10 Apr 2008
CBP Luxembourg Selects Thomson eXimius As Private Client Wealth Management Solution
London
Thomson Financial, an operating unit of The Thomson Corporation, and a leading provider of information and technology solutions to the worldwide financial community, today announced that CBP (Compagnie de Banque Privée) Luxembourg has selected Thomson eXimius as its platform of choice for the roll out of its Front Office Wealth Management services.
CBP reached its decision following an intensive selection process coordinated by Mr. Renaud Barbier of MB Conseil & Stratégie, a consultancy with experience in the wealth management market of the Financial Services industry.
The broad functionality of Thomson eXimius was a key element in CBP’s decision to opt for the solution. The implementation will be carried out by the Thomson eXimius implementation team and the go-live date is planned for the end of the year.
"For us it was important to select a vendor that really understood our needs. At CBP we want to combine Luxembourg’s decades-old private banking tradition with a strong focus on performance and transparency. Therefore we needed a platform that could live up to this vision", said Marc Hofmann, Managing Director of CBP.
Peter Schramme, Head of Private Banking and Wealth Management, Thomson Financial added: "We’re pleased that CBP, a young and innovative Wealth Management organisation, selected Thomson eXimius. This is testimony to our focus on customer care combined with continued investment to ensure Thomson eXimius can be customised to meet the unique needs of our clients."
About Thomson eXimius
Thomson eXimius offers a complete environment that, by providing wealth managers and investment managers with a single workbench, maximises their ability to focus on what they are best at: creating value for their customers. Thomson eXimius offers broad Portfolio Management functionality (Performance Attribution & Measurement, Risk Analysis, Modelling & Benchmarking, Pre & Post trade Compliance, Simulation, Rebalancing, Order Generation and extensive Reporting capabilities), together with Document Warehousing, Wealth Planning, Client Relationship Management, Order Management, Customer Due Diligence, and the like. Combined with Enterprise Application Integration capabilities that allow full STP front to back, Thomson eXimius offers a truly rich functional experience for Investment and Wealth Managers. Customer include: AXA Private Management, Van Lanschot Bankiers, Nordea, Kas Bank, Brewin Dolphin Securities, Brown Brothers Harriman, Pershing.
About Thomson Financial
Thomson Financial, with 2007 revenues of US$2.2 billion, is a provider of information and technology solutions to the worldwide financial community. Through the widest range of products and services in the industry, Thomson Financial helps clients in more than 100 countries make better decisions, be more productive and achieve superior results. Thomson Financial is part of The Thomson Corporation (www.thomson.com), a global leader in providing essential electronic workflow solutions to business and professional customers. With operational headquarters in Stamford, Conn., Thomson provides value-added information, software tools and applications to professionals in the fields of law, tax, accounting, financial services, scientific research and healthcare. The Corporation’s common shares are listed on the New York and Toronto stock exchanges.
About CPB Luxembourg
The concept behind the Compagnie de Banque Privée (CBP) began with Marc Hoffmann’s and Norbert Becker’s observation that the operational model for private banking today is undergoing a profound transformation and that now is the right time for a new player capable of combining Luxembourg’s decades-old private banking tradition with a strong focus on performance and transparency; time for an entirely new bank with primarily local shareholders and a local decision-making structure; and time for a service model based on the principle of harmonisation of interests of all its stakeholders.
CBP holds significant equity capital, in the amount of 80 million Euro, which allows it to largely exceed the minimum solvency ratios demanded by the Luxembourg financial sector’s supervisory authorities, to offer its clients a consequential financial base and to have access to the resources necessary for its future development.
CBP is both specialised and independent. It is not just the local outpost of a large multinational group, which counts private banking as one of its many other activities. CBP only has one line of business and one mission: that of responding to investors’ concerns regarding all issues associated with their wealth management, in the broadest sense of the term.
Through its privileged ties with key players in the legal and fiscal domains, CBP is in a position to offer a complete solution for your wealth management needs, not only in terms of financial management but also as concerns transfers of assets, company creation and account consolidation.
Media Contacts
Alex Brog
Director, Public Relations, Europe
Thomson Reuters
Tel: +44 020 7324 6986
Fax: +44 020 7566 1971
Email
Bert Daems
Marketing Manager Director
Thomson eXimius
Tel: +32 (0)15.29.68.00
Email