Advent Software (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced that Orangefield Trust has selected the Geneva portfolio management system and the Advent Partner World Investor solution for global investor accounting and servicing.
Orangefield Trust (formerly ING Trust) operates from offices in 11 jurisdictions across the globe. The firm provides a wide range of management, administrative and trust or corporate services to funds, corporate clients and private clients, delivering services that can be tailored to these clients' needs.
Orangefield Trust already has over USD 2 billion assets under administration spread across 20 funds and is seeking further expansion of its business. To achieve this objective Orangefield Trust required a proven, scalable platform that would facilitate the desired growth without adding cost while delivering the high quality service which clients demand. Orangefield Trust turned to Geneva and Advent Partner World Investor to leverage the powerful, integrated accounting and servicing capabilities the Advent solutions offer.
"It was crucial for Orangefield Trust to further enhance our reputation for efficiency and high quality service," said Joep Bruins, CEO of Orangefield Trust. "To achieve that we needed a flexible, powerful and fully integrated platform able to handle the full sweep of instrument types our clients utilize, and with the scalability to support our growth plans. Advent Partner® World Investor and Geneva® offered us that platform. When combined with Advent's long and well-established reputation as the preferred provider for the fund administration sector, it made them the natural choice for us."
"We are thrilled that Orangefield Trust has turned to Advent to support their future growth," said Håkan Valberg, Senior Vice President and General Manager, Advent Software EMEA. "Our hedge fund solutions bring a broad range of benefits that enable all firms, regardless of size or complexity, to operate with greater accuracy, support both onshore and offshore investors, and satisfy clients' servicing requirements. Together, Advent Partner World Investor and Geneva provide firms with the robust infrastructure they need to manage and grow their business."