SAN FRANCISCO – February 17, 2010 – Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced that FBR Capital Markets Corporation (NASDAQ: FBCM) has selected Geneva®, Advent’s award-winning portfolio management and fund accounting solution, to enhance its Prime Brokerage platform.
FBR Capital Markets, a leading middle market investment bank, provides clients with a complete portfolio of products and capital markets solutions including Institutional Sales and Trading, Research, Investment Banking, Asset Management and Prime Brokerage services.
FBR Capital Markets has selected Geneva® to provide its Prime Brokerage clients a turnkey solution for their global portfolio reporting and fund accounting needs. It also provides a scalable platform with data aggregation capabilities that facilitate multi-prime reconciliation and reporting.
“Geneva® is a leading, best-of-breed technology platform that will allow us to grow our business in a meaningful way,” said Michael Murray, Managing Director and Head of Prime Brokerage Services at FBR Capital Markets. “Our priority is to give clients the flexibility to think globally and respond quickly to opportunities in the marketplace. With a reputation as the world’s leading real-time, multi-currency, global portfolio management and fund accounting solution, Advent’s Geneva® is the right solution to support our strategy.”
“We are very pleased that Advent is able to provide FBR Capital Markets with a flexible framework for growth,” said Chris Momsen, Senior Vice President and General Manger of Global Accounts for Advent. “The scalability of Geneva®, combined with its ability to respond and adapt to increasingly complex strategies and exotic securities, provides FBR Capital Markets with a platform that not only differentiates it today, but will also serve it well into the future as the marketplace continues to evolve.”
Geneva®, a global investment management and accounting platform, is a proven solution for asset managers, hedge funds, fund administrators, prime brokers, and mutual funds that require a high level of operational efficiency and easy access to real time data. Geneva® offers comprehensive instrument coverage, full financial general ledger, and industry-standard integration tools to enable firms to manage complex investment vehicles, multiple investment strategies, and tiered fund structures. For more information on Geneva®, visit our demonstration page.
Advent Software, Inc., a global firm, has provided trusted solutions to the world’s financial professionals since 1983. Firms in more than 60 countries rely 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 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 our product demonstration page.
Advent, the Advent logo, Advent Software and Geneva are registered trademarks of Advent Software, Inc. All other company names or marks mentioned herein are those of their respective owners.
Advent Software, Inc.