Fairbairn Private Bank licenses Rhyme back office system

Source: Rhyme Systems

Rhyme Systems, a leading provider of asset management solutions, today announces that Fairbairn Private Bank has signed a new rhymeSight Back Office contract to satisfy increasing client demand for existing portfolio management services and enhanced reporting and performance measurement functionality.

rhymeSIGHT Back Office is a key module of rhymeSIGHT, a sophisticated multi-currency, multi-company investment management and accounting system. It delivers a broad range of functionality to support an extensive range of investment instruments, including performance measurement, dealing and settlement. Among other capabilities, rhymeSIGHT Back Office provides a full suite of facilities to maintain and update customer information as well as a powerful range of enquiry and query tools. Additionally, the system supports a straight through processing capability for trades, corporate events and dividends.

Greg Horton, Managing Director of Fairbairn Private Bank, said, "We signed up to rhymeSIGHT Back Office in order to respond to the rapid increase in demand for our discretionary portfolio management service. rhymeSIGHT Back Office allows us to cater for new and existing customers' increasing requirements such as performance measurement. By building on our existing IT infrastructure we are able to continue providing clients with the very high levels of service for which we are already well-known."

Stephen Young, Director of Rhyme Systems, commented, "It's pleasing to see that rhymeSIGHT Back Office has met the exacting requirements of Fairbairn Private Bank. rhymeSIGHT Back Office itself and rhymeSIGHT as a complete front-to-back system were expressly developed to provide comprehensive functionality while at the same time offer scalability and flexibility. We're confident that rhymeSIGHT Back Office puts Fairbairn Private Bank in a strong position to meet the demands of its new and existing clients."

Fairbairn Private Bank, based in the Isle of Man, has been a client of Rhyme Systems for over ten years and operates a successful and comprehensive private and personal banking operation on behalf of a wide range of clients. These include private individuals, professional intermediaries, small and large companies, trusts, governments and institutional investors.

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