LONDON and SAN FRANCISCO – September 19, 2011 – Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, shared insights into trends in Wealth Management in Switzerland at a recent Wealth Briefing roundtable in Geneva, Switzerland. The company was represented by Mr. Ger van Nijkerken, Regional Sales Director, Advent Software, who took part in the discussion on ‘Catalysts for Change: How Will Wealth Management Evolve in 2012?’ at the conference.
Mr. van Nijkerken stated that following the financial crisis, and with several game-changing pieces of regulation coming into force by 2013, current trends towards streamlining operations to increase productivity and reporting capabilities will significantly develop. He also expects Swiss firms to continue to reduce risk exposure of both their organizations and their clients’ portfolios, by tightening controls over operational risks, and believes that these initiatives will lead to a much greater accountability of Swiss wealth managers and reinforce client trust.
Advent signed its first Swiss client in 1996 and opened an office in Zurich in 2000, coupling its world-class solutions with the team’s local industry knowledge. Swiss-based asset managers, wealth managers, family offices and hedge funds currently manage CHF 467 billion (USD 531 billion) using Advent’s comprehensive range of front- to back-office modules. Advent solutions deliver automation, transparency and accuracy to the administration of investment management to enable professionals to focus on the fundamentals: their clients and their investment decisions. Advent solutions cover research management, trade and fund order management, portfolio management, client relationship management and fund accounting.
“It’s extremely important that we are aware of upcoming international legislation and industry trends likely to impact the Swiss investment management market, to ensure our solutions continue to meet our clients’ evolving needs. We are dedicated to this market, and are investing in our teams and in our systems to help our clients remain competitive,” said Ger van Nijkerken. “Our solutions enable Swiss organizations to streamline operations and grow their businesses, while controlling costs and make it easier for clients to generate frequent, detailed and customizable reports to satisfy regulators, their clients, and internal controls. We look forward to helping more Swiss firms realize the benefits of our solutions as we continue to serve more clients in this growing market for Advent.”
Hakan Valberg, SVP and General Manager, EMEA at Advent Software, provided additional commentary on these trends in a recent blog post. For more information, visit: http://blogs.advent.com/executive-view/.
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 businesses while controlling operational risks and costs. Advent is the only financial services software company to be awarded the Service Capability and Performance certification for being a world-class support and services organization. For more information on Advent products visit http://www.advent.com/solutions.
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