Source: Thomson Financial
Thomson Financial, an operating unit of The Thomson Corporation (TSX: TOC, NYSE: TOC) and a leading provider of information, news and technology solutions to the worldwide financial community and Hewlett Packard (HP) announced a collaboration agreement to provide wealth management solutions to financial institutions in the fast-growing Asia Pacific market.
Under the terms of the agreement, Thomson eXimius, a leading provider of front office solutions to the Private Client Wealth Management market, will work with HP, which is a leading systems integrator, to enable financial service providers to meet the increasing demands of Asia Pacific customers. The integrated offering aims to simplify front office processes for private client wealth management firms to support the increasingly sophisticated needs of their customers.
Rising wealth in Asia Pacific, particularly in the fast growing developing markets, is creating opportunities for many banks and institutions that offer financial advisory solutions and services. Customer demand for instant access to a broad range of wealth management services, tailored to their individual specific needs is driving the evolution of integrated Wealth Management solutions. Thomson eXimius and HP will jointly deliver these solutions that enable financial institutions to provide tailored wealth management services, enabling them to achieve consistent service levels, mitigation of risk and increased customer satisfaction and retention.
The collaboration with HP, with its strong track record in the Asia Pacific financial industry, aims to support Thomson eXimius' growth in the Asia Pacific wealth management market. Thomson eXimius has a proven track record across Europe, with client implementations including, Van Lanschot Bankiers and Brewin Dolphin.
Peter Schramme, Head of Private Banking and Retail Wealth Management of Thomson Financial said: "Wealth management professionals in Asia Pacific need to cater for the needs of sophisticated and varied customers which range from entrepreneurs and corporate executives to people with inherited wealth or who have retired. These changing dynamics have accelerated the need for integrated solutions that help wealth management firms provide a consistent, personal service. Our collaboration with HP provides financial institutions with best-in-cn-class, integrated front office solutions enabling them to gain the highest value from their systems to meet sophisticated customer demands."
"As customer demands in the Asia Pacific wealth management market increase, we are seeing a new breed of financial advisors enabled by IT - rising to meet the demands of tech-savvy investors," said Sockalingam Muthiah, Director of HP Services for the Financial Services Industry, Hewlett-Packard Asia Pacific and Japan. "Together with leading players such as Thomson eXimius, we are providing systems with integrated business solutions resulting in increased efficiency, risk reduction and revenue growth for financial institutions."