Dresdner Bank Luxembourg S.A. took over two Belgian wealth managers, Damien Courtens & Cie and Van Moer Santerre & Cie., at the beginning of this year. This dual acquisition is part of Dresdner Bank's aim to grow internationally. The two entities will be merged to form a new wealth management operation of Dresdner Bank group in Belgium.

The project is an ambitious one, as are the deadlines set by the bank's strategy. The new system will come into operation in January 2008. The bank has commissioned Callataÿ & Wouters and Clearstream Services to implement the Thaler Wealth Management package for its new entity in SaaS (Software as a Service) outsourced mode.

This new client confirms the market's interest for the Thaler Wealth Management SaaS offering, which was launched last May by both companies. Nord Europe Private Bank was the first bank to adopt SaaS a few months ago.

"The functional coverage provided by Thaler Wealth Management meets Dresdner Bank's needs to one hundred per cent," said Mr André Oly, CEO of Van Moer, Santerre & Cie. and Damien Courtens & Cie. "In addition, the choice of cooperation for this project was confirmed by both commitment and market leading position of Callataÿ & Wouters and also of Clearstream Services. Their willingness to complete the entire project within a very tight deadline convinced us to have chosen the right partners."

Mr Frédéric Stiernon, Country Manager Luxembourg for Callataÿ & Wouters, explained further: "Just a few months after the launch of our SaaS offering in Luxembourg in partnership with Clearstream Services, signing up a second significant client once again demonstrates the total suitability of what SaaS has to offer to cover the needs of the market."

And Mr Michel Rodriguez, Head of IT External Business for Clearstream Services, concluded: "This second success strengthens our conviction that the partnership with Callataÿ & Wouters offers all of the security and professionalism guarantees required by the banking industry, in and outside Luxembourg."