Advent Software (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, announced today the opening of its Singapore office.
The office is Advent's third in Asia, which includes offices in Hong Kong and Beijing. It will cater to clients across the region and significantly strengthens Advent's presence in the fast-growing Asia market.
"We have experienced tremendous momentum in Asia, having doubled our client base in the region in the past 12 months. The Singapore office will help accommodate this increased momentum and further enhance Advent's ability to deliver innovative, reliable solutions to the investment management community," said Peter Hess, President of Advent. "This move demonstrates Advent's commitment to the region and allows us to better serve the diverse needs of our expanding customer base."
Advent's Singapore office will help support the growing number of clients in Asia who already depend on Geneva®, its award winning global portfolio management and fund accounting solution, which integrates all phases of the investment management process-portfolio management, accounting and reporting, client investor management, and light trade capture and risk capabilities. The new office will also service users of Tamale RMS®, Advent's industry leading research management solution, which helps standardize the research process, streamline workflow, and improve the investment decision making process.
"We are extremely excited that, within just two years, we are able to open our third office in Asia," commented Guillermo Orselli, Director of Business Development, Asia Pacific, at Advent. "This rapid growth is in response to the interest level that investment professionals have already shown in Advent's solutions, as well as our client's strong desire to keep pace with best-of-breed technology."
In addition to Asia, Advent also has offices throughout North America, Europe and the Middle East.