Advent Software, a technology supplier for the investment management industry, has opened a new office in Singapore following substantial growth in its Asian client base over the past year.
Advent’s Singapore office is the firm’s third in Asia alongside Hong Kong and Beijing.
“We have experienced tremendous momentum in Asia, having doubled our client base in the region in the past 12 months,” said Peter Hess, president of Advent, in a statement. “The Singapore office will help accommodate this increased momentum and further enhance Advent’s ability to deliver innovative, reliable solutions to the investment management community.”
Commenting on the opening of Advent’s third office in the region, Guillermo Orselli, the firm’s director of business development, Asia Pacific, added, “This rapid growth is in response to the interest level that investment professionals have already shown in Advent’s solutions, as well as our clients’ strong desire to keep pace with best-of-breed technology.”
In Singapore, Advent will focus on support customers that use Geneva, its portfolio management and fund accounting tool, which integrates portfolio management, accounting and reporting, client investor management, light trade capture and risk capabilities. In addition, the new office will also service users of Advent’s research management solution, Tamale RMS, which standardises research processes and workflows and assists the investment decision making process.