Advent Software Expands Client Base in Middle East

Advent Software, a leading 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 centres 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 leading 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. 

Hakan Valberg, senior vice president and general manager of Advent Software EMEA, said: The Middle East has become a very important region for Advent over the last few years, when we have seen a significant increase in the demand for our proven and reliable wealth management solutions. Having a strong team of industry experts in Dubai that understands the local market has been a key factor in winning new business and developing strong relationships in the region. We look forward to further expansion in the Middle East and adding to our growing client list.

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 all are experts in the field of investment management. Advent is also a member of the Dubai International Financial Centre (DIFC).