Close Brothers Asset Management Focuses on Digital Transformation with Objectway

The British asset manager Close Brothers Asset Management (CBAM) has chosen Objectway to enhance its offerings and further drive growth. With the implementation of Objectway's portfolio management solution, CBAM plans to shape its digital transformation journey decisively. The new system is intended to enable CBAM to provide proactive compliance management, effective risk management, scalable settlement, optimized returns, and consistent performance reporting for clients. The system is offered as a scalable platform aiming to streamline operations at CBAM. The platform's open architecture and flexibility allow CBAM to tailor and develop its services according to client needs. Dr. Alexander Cassar, CEO of Objectway UK, expressed his delight in collaborating with Gregg Clarke and his team at CBAM: 'This partnership underscores Objectway's commitment to fostering growth in our industry and setting new standards in customer service through customizable and scalable solutions.' The financial advisors at CBAM are expected to benefit from improved efficiency in the front office, enabling them to focus more on customer relationships. According to current industry research, the use of modern portfolio management solutions is crucial for enhancing productivity and operational efficiency. By implementing these advanced systems, wealth and investment managers could anticipate productivity increases of up to 65% and improved compliance management systems. COO Gregg Clarke emphasized that the decisive factors in choosing Objectway were the comprehensive and sophisticated front-office capabilities and the company's forward-thinking innovation concept, which is dedicated to continuous product improvement for all clients. In 2021, Objectway acquired the German core banking solutions provider Die Software Peter Fitzon, which serves private, retail, and central banks in the DACH region and Luxembourg.