London, United Kingdom: JHC Systems Limited, a leading provider of wealth management solutions, announces that it has signed a new contract with LGT Vestra for the FIGARO system. Following a detailed review of the supplier market; the UK and Jersey based wealth management boutique has committed to JHC and FIGARO to support its front, middle and back office processing.

This new contract strengthens JHC’s relationship with LGT Vestra, which was established in 2008 when the company adopted FIGARO as its core business system.

The fully integrated wealth management solution FIGARO provides LGT Vestra with an intuitive, user-friendly platform, allowing the firm to make strategic investment decisions, support regulatory compliance and enhance their client relationship management in addition to STP trading and settlement processing. LGT Vestra has also recently gone live with an upgrade of FIGARO. The upgrade brings a whole raft of enhancements including improved reporting of client portfolio performance and the latest changes for regulatory compliance.

The FIGARO upgrade forms part of the firm’s plans to enhance its digital footprint, which includes improving its online presence through the development of an enhanced client portal.

John Blackman, Chief Executive Officer at JHC, said: “We are delighted that LGT Vestra has decided to make a long-term commitment to FIGARO. At JHC we are keen to develop strong, long-term relationships with our clients and we look forward to supporting LGT Vestra as they build their systems platform for the future.

“A progressive company, LGT Vestra has embraced digital technology to achieve operational excellence and to strengthen its position in the wealth sector. Everything LGT Vestra does is designed to offer clients a fresh approach to wealth management, with a personalised transparent service, carefully designed around their best interests and we are delighted to have them as a close partner.”

Commenting on the new contract and upgrade, James Longstaff, IT Director at LGT Vestra, said: “We have made a strategic decision to continue to partner with JHC and its excellent FIGARO product. It is critical to the success of our business to ensure that we have a strong platform in place for future growth and to continue to deliver an exceptional service to our clients. It is clear that JHC continues to invest in innovation and we look forward to working with JHC and to realising more of the benefits of FIGARO’s rich functionality.”

“The recent software upgrade is an important milestone for LGT Vestra and our commitment to the future. JHC has delivered a successful, prompt and efficient FIGARO upgrade. I have also been very impressed by the JHC team; their knowledge, their expertise and commitment as always has proven invaluable to this project and the continuing success of our growing relationship”.

For more information please go to www.jhc.co.uk