Chris Momsen Opalesque Industry Update - Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, has announced that Maples Fund Services is leveraging Geneva®, Advent’s award-winning global portfolio management and fund accounting solution, to provide enhanced services to its clients.
Maples is an independent global fund services provider with assets under administration of $30 billion. The firm has expanded its services beyond traditional fund administration to offer enhanced reporting and middle-office capabilities. Maples implemented Geneva® to link its global offices on a single, real-time portfolio accounting platform. As a result, through the use of Geneva® along with proprietary technology developed by Maples, the firm is able to provide the detailed, timely reporting and middle-office capabilities that investment managers require.
“Alternative fund managers face unprecedented reporting requirements and investor due diligence, and they are turning to their administrators for support,” said Chris Momsen, Senior Vice President and General Manager of Global Accounts at Advent. “Many fund managers are finding that they lack the middle-office infrastructure to produce the kind of detailed reporting that investors expect and regulators require. Enhanced middle-office functionality is a key feature of the latest version of Geneva®, which further expands the services that Maples and other administrators can offer.”
Maples’ clients around the world can access Geneva® reports and bespoke dashboards to get a comprehensive picture of activity across multiple portfolios at any time, including:
“Investment managers have very customized ways of doing things and a one-size-fits-all approach to middle-office services just doesn’t work,” said Tyler Kim, Chief Information Officer, Maples Fund Services. “We work with our investment management clients to introduce best practices into their operations, help re-engineer their processes, and provide access to the information necessary to execute their investment strategies. Geneva® is instrumental in helping us provide that level of service for our clients.” www.advent.com