Wed, Apr 25, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

KSB Capital selects Advent software

Tuesday, May 17, 2011
Opalesque Industry Update - Advent Software, Inc., a provider of software and services for the global investment management industry, today announced that KSB Capital Group has selected Advent’s asset management solution,1 offered by Advent’s premier local partner, SISCOM, to deliver portfolio, client relationship, trade and fund order management.

As a newly launched firm, Riyadh-based KSB Capital Group went through a detailed market survey to select a solution that met their needs from the start, and found Advent’s solution to be the best match to their requirements. SISCOM implemented and customized the Advent suite at KSB Capital Group, delivering a complete solution covering front, middle and back office functionalities, which enabled KSB Capital Group to launch seven mutual funds in a very short time span.

“We chose Advent for the availability of a local implementation and support team through SISCOM, the solution’s comprehensive coverage of our requirements, and SISCOM’s ability to provide additional customizations as and when we need them,” said Bader M. Al-Saleh, CEO Consultant with KSB Capital Group. “This enabled us to have our operations efficiently structured from the start and to become a leader in the Saudi real estate funds market, where one of our recent funds, Rehab Real Estate, achieved over 40% net profits.”

“As KSB Capital Group’s experience demonstrates, Advent’s comprehensive, scalable and customizable technology, coupled with the presence of local SISCOM consultants is a winning combination for our clients,” said Håkan Valberg, Senior Vice President and General Manager, Advent Software EMEA. “Through the local expertise of our partner SISCOM, we have almost 10 clients in Saudi Arabia who already fully benefit from our world-class solutions, in a way adapted to their needs.”

(press release)

About Advent
Advent Software, Inc., a global firm, has provided trusted solutions to the world’s financial professionals since 1983.  Firms in more than 50 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 http://www.advent.com/about/resources/demos/pr

- FG

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - Sequoia takes Facebook stake as shares slide in data controversy, $1.4b hedge fund sees intact fundamentals for Facebook, Jim Cramer reveals some 'suggested hedge fund trades' amid the Trump tariffs[more]

    Sequoia takes Facebook stake as shares slide in data controversy From Bloomberg.com: The $4.2 billion Sequoia Fund bought a small position in Facebook Inc. as the stock slid late in the first quarter, investment manager Ruane, Cunniff & Goldfarb told clients. "The recent controversy enab

  2. Activist Investors - Blue Sky-owned Wild Breads faces uncertain future[more]

    From AFR.com: A Blue Sky private equity investment in artisan-style baker Wild Breads enjoyed multiple valuation upgrades despite losing millions and breaching its lending covenants, accounts lodged with the regulator last week show. Wild Breads lost $2.4 million in 2017, but Blue Sky ascribed a hig

  3. Opalesque Exclusive: Barnegat to close hedge fund to outside investors on weak opportunities[more]

    Komfie Manalo, Opalesque Asia: Bob Treue's Barnegat Fund Management said it is closing its $666m fixed income relative value hedge fund to outside investors. "The negative side to gains in Fixed Income Arbitrage is that unless we find new opportunit

  4. Investing - Hedge fund makes a big bet on malls, British hedge fund manager Odey short UK government bonds on QE bet[more]

    Hedge fund makes a big bet on malls From Barrons.com: The dominant narrative on American shopping malls is that they're dead. Crushed by Amazon.com, many brick-and-mortar retail stores are destined for bankruptcy. And where is the most retail, clustered all together? Malls. From a

  5. Performance - Hedge funds suffer first back-to-back loss in two years, Netflix performance burns hedge fund short sellers, Macro hedge fund up 14.5% in first quarter sees dollar falling, Renaissance Technologies rebounds across hedge funds in March[more]

    Hedge funds suffer first back-to-back loss in two years From Bloomberg.com: Hedge Fund returns sank for a second straight month in March, the first back-to-back loss since the first two months of 2016, as trade wars, tech-sector woes and a Fed rate hike dragged down the S&P 500 from its