Technology
New Front-Office System At Leumi's Swiss Private Banks

Israel’s Leumi Private Bank has rolled out a new front-office system for all its offices in Switzerland, including newly acquired Banque Safdié.
Leumi completed the purchase of Safdié for SFr143 million ($150 million) at the end of last year and this technology development can be seen as the beginning of its integration into its new parent firm.
Equalizer II includes portfolio analysis and management and performance measurement, as well as the reporting management of orders. New Access, a Swiss banking software company, is behind the system, which is built to be integrated with any banking system or depository bank. It is designed for non-managed, advisory and discretionary client mandates.