Focus Solutions Group PLC
26 February 2008
Embargoed until 0700 26th February 2008
Focus Solutions Group plc (AIM:FSG)
A leading provider of proven enterprise solutions to the financial services
market.
("Focus" or the "Group")
Contract Win
HSBC has chosen Focus Solutions for the design and build of the multi-million
pound Phase Two programme to support HSBC's wealth management strategy. Focus is
therefore pleased to announce the signing of a £765,000 contract to instigate
this work with HSBC.
Focus is already developing Phase One of this comprehensive system to support
HSBC's distribution channels for life, pensions and investment products. Focus
is also working collaboratively with HSBC on the design and planning of offline
working and a commercial financial planning tool for advised sales and
distribution support. Phase Two covers HSBC's IFA sales process.
Helen Roberts, Business Programme Manager, HSBC, commented:
"We have developed a very good relationship with Focus, based upon the ongoing
work to deliver Phase One and the scoping project for Phase Two of the solution.
Focus was the obvious choice for this substantial project and we intend to build
on the knowledge and expertise that has been acquired during Phase One. Focus
has continued to demonstrate a domain knowledge that makes us confident they
will provide an effective solution for our financial planning managers in 2008."
Richard Stevenson, Chief Executive, Focus Solutions, added:
"I am delighted that we have continued to grow our relationship with HSBC. This
contract provides further validation that our software is capable of supporting
the largest and most demanding global customers and that we are able to help
organisations realise significant business benefits. We believe that current
economic conditions are leading to large financial institutions placing an even
greater value on regulatory and compliance driven projects and we believe Focus
is well placed to take advantage of this demand."
END
Enquiries:
Focus Solutions Group plc 01926 468300
Richard Stevenson - Chief Executive
Martin Clements - Finance Director
www.focus-solutions.co.uk
Daniel Stewart 020 7776 6550
Graham Webster/Chloe Ponsonby
www.danielstewart.co.uk
Smithfield 0207 360 4900
Tania Wild/Reg Hoare
www.smithfieldgroup.com
Notes to editors:
About Focus Solutions Group plc
Focus Solutions is an established and proven supplier of enterprise solutions to
the financial services industry in both the UK and Ireland. Focus has an
unrivalled reputation, based upon vast experience, domain knowledge and
technical expertise in delivering successful market leading sales automation
solutions to some of the foremost financial institutions, providing a benchmark
by which other vendors are judged.
Focus offers organisations an integrated whole office solution through a single
technology platform - focus:360. A suite of modular, configurable components
that provides a complete end to end technology solution for financial services
distributors, combining front office solutions with sales process and support
tools and back office capability - a first for the industry!
Focus has a successful track record of implementing multi-channel solutions
across a broad range of financial services products to thousands of end users,
enabling client's to concentrate on their core business - providing quality,
compliant financial advice.
For further information on Focus, please visit www.focus-solutions.co.uk.
This information is provided by RNS
The company news service from the London Stock Exchange
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