Australian investment house JBWere is rolling out Misys Asset Management Systems' portfolio management system, Apollo for Personal Wealth Management, across its retail division.
Due to go live later this year, Apollo will be delivered as an outsourced bureau service and will be used to streamline portfolio management processes by replacing existing interim systems.
The package will be used for bulk processing, modelling and performance reporting across a number of JBWere's retail products. The system includes analysis, valuation and pricing capabilities and client reporting database and tools.
Philip Roe, senior manager, retail business solutions, JBWere, says: "Apollo for Personal Wealth Management has been designed with the functionality we need now and importantly the capacity to grow with our business."
In September last year, JBWere implemented the Nova margin lending solution from Misys Securities Trading Systems to support its private client stockbroking business in New Zealand