The solution will be offered as a scalable as-a-service platform. Credit: Summit Art Creations/Shutterstock.

British investment manager Close Brothers Asset Management (CBAM) has turned to Objectway in a bid to improve its offerings and drive growth.

Objectway’s portfolio management solution is expected to advance CBAM’s digital transformation journey.

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The new system will empower CBAM with proactive compliance, effective risk management, scalable dealing, optimised returns, and consistent performance reporting for clients.

It will be offered as a a scalable, as-a-service platform, designed to streamline CBAM’s operations.

The platform’s open architecture and flexibility will allow CBAM to customise and evolve its services in line with client needs.

Objectway UK CEO Dr Alexander Cassar said: “We are delighted to be working with Gregg Clarke and his team at Close Brothers Asset Management as they embark on this ambitious digital transformation.

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“This collaboration underlines Objectway’s commitment to enabling growth in our industry by providing adaptable, scalable solutions that meet evolving market demands and set new standards in client service excellence.”

Investment Managers at CBAM are expected to benefit from improved front-office efficiency, allowing them to concentrate more on client relationships.

Recent industry research underscores the critical importance of modern portfolio management solutions in boosting productivity and operational efficiency, according to the company.

By adopting these advanced systems, wealth and asset managers could see productivity soar by up to 65%, alongside improved compliance management.

This technological shift enables professionals to improve long-term client relationships rather than focusing solely on transactional interactions.

CBAM COO Gregg Clarke said: “The key factors in selecting Objectway were its comprehensive and sophisticated front office capability coupled with its forward-looking innovation roadmap, which underlines its commitment to continuously improving the product for all clients.”

In 2021, Objectway acquired Die Software Peter Fitzon, a German core banking solutions provider catering to private, retail, and central banks in the DACH region and Luxembourg.