Odyssey Financial Technologies expands North American Presence, Craig O’Neill to Head the Region

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) September 25, 2009 -- Odyssey Financial Technologies, a global leader in Private Wealth and Asset Management software, announced that Craig O’Neill, Senior Vice President Corporate Development will add to his responsibilities the role of President, North America. Mr. O’Neill will be responsible for expanding the company’s sales and operations the North American market.

“I am extremely excited about the significant growth potential we’re seeing in North America, and I’m pleased to be taking responsibility for our business here,” said O’Neill. “As investors look for global opportunities and regulators increase their scrutiny on financial institutions, Odyssey’s solutions are uniquely well-positioned to help North American wealth management firms to serve clients, boost advisor productivity and drive cost savings in operations and compliance.”

"Today's announcement underlines Odyssey’s position as a global leader in wealth management and private banking software and our commitment to making significant advances in the North American market," said Antoine Duchateau, Chairman and CEO of Odyssey Financial Technologies. " We are confident that Craig’s extensive experience and deep industry expertise will help Odyssey to establish a leadership position in North America, as we have elsewhere in the world."

Odyssey entered the North American market in late 2004, and now has 22 clients in the US and Canada. The company operates one of its main development centers and employs about 25% of its workforce in North America. Odyssey plans to aggressively grow its North American market share by leveraging its multi-currency and multi-jurisdictional product capabilities and building on its long term strategic relationships with many of the world’s largest global banks.

About Odyssey Financial Technologies

Odyssey is an industry leader in the global provision of wealth and asset management solutions and services to the Private Banking, Mass Affluent and Retail Banks as well as Institutional and Fund Managers. More than 180 financial institutions in 30 countries have chosen Odyssey solutions. Odyssey focuses on providing a comprehensive range of components for portfolio management (PMS), advisory process, customer relationship (CRM), compliance, risk, and analytics. The components are deployed on a single scalable wealth and asset management platform, facilitating the enterprise-wide implementation of solutions and data management. Founded in Luxembourg in 1995, Odyssey today has offices in the key financial centers, including New York, Toronto, London, Singapore, Zurich, Frankfurt, Brussels, Geneva, Madrid, and Tokyo. Odyssey’s operational head office and main development center is located in Lausanne, Switzerland. Throughout this knowledgeable network Odyssey employs over 500 professionals. For further information, please visit: http://www.odyssey-group.com.

© Odyssey Financial Technologies
Lara De Vido
ldevido@odyssey-group.com
tel: + 1 212 336 8433