Swiss wealth management firm Pictet has selected Wolters Kluwer's Financial Risk Management product for use at its head offices in Geneva, allowing the organization to perform complex calculations at top level as well as local.
The product, which will integrate with the firm's existing use of the vendor's regulatory reporting platform, will allow it to perform asset and liability management, market risk, liquidity risk and capital calculations.
"Faced with growing pressures from regulatory requirements, all financial institutions require timely access to accurate risk and finance information, providing senior management with a clear picture of the business' risk position, allowing for quick decisions to be made with precision," says Kris Van Bavel, vice president of sales, EMEA at Wolters Kluwer. "Pictet has clearly grasped this concept by expanding our relationship with them and selecting our Financial Risk Management Solution to create one integrated platform across its business. We look forward to helping the institution address its finance, risk and reporting requirements in the future."
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