HSBC Private Bank to Implement Brainpowers Investment Intelligence

HSBC Private Bank has purchased Brainpowers analytic tools, the software will be used by the banks Investment Advisory Group in Hong Kong, Luxembourg, Switzerland, UK and USA. HSBC has signed a three-year license agreement for an undisclosed amount.The Investment Advisory Groups Fund Strategy teams will use the tools to develop quantitative third-party fund selection strategies resulting in recommendation lists to be used by customer relationship managers globally. The advice concerning third-party funds will be distributed electronically to the relationship managers in the form of recommendation list reports and sophisticated fund fact-sheets. The Investment Advisory Group, in response to specific private client needs and objectives will also perform on-demand analysis of single securities and portfolios. Additionally, the Fund Strategy teams will perform model portfolio construction, monitoring and modeling tasks with the support of the Brainpower technology. Key to meeting HSBC Private Banks requirements was Brainpowers ability to offer sophisticated functionality to geographically dispersed groups of users and support the integration of multi-national data sources as well as meeting local data requirements. Moreover, Brainpowers ability to share data, strategies, analytics and reports across multiple geographies and teams was a crucial requirement of the bank.