Princeton Financial Systems today announced that as part of their continued growth in the Asia market, they have signed on APS Asset Management Pte Ltd (APS) for PAM for Securities.
PAM for Securities is a comprehensive investment accounting and management platform that supports international accounting and reporting requirements for a diverse range of assets and portfolio types.
After an extensive evaluation of products from the major vendors, Dr. Lee Kong, APS' COO, explained, "We chose PAM for Securities because it fulfilled our functionality requirements."
As a leading investment accounting system, PAM will not only cover all relevant asset classes of APS, but will also allow for the automation of multi-manager and multi-class accounting, as well as handling equity derivatives and prime broker accounting.
APS is providing fund management and investment advisory services globally out of its Singapore based headquarters. Due to APS' expansion in recent years, the existing investment accounting system could no longer fulfill all of their investment operations needs and consequently needed to be replaced.