SG Private Banking France, part of Société Générale, is to upgrade its portfolio management system to Triple’A Plus, the platform provided by Swiss-based software firm Odyssey Financial Technologies.

Société Générale plans to gradually roll out Triple’A Plus to its SG29 portfolio managers and private banking relationship managers in 2010, having chosen the system at the end of 2008.

“Our choice turned to Odyssey for the in-depth functional coverage and modularity of their Triple’A Plus product. An important factor was also our ability to leverage existing synergies with our international Private Banking operations in Switzerland, Luxembourg, Singapore, Hong Kong or London, where Triple’A Plus has been successfully used for many years,” said Philippe Loiseau, chief operating officer, SG Private Banking.

Last month it was announced that the UniCredit Group will implement Triple’A Plus at UniCredit Private Bank Italy, Bank Austria and HypoVereinsbank Luxembourg in a move to standardise its private banking platforms.

Triple’A Plus was previously successfully implemented by HypoVereinsbank Wealth Management and DAB bank in Germany, along with Schoellerbank in Austria - now all part of UniCredit Group

Founded in Luxembourg in 1995, Odyssey has a staff of 500 and offices in New York, Singapore, Zurich, Frankfurt, Munich, Brussels, Geneva and Tokyo. Odyssey’s operational head office is located in Lausanne, Switzerland, which is the location of one of the firm’s development centres, along with Toronto and London.