PRZOOM - /newswire/ - Jacksonville, FL, United States, 2015/09/15 - FIS expanded its wealth management capabilities last year, acquiring Reliance Trust and empowering the market with a full-service trust operations BPO solution [NYSE: WHG] - WestwoodGroup.com / FISglobal.com. NYSE: FIS

• Westwood Trust has selected FIS for trust operations and technology outsourcing 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.
• 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™, 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, PortfolioMARC™, 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. (westwoodgroup.com), 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 (fisglobal.com) 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.

Agency / Source: FIS

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