Multrees selects Babel Systems platform 17 March 2015London Reporter: Stephen Durham
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Babel Systems has signed contracts with Multrees Investor Services to provide its securities processing software as a key component of Multrees’s custody and investment administration service for wealth managers and private investment offices.
Babel Systems’s advanced web-based modular platform for the automated, real-time processing of multi-asset class investment instruments is intended to become a key component in Multrees’s service offering including Multrees Compass, its interactive web portal for managing client assets.
The Babel Systems securities processing system covers order routing and execution, trade settlement, custody processing and automated corporate actions across asset classes and currencies.
“Advanced technology in wealth management is key to ensuring firms can increase the time they spend advising their clients and minimise the time spent on portfolio administration against a fast evolving regulatory landscape,” said founder and CEO of Multrees Investor Services, Chris Fisher.
“Multrees Compass will transform the wealth advisers' experience and help them manage their clients' assets more efficiently.”
Founder and CEO of Babel Systems, Steve Wise, commented: “We are delighted to form a partnership with Multrees, and were extremely pleased that this market-leading firm has selected us over many older established players in the market.”
“The experience inherent in our team and the work that has gone into developing our product for this market has been recognised by Multrees, and we look forward to working with them.”
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