Emirates NBD Bank PJSC Rolls Out Advent to Singapore Operations
Leading Banking Group in the Middle East Expands Use of Advent's
Solutions to Grow Private Banking and Asset Management Businesses
LONDON, SINGAPORE and SAN FRANCISCO, CA -- (Marketwire) -- 02/27/13
-- Advent Software, Inc. (NASDAQ: ADVS), a leading provider of
software and services for the global investment management industry,
today announced that Emirates NBD Bank PJSC, one of the largest
banking groups in the Middle East, has expanded its use of Advent's
platform for asset and wealth management(1) for its private banking
and asset management businesses to its operations in Singapore.
Emirates NBD was formed as a result of the merger between Emirates
Bank and National Bank of Dubai in 2007. Emirates NBD Private Banking
provides bespoke wealth management services encompassing investments
across all asset classes, real estate advisory, trusts and a range of
Shari'a-compliant services. Emirates NBD Asset Management offers
investment products, structured on either a Shari'a-compliant or
conventional basis. Its Asian expansion is a strategic part of its
private banking growth.
As Emirates Bank and the National Bank of Dubai merged, Emirates NBD
wanted to consolidate systems and processes onto a global platform to
create an integrated and automated infrastructure. They trusted
Advent's platform for asset and wealth management to help streamline
the consolidation during their expansion into Asia, allowing them to
have a single platform across their global operations and to service
the needs of each local market. The Singapore operations of Emirates
NBD are now live on Advent's solutions.
"Advent's Middle Eastern and international presence, as well as its
proven track record, made Advent the clear choice to support our
growing business," said Pierre Pissaloux, General Manager, Wealth
Management at Emirates NBD. "We are confident in its mix of
world-class technology and regional industry knowledge to help us
meet our business needs across geographies, and we will continue to
roll out Advent's solutions in our offices in Riyadh and London."
"This announcement is another example of how Advent is helping to
eliminate boundaries in the financial services industry. As an
industry leader, we are focused on setting the standard for the
global asset management and private banking sectors, and are proud to
have been chosen to support the ambitious international expansion
plans of one of the leading Middle Eastern banks," said Hakan
Valberg, Senior Vice President and General Manager, Advent Software
EMEA. "Emirates NBD's implementation of our solutions to support
their growth strategy is a testament to our ongoing commitment to
excellence and innovation."
Advent Software, Inc., a global firm, has provided
trusted solutions to the world's financial professionals since 1983.
Firms in more than 60 countries count on Advent technology to run
their mission-critical operations. Advent's quality software, data,
services and tools enable financial professionals to improve service
and communication to their clients, allowing them to grow their
business while controlling operational risks and costs. For more
information on Advent products visit
Advent, the Advent logo, Advent Software, Advent Portfolio Exchange,
Moxy, Advent Rules Manager, Advent Revenue Center, Advent Corporate
Actions and Advent Custodial Data are registered trademarks of Advent
Software, Inc. Tradex is a registered mark of Advent Norway AS in
Norway and the European Union. All other company names or marks
mentioned herein are those of their respective owners.
(1) Advent's platform for asset and wealth offers Advent Portfolio
Exchange(R) (APX), Moxy(R), Advent Rules Manager(R), Advent Revenue
Center(R), Advent(R) General Ledger Exchange (Advent(R) GLX),
Tradex(R), Advent Corporate Actions(R) (ACA), and Advent Custodial
Data(R) (ACD) for clients to select among in order to support key
workflows and data across the entire investment process.
Advent Software EMEA
+44 (0) 20 7631 9211
Advent Software, Inc.
+1 (415) 645-1668
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