Brief: ABN Amro gives OM its first Australian back office contract

ABN Amro has signed an agreement with OM to deliver and install a new settlement back office to support its Australian equities business.

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Brief: ABN Amro gives OM its first Australian back office contract

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The agreement includes delivery, implementation and five years of support of OM's OneWorld Settlement engine, and is expected to have an order value of about Skr30 million ($3 million).

The installation is ABN Amro's second OneWorld Settlement site in Asia, which recently went live with the product in Hong Kong. The contract marks OM's first OneWorld implementation in Australia.

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