Expanding Investment Company The Montaque Group select IPBS solution
Reliability, ease of use and support for compliance and admin needs key benefits
Oct 17th, 2006
New York and London 17th October, 2006 – International Private Banking Systems (IPBS), the specialist provider of wealth management software for the private banking sector, today announced Bahamas based, The Montaque Group (MCP˛) has selected IPBS modules for Compliance, Investment Management, Trust Accounting and Administration to support their expanding investment businesses.
MCP˛ assists clients to utilize established micro-cap and small business structures to gain access to appropriate equity capital markets and sources. It has the capability of managing distinct portfolios, ranging from the stocks of emerging growth companies to money market securities, from insurance-based annuities to offshore mutual funds, from government-guaranteed debt obligations to global fixed-income securities. This gives the client the ability to respond effectively and quickly to new and diverse opportunities in today’s dynamic financial markets.
With a growing client base and a diversity of jurisdictions to accommodate in the management of the client portfolios under their control, MCP˛ were faced with identifying and selecting a system that could meet their exacting demands. The teams who support the client base wanted to have access to accurate, up to date information so that they could establish, monitor and manage their client portfolios efficiently and in line with any changes in the investment strategy. The ability to quickly create MIS reports on an ad hoc basis was a specific requirement of the users.
The company has two divisions, Montaque Capital Partners responsible for the securities trading and Montague Corporate Partners responsible for client account formation, trust family estate protection, tax planning and compliance. Each client is served by both divisions and the ability to ensure the activities of one are dovetailed with the instructions and requirements of the other are important factors of managing each client portfolio effectively and efficiently. The ability of the IPBS modules to integrate and seamlessly manage the confidential client data in a secure environment whilst allowing appropriate and instant access by the portfolio manager involved was an essential requirement.
“With such a global client base and the challenges of managing diverse portfolios, it was imperative that as we grow our business we have reliable IT systems in place that will meet our demands today and into the future.” said Owen Bethel, President and Managing Director of the Group. “We undertook a review of the market players and selected IPBS on the basis of proven technology, ease of use and their reliable support team who have an excellent understanding of our needs. IPBS also represents very good value for money, another very important consideration“, Bethel added.
“MCP˛ is a highly regarded investment management company with a team of experts that want to devote their time to supporting client needs. They need to trust in the IT systems which support them in their day to day activities so they can confidently focus on their day to day responsibilities. IPBS meets all their requirements, the modules are fully integrated, are well proven and coupled with the affordable price tag, meet all of the MCP˛ selection criteria.” offered Bruce Raine, Founder and President of IPBS.
- ends -
About International Private Banking Systems
International Private Banking Systems is a specialist provider of wealth management software for the private banking sector. The company began operations in 1993 and the flagship product is IPBS - a fully integrated accounting and management information system that provides all of the front, middle and back office support services required by international private banks, trust companies, mutual fund administrators and wealth management professionals. International Private Banking Systems now serves clients across the globe, including the Bahamas, the Cayman Islands, the Turks & Caicos Islands, Bermuda, St. Vincent and the Grenadines, Barbados, Panama, Uruguay, Vanuatu and the United States. For further information, please visit www.ipbs.com
About The Montaque Group
MCP˛ is an investment management and trust company with a portfolio of clients who are based around the world. The company is subject to the regulatory oversight of the Securities Commission of The Bahamas, the Registrar for Financial & Corporate Service Providers, and the Central Bank of The Bahamas. For further information, please visit http://www.montaquegroup.com |
