The bank plans to gradually roll out TripleâA Plusâ¢ to its SG29 portfolio managers and Private Banking relationship managers in 2010. Both types of users will benefit from TripleâA Plusâs advanced portfolio management, performance attribution and asset valuation functions.
TripleâA Plusâ¢ will interface with SociÃ©tÃ© GÃ©nÃ©rale's main back-office software platforms to optimise operational processes.
Odyssey was chosen by SG Private Banking France at the end of 2008 after a comprehensive selection process which followed a call for tender sent out to most portfolio management software vendors.
Philippe Loiseau, COO, SG Private Banking, comments, "Our choice turned to Odyssey for the in-depth functional coverage and modularity of their TripleâA Plusâ¢ product. An important factor was also our ability to leverage existing synergies with our international Private Banking operations in Switzerland, Luxembourg, Singapore, Hong Kong or London, where TripleâA Plusâ¢ has been successfully used for many years. We look forward to further developing our existing partnership with Odyssey to guarantee that the French platform goes into production in a short time-frame at the lowest possible costs."
TripleâA Plusâ¢, one of the leading software platforms in the private banking area, allows firms to minimize operational risks, reduce their running costs and increase the productivity of their portfolio and relationship managers.
Antoine Duchateau, CEO Odyssey, states, "We are very happy to be able to count SG Private Banking among our clients. This new signing demonstrates both our existing clients' trust and their satisfaction. We hope that this project will allow us to continue developing our business in the French market and strengthen our business ties with the SociÃ©tÃ© GÃ©nÃ©rale Group."