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Bank Gutmann to deploy Profidata central asset management software

Vienna-based Bank Gutmann has decided to implement Profidata’s Xentis as its latest central asset management software, to boost its operational efficiency.

Equipped with high functional coverage, modern software architecture, the new tool will be deployed in Bank Gutmann’s asset management and custodian bank, and within the Gutmann Investment company in fund management as well as in fund administration.

Bank Gutmann management board partner and member Adolf Hengstschläger said that XENTIS as an integrated and comprehensive asset management system will help to develop a more goal-oriented business.

The bank will further use XENTIS front office in both asset analysis and portfolio rebalancing, pre-trade compliance checks and order entry.

The technology upgrade will enable the bank to boost system operations, regulatory adjustments, and interface and data maintenance.

Founded in 1922, Privatbank Gutmann operates as wealth management specialist and manages €15.4bn assets under management as of 31 December 2012.