How Eurobank Consolidated Complex Investment Operations with PCS Wealth Management
Eurobank’s Fund Services division supports middle- and back-office operations for institutional clients and asset managers, while also managing discretionary and advisory portfolios through its asset management subsidiary. Over time, these services were delivered through multiple systems operating across different infrastructures, creating operational fragmentation and unnecessary complexity.
To support continued growth, improve efficiency, and reduce operational overhead, Eurobank set out to consolidate its wealth management and fund accounting operations under a single, modern digital platform.
Business Case
Prior to the project, Eurobank operated several independent systems:
- One platform supporting middle- and back-office services for third-party institutional clients
- A separate system for discretionary and advisory portfolio management
- Three distinct systems for fund accounting and daily valuation, covering domestic funds, Luxembourg funds, and third-party funds
These systems were hosted across different environments and required parallel processes, duplicated infrastructure, and increased operational effort.
The objective was to unify all asset management, discretionary portfolio, and fund accounting operations (regardless of client type, domicile, or fund structure) into a single platform and installation. This would allow Eurobank to reduce infrastructure and operating costs, increase productivity, and create a scalable foundation for future clients and services.
The project was structured in two phases:
- Phase A: Replace the existing discretionary portfolio system with PCS Wealth Management
- Phase B: Consolidate all fund accounting and daily valuation systems into the same platform
Solution
PCS replaced the legacy discretionary portfolio system and consolidated fund accounting operations into a single digital environment. The PCS Wealth Management Platform now supports discretionary and advisory portfolios, institutional clients, own and third-party funds, and multi-jurisdictional operations through one installation.
The implementation included:
Migration of historical data from multiple legacy systems
Development of extensive interfaces with third-party banking, custody, and reporting systems to eliminate manual data entry
Extension of the platform with fund management functionality to support accounting, daily valuation, and regulatory reporting
The solution supports multiple asset classes, currencies, languages, and jurisdictions, while automating end-of-day processes, NAV calculation, pricing, and reporting. Strong access controls, audit trails, and real-time system integrations ensure security, transparency, and regulatory compliance.
Business Impact
Unified Operations at Scale
Eurobank now manages discretionary portfolios, institutional mandates, and more than 200 mutual funds—across Greece, Cyprus, and Luxembourg—through a single platform and infrastructure. This consolidation significantly reduced system complexity and operational overhead
Increased Efficiency and Risk Reduction
By unifying data and automating workflows, PCS minimized manual intervention points, improving productivity while reducing operational risk. Daily valuations, portfolio monitoring, and reporting are now executed consistently and efficiently across all entities.
Support for Growth and Market Leadership
The platform supports over €15 billion in assets under management, covering own funds, third-party funds, and discretionary portfolios. Its flexible architecture allows Eurobank to onboard new clients, products, and jurisdictions without introducing additional systems.
Regulatory Readiness and Transparency
PCS ensures compliance with local and international regulatory frameworks, including UCITS requirements, while providing real-time visibility into portfolio status, valuations, and historical data.