The solution is part of the firm’s 2019-2022 strategic plan and is being developed in partnership with AM-One, a subsidiary of wealth software provider Expersoft Systems.
It will be launched on 1 September 2019.
The platform will include client relationship management, portfolio management and reporting, as well as compliance and risk management.
As part of the offering, IAMs will benefit from an “automated custodian data feed” from all EFG booking centres as well as access to the bank’s investment solutions service and product offering, it said.
Offering
Giorgio Pradelli, chief executive of Switzerland-based EFG International, said: ‘‘As announced at our investor update on 13 March 2019, the further strengthening of our global coverage of the independent asset manager segment is one of our priorities.
“In our Swiss domestic market in particular, we intend to capture opportunities with a focus on mid-sized independent asset managers.
“The tailor-made platform will further complement our comprehensive service and product offering for our independent asset management clients.’’
The bank’s IAM segment includes a team of advisers in Switzerland, Luxembourg, Monaco, Miami, Singapore and Hong Kong. It provides services for the overall management of IAM accounts.
They are supported by investment, credit, financial planning and corporate finance specialists.
This move from EFG comes just as International Adviser published its recent Asia regional piece on how IAM’s are advising the region’s wealthy.
