IMRglobal to oversee a large-scale re-engineering of its trading systems.
Phase one of the project will involve an assessment of the current system's ability to address the specific needs of a select group of KBC's trading desks, says US-based IMRglobal.
In phase two, the assessment study will be extended to the remaining trading desks to evaluate the feasibility of developing a unified system throughout KBC's global treasury department. The final stage of the project will involve deploying the solution across all trading operations in Brussels and worldwide.
IMRglobal was given the contract following an earlier project in which it advised the bank against outsourcing its trading operations, says Carl Tilkin-Franssens, general manager of IT at KBC.