Praemium’s Asian subsidiary has struck a deal with Chinese Dah Sing Bank to provide CRM, workflow and financial planning modules via WealthCraft.
“We are delighted to be assisting an important Hong Kong-based institution like Dah Sing Bank to enhance its wealth management proposition,” said Praemium chief executive Michael Ohanessian.
“Our client-centric WealthCraft solution will enable Dah Sing Bank to manage its clients in an integrated, visible and scalable way,” said Mr Ohanessian.
Dah Sing Bank was established in 1947 and its subsidiaries (Banco Comercial de Macau and Dah Sing Bank China Limited) provide banking and financial services through a branch network of around 70 branches across Hong Kong, Macau and the People’s Republic of China.
Dah Sing Bank and its subsidiaries controlled more than AU$18 billion in deposits as at 31 December 2013, with annual operating income in excess of AU$512 million.
The roll-out of the new Praemium service through Dah Sing Bank is planned for completion in 2015.
SUBSCRIBE TO THE IFA DAILY BULLETIN
22 Feb 2017Crescent Wealth names new consulting CIOBy Staff Reporter
22 Feb 2017FSU claims CBA did not pay staff superannuationBy Killian Plastow
22 Feb 2017Prescott Securities takes former MD to courtBy Linda Santacruz
22 Feb 2017Advisers must comply with new cyber lawsBy Larissa Waterson
22 Feb 2017Advisers key to combating bias: MorningstarBy Larissa Waterson
21 Feb 2017New bank code needed to address issues: reportBy Larissa Waterson
- view all