LONDON – March 11, 2005 – Advent Software, Inc. (NASDAQ: ADVS), a leading provider of global investment management solutions, has strategically re-positioned its European operation, building on the organisation's increasing number of clients in the region. Since 1998, Advent Software has been growing its European business through a series of local offices. As announced in 2004, Advent completed its acquisition of all of its European distributors, and a new European infrastructure has been implemented.
"Our restructuring is building on what has already been a successful operation securing over 150 clients across the region over the last few years," says Håkan Valberg, General Manager EMEA. "Our new structure will provide a stronger focus, making better use of our highly skilled resources to take Advent's proven solutions to the industry's leading investment management institutions."
Leading the new EMEA team is Håkan Valberg, General Manager, who has a proven track record of growing international businesses in senior roles over the last 20 years at IBM, i2 and IMI. The new executive team consists of:
"This is an impressive new team bringing an exciting mix of skills and experience from within the organisation, as well as external software companies and the investment industry," says Mr. Valberg. "We intend to grow this business into the EMEA region's market leader and to be the vendor of choice for front to back office operations in the investment management industry here. Advent EMEA has a large and very happy client base. Our products are reliable and deliver the business benefits our clients expect. The organizational platform is in place, and we feel our strong roster of clients, our comprehensive product line and our great people will lead to much success," added Mr. Valberg.
Advent's European client list is already impressive, and covers all aspects of the investment management industry across Europe. Examples of recent clients signed are; Fortis Fund Services, Staalbankiers, AlphaSwiss Asset Management, SEB Asset Management, Adelphi Capital, Bank of Bermuda, Kuwait Financial Centre, Alpha Bank, Seven Investment Management, Credo Capital PLC, Bramer Investment Company and Opstock Ltd.
For more than 20 years, Advent has been providing reliable, trusted solutions to investment management organizations of all sizes and strategies. Advent's products include:
Advent Software, Inc., a multi-national company, has been providing trusted solutions to the world's leading financial professionals since 1983. Firms in 50 countries using Advent technology manage investments totaling more than US $8 trillion. Advent's quality software, data and services enable financial professionals to improve service and communication to their clients, allowing them to grow their business while controlling costs.
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