Lloyds TSB Choses Odyssey

Stephen Harris

16 January 2007

Lloyds TSB has chosen Odyssey for the investment management front office of its Private Banking arm by purchasing Portfolio Rebalancing and Order Management components from the IT company. The new components will form the basis of the bank’s web-based investment management platform and will allow the bank to use further functionality from Odyssey in the future. “We see Odyssey as a strategic partner in the development roadmap for the new investment management front office of our private banking environment. We will benefit from Odyssey’s technology which has been proven as successful in many other clients, and from the existing configurable browser front-end, allowing us to save on time to market, facilitate our portfolio and strategy management and help in fulfilling MiFID requirements,” said John Tyley, operations director, UK Wealth Management, Lloyds TSB. Odyssey’s operational head office and main development centre is located in Lausanne, Switzerland. The company employs over 350 professionals throughout a global network.