Hong Kong-based securities broker BOC International (BOCI) is rolling out wealth management technology supplied by local vendor WealthCraft Systems at its new private wealth management department.
Bank of China subsidiary BOCI will deploy WealthCraft's Advisor Workbench (AWB) and Atoms order management product to 100 staff at the new private wealth management unit.
Wealthcraft says its Web-based front-to-back platform will enable the BOCI wealth management team to provide clients with an integrated service and deliver market information, financial analysis, risk assessments and advisory services on personal portfolio and investment strategies.
Commenting on the implementation, Eric Lee Bing Kuen, executive director, private wealth management, BOCI, says: "WealthCraft's comprehensive platform can help us proactively manage the increased demand for wealth management services in the affluent market by providing more information and better analysis about potential investment opportunity and associated risks in a quicker way."
"In addition, the solution will advance our customer service and internal information flow leading to enhanced wealth management services and products to meet the sophisticated needs of high net worth private customers," he adds.
"WealthCraft AWB features tools not only help front-line teams deliver the very best service in the market through faster delivery of information, but improve team and individual performance," says Kelly Tallas, CEO at WealthCraft. "Atoms order management can provide BOC International with efficiencies in order processing, minimising administrative tasks, enabling teams to scale their business with confidence and to rapidly help construct their clients' portfolios."