FinEng Solution - Media - Macquarie to implement Telesto for their wealth management division

Religare Macquarie to implement Telesto for their wealth management division

Mumbai, March 2009: FinEng Solutions today, announced its agreement with Religare Macquarie to implement their wealth management product Telesto. Speaking on the occasion Unmesh Nadkarni, Product Head for Telesto commented that the product is expected to provide Religare the following benefits:


	Ability to consolidate data across various products like equity, mutual funds, insurance, venture capital funds, PMS and provide a single view of the portfolio to the customer.

	Enable them to actively manage portfolio of their customers using risk profiling and financial planning.

	Implement a process for order management for all unitized (example - Mutual funds and structured products) and non unitized (example - PMS and private equity funds) products using Telesto

About Telesto

Telesto is a leading suite of products that spans the wealth management lifecycle, and is tailored for the use of relationship and wealth managers of private banks and distributors. The product is proven, scalable, and provides the technology that allows firms to increase their level of customer service, reduce costs and enhance revenue.

About FinEng

FinEng is a software company developing and supporting products for the financial services industry. They have expertise in institutional funds management, wealth management and credit risk analysis. FinEng has 2 offices located in Mumbai and Chennai and has a global clientele.

About Religare Macquarie

Religare Macquarie Wealth Management Ltd (RMWML) is a joint venture agreement (JV) between Religare Wealth Management Services and Macquarie’s banking and financial services group. Religare Macquarie Private Wealth (RMPW) strives to provide innovative and personalized wealth management solutions to Indian high net worth (HNI) investors through a holistic and proactive advisory led approach. RMPW offers a comprehensive product suite from various asset classes which includes Mutual Funds, Insurance, Alternative Investments, Offshore Investment Services, Equities and Commodities, Derivatives and Capital Market Lending.

For further information please contact media@fineng.com