Fund-Technology.com

Advent Software exceeds 30 clients in ME

Posted: 17 March 2009

Advent Software, a provider of software and services for the global investment management industry, today announced that the total number of clients in the Middle East region has exceeded 30, further demonstrating its growth and commitment to developing a strong business presence in the region.

The clients are based in the major financial centers of the Middle East: Dubai, Abu Dhabi, Bahrain, Qatar, Kuwait, Riyadh and Cairo and are comprised of asset managers, wealth managers, private banks and family offices. The client list includes firms such as SHUAA Capital, Ahli United, NBK Capital, Dubai Group and Arab National Bank.

Demand for Advent's integrated wealth management solution, which includes trading, compliance, portfolio management, client relationship management and research management has increased steadily in recent years as firms look to strengthen their operational infrastructures, achieve increased efficiencies, manage costs and improve client service.

"The Middle East has become a very important region for Advent over the last few years where we have seen a significant increase in the demand for our proven and reliable wealth management solutions," said Hakan Valberg, Senior Vice President and General Manager of Advent Software EMEA.

Advent has had a client base in the Middle East for more than five years and established its Dubai office in 2006, which now includes local client support and sales teams and implementation consultants. The majority of the Dubai team is from the region, and Advent is also a member of the Dubai International Financial Centre (DIFC).

 

 

Back to news