Source: Chase Cooper
Chase Cooper Ltd announced the successful Phase 2 implementation of aCCelerate, its award winning enterprise wide operational risk system at Pictet Asset Management.
Pictet Asset Management is the institutional investment arm of Geneva-based Pictet & Cie, one of Switzerland's largest private banks, and one of the premier independent investment management specialists in Europe.
The group has nearly 3000 employees located in 19 locations and, at the end of
June 2008, had over CHF255 billion (USD$250 billion/ EUR159 billion) in assets under management and custody.
Having piloted aCCelerate, Pictet Asset Management has now implemented its first module, the incident database, in London and Geneva, with Tokyo planned later in the year.
Priti Verma, Head of Business Risk said, "In the current market conditions, demonstrating industry best practices throughout an organisation has become a business necessity. The challenges faced by the financial services industry today require sound, firm-wide risk management. Risk departments need to be supported by robust software that reflects good market practice. aCCelerate has proven to be a flexible, scalable software with a wealth of functionality such as the incident capture form which enables all employees to report losses or near misses. This encourages a positive workflow of information and risk awareness throughout the organisation.
"aCCelerate is a key tool in linking the components of our risk framework together and in helping to create a more risk aware culture. The aCCelerate modules and distinct packages of functionality have enabled us to plan a phased approach. We have visible and tangible business benefits after this phase which will support the implementation of the next phase. Chase Cooper input and support throughout the process has been invaluable."
Terry Jobson, Director of Service Delivery for Chase Cooper said "Pictet is an organisation that we are proud to be associated with. Our award winning solution aCCelerate is highly configurable and agile, permitting rapid implementation and expansion. We have been able to provide Pictet with a tailored ORM system that reflects their business needs without the need for long periods of development or adaptation. Chase Cooper looks forward to providing real value to Pictet as a knowledgeable and experienced Risk Business Partner."