London-based AES International, a provider of front, middle and back-office technology to wealth managers and IFAs, has deployed a new investment management platform designed by MBA Systems and modified specifically for the company.
The new system, a derivative of MBA's Clients Direct product, allows for multi-currency dealing, settlement and custody, and can be branded for AES's individual clients.
Clients Direct replaces AES's previous four-system infrastructure with a straight-through processing (STP) solution. Fifty clients are already utilizing the system, according to MBA Systems.
"Our clients all have different needs," says Sam Instone, CEO of AES International. "The parameters for each are diverse and demanding. Not only are there variations between business models with some offering a discretionary service and others advisory, but each is seeking to create a point of difference for their own business."
"AES posed a particular requirement of the system, namely to extend it for a broader international reach, including some new jurisdictions in the Middle East," adds Stephen Taylor, director at MBA Systems. "We are pleased at how well this has been achieved by our system, Clients Direct."
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