Key facts
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Westwood Trust has selected FIS for trust operations and technology
outsourcing solutions.
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Improved technology and operations outsourcing will empower Westwood
Trust to achieve operational efficiencies and offer enhanced client
services, while continuing to deliver on its fiduciary
responsibilities.
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FIS’ 2014 acquisition of Reliance Trust has disrupted traditional
trust operations - combining top-tier industry experience with
leading-edge technology to create one of the most flexible outsourcing
solution sets in the trust and wealth management industry.
Its ability to combine top-tier industry and trust expertise with
leading-edge technology to reinvent traditional trust operations has
earned FIS™
(NYSE: FIS), a global leader in banking and payments technology as well
as consulting and outsourcing solutions, a multi-year wealth technology
and operations outsourcing commitment from Westwood
Trust, a Texas-chartered trust company headquartered in Dallas.
FIS expanded its wealth management capabilities last year, acquiring Reliance
Trust and empowering the market with a full-service trust operations
BPO solution. Such deep domain expertise plus complete back-office
support represents one of the most flexible outsourcing solution sets in
the trust and wealth management industry.
Those efficiencies and industry experience have disrupted traditional
trust operations, allowing firms to streamline efforts in a trusted
environment so they can more keenly focus on customers. That was what
led Westwood Trust to select FIS for trust
and investment processing, trust
operations outsourcing - including custody and mutual fund clearing
services - and FIS’ premium investment suite, PortfolioMARCTM,
as well as a number of additional solutions.
“Improved technology and operations outsourcing will empower Westwood
Trust to achieve operational efficiencies and offer enhanced client
services, while continuing to deliver on its fiduciary
responsibilities,” said Anthony Jabbour, CEVP, Integrated Financial
Solutions, FIS. “FIS continues to drive the innovation that supports
industry demand and reinvents how firms support their customers.”
“After a thorough, multi-year review of the marketplace, we determined
that the comprehensive trust accounting and operations outsourcing
solutions set from FIS, and their strategic commitment to this market,
best fit the current and future needs of Westwood Trust and our
clients,” said Randall Root, president, Westwood Trust - Dallas.
Westwood Trust, a wholly owned subsidiary of Westwood Holdings Group,
Inc. (NYSE: WHG), provides fiduciary services to high-net-worth
individuals and families, foundations, endowments, corporations, public
pension plans and private retirement plans. Westwood Trust offers an
array of trust services, including customizable investment solutions
that address a variety of client needs. With $5.6 billion in assets
under management (as of June 30, 2015), and offices in Dallas, Omaha and
Houston, their experienced private wealth management team serves over
2,000 clients.
About
FIS
FIS is a global leader in banking and payments technology as well as
consulting and outsourcing solutions. With a long history deeply rooted
in the financial services sector, FIS serves more than 14,000
institutions in over 130 countries. Headquartered in Jacksonville, Fla.,
FIS employs more than 42,000 people worldwide and holds leadership
positions in payment processing and banking solutions. Providing
software, services and outsourcing of the technology that empowers the
financial industry, FIS is a Fortune 500 company and is a member of
Standard & Poor’s 500® Index. For more information about
FIS, visit www.fisglobal.com.
Follow FIS on Facebook (facebook.com/FIStoday)
and Twitter (@FISGlobal).
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