The newly formed group, comprising innovators and thought-leaders from across the global asset management industry, will provide Kurtosys' board of directors and executives with advice on strategy, solution and technology direction, as well as asset management domain industry expertise.

"Recent events in the asset management industry have suggested that it needs to significantly improve client reporting to investors. These improvements include swifter reporting, greater transparency and increased accountability from asset managers," said Virginia Gambale, Kurtosys chairman.

"The industry experience provided by our advisory board will help Kurtosys to keep ahead of the curve with the continued development of products and services that meet and exceed the needs of our industry," said Mash Patel, Kurtosys CEO.

Kurtosys provides a client reporting service that automates data aggregation, report calculation, report generation and report distribution through an innovative web application. The Kurtosys service gives complete control of the reporting process to its customers with a domain-rich web interface that is designed specifically for each market segment within the asset management and asset servicing industries.

The advisory board will consist of industry leaders within each market segment serviced by Kurtosys, including asset management, fund administration, custody banking and private wealth management.