Technology
Digital Digest: The Latest Tech News – TrinityBridge

The latest technology news in the wealth management sector from around the world.
TrinityBridge,
formerly known as Close Brothers Asset Management, has just
announced a £35 million ($45 million) investment programme to
upgrade its technology and operations infrastructure. Designed to
enhance both the client and colleague experiences, this
investment will be important in enabling TrinityBridge to deliver
its objectives.
Central to this investment is developing a new
investment platform. TrinityBridge said it is partnering with SEI
to adopt the SEI Wealth PlatformSM (SWP) and the SEI
Data Cloud, while also implementing Objectway’s Portfolio
Management Solution and outsourcing order execution activities to
Winterflood Business Services (WBS). Additionally, to strengthen
its platform solution, TrinityBridge said it is partnering with
Snowflake and adopting Microsoft Azure integration services for
data and integration services.
The firm’s technology investment will also be used to bolster its HR, finance and risk systems, whilst facilitating migration of its data centres to Microsoft Azure which will provide access to the latest development and data science tools. Meanwhile, the firm is dedicating an additional portion of its funds to enhance the digital experience for colleagues and clients. Specifically, it is focused on differentiating its client experience, and improving front office productivity through digital and artificial intelligence solutions, the firm said in a statement.
“This investment in our business operating model and technology solutions marks an incredibly important moment in the start of our journey as an independent, standalone business, and will be key in helping us deliver our growth strategy,” Gregg Clarke, chief operation officer of TrinityBridge, said.
Oaktree Capital Management, a US-headquartered firm, completed its purchase of Close Brothers Asset Management in March. The firm has teams and offices across the UK, from Chichester to Edinburgh and Bristol to London.