Odyssey Financial Technologies, a global provider of Private Wealth and Asset Management solutions and services, is pleased to announce that Renaissance Investment Management (RIM), the largest non-captive investment and wealth management company in Russia and the CIS, has successfully completed the implementation of Odyssey's Triple'A Plus to support its wealth and portfolio management operations.
Today more than 70 employees of RIM are using Triple'A Plus, including portfolio managers, client relationship managers, investment controllers, analysts, traders as well as Middle-Office employees, located in both Moscow and London offices.
Odyssey's Triple'A Plus enables RIM to benefit from a single scalable wealth management platform encapsulating years of international 'best practice' adapted to the Russian business requirements and market specifics. With the implementation of Triple'A Plus, RIM has equipped a variety of end-user groups with integrated client relationship management and portfolio management functionality.
This major project included two phases, implemented while RIM changed its business processes and IT landscape. The first phase was the implementation of the Customer Relationship Management components which went live in 2007. The second phase, focusing on the investment management and advisory processes, integrated transaction and order flows, compliance, risk control and high quality client reporting, has now also been successfully completed.
"The impressive international client base that Odyssey has built over the years added to the breath, depth and adaptability of their solutions has convinced us to select Odyssey as our business technology partner. The successful completion of the project proves that we made the right decision," comments Andrey Movchan, Renaissance Investment Management CEO.
The project has been delivered in close partnership with Accenture Russia.
Michel Jongen, General Manager Central and Eastern Europe, Odyssey Financial Technologies, comments: "We are very pleased to have been selected by RIM for this ambitious project. Its success is the reward of a perfect collaboration between RIM, Accenture and Odyssey. We are proud that RIM is such a good reference for our ability to deliver wealth management and private banking platforms in Russia. The successful know-how transfer to Accenture Russia means that we can now also offer local experience and implementation capability to our Russian clients."