“The key factors in selecting Objectway were its comprehensive and sophisticated front office capability coupled with its forward-looking innovation roadmap, which underlines its commitment to continuously improving the product for all clients,” said Gregg Clarke, chief operating officer, at CBAM.

Objectway is an international wealth, banking and asset management software and service provider, enabling clients to embrace their future challenges. The Objectway software and service platform digitalises as-a-service the value chain of private banking, wealth and asset management, supporting more than 100,000 investment professionals to manage more than €1 trillion ($1.05 trillion) in assets.

Objectway's advanced portfolio management solution represents a step forward in CBAM’s digital transformation, the firm said in a statement. The solution will enhance the functionalities available to CBAM, enabling proactive compliance, effective risk management, scalable dealing practices, optimised returns, and consistency in performance reporting for clients. By using Objectway’s experience, CBAM said it will also see improved front-office efficiency, enabling investment managers to focus more on efficiency and client relationship management.

“This collaboration underlines Objectway's commitment to enabling growth in our industry by providing adaptable, scalable solutions that meet evolving market demands and set new standards in client service excellence,” Alexander Cassar, CEO of Objectway UK, said.

Recent industry data highlights the role that modern portfolio management solutions play in enhancing productivity and operational efficiency. Wealth and asset managers can expect up to a 65 per cent increase in productivity and better compliance management by adopting these solutions, empowering them to move from transactional interactions to lifelong client partnerships, the firm added.

The solution will be delivered as a scalable, as-a-service platform, ensuring streamlined operations and robust growth capabilities. With its open architecture and flexibility, Objectway’s solution enables CBAM to tailor and adapt services as client needs evolve, adding weight to CBAM's commitment to meeting the changing demands of clients in a rapidly shifting market landscape, the firm said.

Close Brothers AM, which has with over £20 billion ($25 billion) of assets under management, also recently adopted  the SEI Wealth Platform and SEI Data Cloud, a technology, data and operational outsourcing solution that enables organisational transformation and the digitisation of the wealth management experience.