Renaissance Capital Asset Management chooses Odyssey solutions

Moscow, London, Luxembourg, November 29th, 2005 - Odyssey Asset Management Systems is pleased to announce the recent signing of Renaissance Capital Asset Management (RCAM), Odyssey’s first client in Russia & the CIS, one of the most rapidly expanding wealth management markets in the world. This project is an integral part of RCAM’s strategy of introducing world industry best practices and establishing new standards of wealth and asset management in the region.

Renaissance Capital Asset Management plans to implement both Odyssey’s portfolio manager workstation and relationship manager workstation in order to ensure a high quality of advice, support and reporting to RCAM’s international ultra high net worth individuals, corporate and institutional clientele.

According to Andrey Movchan, President RCAM, "Odyssey was chosen from leading industry solutions for its unrivalled flexibility, exceptional web-user interface and reporting capabilities as well as open-architecture approach. The solution will be implemented jointly by Odyssey and Accenture, a global management consulting, technology services and outsourcing company." Mr. Movchan continued "Accenture was chosen for its successful track record and integration alliance with Odyssey and its presence within the Russian market. We expect that the implementation of this solution will help us to further extend a wide range of wealth management products and services, streamline our operating processes, significantly reduce maintenance costs and maintain our leadership position in the market."

Didier Vankeerberghen, Global Sales Director of Odyssey Asset Management Systems commented "This is a very strategic signing for us. We hope this will provide a springboard to many more clients in Eastern Europe. The reputation of Renaissance Capital Asset Management as ‘The’ Russian Wealth Manager perfectly complements the image we wish to project."

Pascal Denis, Senior Executive for Accenture Financial Services in Luxembourg said: "High performance wealth management demands clear customer insight and outstanding operational integrity. Our collaboration with Odyssey in working with Renaissance Capital, a leader in the Russian wealth and asset management industry, demonstrates the strong momentum of our alliance and global innovation at its best."

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