ABN Amro is to implement eVent, the corporate actions automation solution from Heliograph across its European operations.
The package is to be used in ABN Amro's operations centre in London and will support the bank's branches Europe-wide. The solution is being rolled out in two phases, the first of which is scheduled for go live by September this year.
David Dean, global head of equity operations at ABN Amro says a key driver for the bank was the introduction of the new ISO15022 message format and the fact that their 7775 counterparts will be discontinued in November this year.
"We needed a system that was fully compliant with this new standard," he says.
Similar reasons were cited by Mellon Group, which today announced plans to implement a corporate actions package from incumbent reconciliations supplier SmartStream.
ABN Amro joins a growing roster of eVent users including MFS Investment Management, Commerzbank and KBC Asset Management Limited.