LaSalle Fund Services Selects Advent to Support New Global Fund Administration Services
Fund Administrator Chooses Geneva® and Advent Partner® for Enhanced Operations and Improved Customer Service
SAN FRANCISCO – March 27, 2007 – LaSalle Global Fund Services, a newly launched service of LaSalle Bank North America, has selected Geneva® and Advent Partner® to streamline the company’s information and reporting solutions, making record-keeping even easier for clients and their investors. LaSalle Global Fund Services combines the industry’s best fund accounting, investor servicing and securities custody technologies to create a custom-built reporting engine that provides unparalleled solutions for alternative investments.
Used by eight out of 10 of the top global fund administrators, Geneva® is the cornerstone of Advent’s comprehensive global investment management and accounting platform. Advent Partner® integrates directly with Geneva® and provides full investor accounting and administration. Together, Geneva® and Advent Partner® help LaSalle deliver seamless information and reporting solutions to ease recordkeeping for clients and their investors.
“Advent is the fund and investor accounting market leader,” said Chris Momsen, Vice President and Co-Head of Global Accounts for Advent. “Geneva®, with its scalable, real-time architecture and comprehensive instrument coverage, enables fund administrators to efficiently deliver accurate, reliable accounting services to the most complex alternative asset funds. In addition, Advent Partner®, with support for both onshore and offshore investor accounting, provides a complete investor servicing solution. We are excited to be working with LaSalle Bank to help ensure LaSalle Global Fund Services delivers the best possible results for their alternative investment clients.”
About Advent Software
Advent Software, Inc., a multi-national company, has been providing trusted solutions to the world's leading financial professionals since 1983. Firms in more than 60 countries using Advent technology manage investments totaling more than US $14 trillion. Advent's quality software, data and services enable financial professionals to improve service and communication to their customers, allowing them to grow their business while controlling costs. Advent is the only financial services software company to be awarded the Support Center Practices certification for being a world-class support organization.
Advent, Geneva and Advent Partner are registered trademarks of Advent Software, Inc. All other company names or marks mentioned herein are those of their respective owners.