US Bank Launches New Wealth Management Platform

Stephen Harris

13 October 2006

First Hawaiian Bank has launched a new wealth management platform through a strategic partnership with FundQuest, a provider of turnkey asset management solutions for financial institutions. The new platform, PrivateInvest, is a comprehensive investment portfolio selection and management program. The platform's open architecture integrates FundQuest's best of breed investment and separate account manager selection process with First Hawaiian's proprietary investment management team. First Hawaiian will use the platform to develop investment strategies and asset allocation proposals based on client's tolerance for risk, financial goals, and time horizons. First Hawaiian Bank has $11.8 billion in client assets and is Hawaii's oldest and largest bank. It has 57 branches in Hawaii, three on Guam and two on Saipan and is a subsidiary of BancWest Corporation.