Praemium Asia, a subsidiary of an Australia-based wealth management firm Praemium, has signed an agreement with Hong-Kong based Dah Sing Bank to provide customized software via WealthCraft’s customer relationship management, workflow and financial planning modules.
As part of the deal, Praemium will provide a new service to Dah Sing Bank using elements of its financial planning and customer relationship management (CRM) system, WealthCraft.
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The partnership will enhance Praemium’s wealth management proposition.
Praemium chief executive Michael Ohanessian said: "Our client-centric WealthCraft solution will enable Dah Sing Bank to manage its clients in an integrated, visible and scalable way."
Founded in 1947, Dah Sing Bank and its subsidiaries Banco Comercial de Macau and Dah Sing Bank (China) Limited) offers banking and financial services through a network of around 70 branches across Hong Kong, Macau and the People’s Republic of China.
As at 31 December 2013, Dah Sing Banking Group and its subsidiaries have more than $18 billion in deposits, with annual operating income in excess of $512 million.
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By GlobalDataThe launch of the new Praemium service through Dah Sing Bank is expected to complete in 2015.
