Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced two senior sales appointments.
Jad Fares has been appointed regional sales manager for the Middle East and North Africa (MENA) region and will be based in Advent's Dubai office. Jesper Steiness has been appointed as director of business development for EMEA. The announcement comes as Advent continues to expand its client base in EMEA across a wide range of market segments, including asset management firms, hedge funds, wealth management firms, funds of funds and family offices.
Jad Fares joins Advent as regional sales manager for the MENA region, from Bloomberg where he served as Middle East and Africa Manager for Electronic Trading and Execution. He has over ten years' experience working for companies providing high-end solutions to markets in the Middle East and the US as well as an extensive background with sovereign wealth funds, pension funds, global asset managers, hedge funds and investment banks. In his role, Mr. Fares will be responsible for continuing to develop Advent's position as one of the leaders in the market in Saudi Arabia, as well as the broader MENA region.
Today more than 30 MENA-based clients use Advent's local solutions along with its world-class investment management systems. As evidence of the company's commitment to the region and understanding of the unique needs of clients in MENA, Advent maintains a full-service office in Dubai, which includes sales, relationship management, professional services and client support professionals.
Jesper Steiness will serve as director of business development for the EMEA region with a focus on the Luxembourg market. Mr. Steiness has over 20 years' experience in the global fund industry in Hong Kong, Singapore and Luxembourg. He has an extensive background in fund administration, custody and asset management and has held a number of independent directorships on fund boards.
"We're thrilled to have Jad Fares and Jesper Steiness on board as part of the Advent team as we continue to strengthen our positrr position in the region by adding more clients and developing a larger footprint with existing clients," said Håkan Valberg, Senior Vice President and General Manager, Advent Software EMEA. "They bring an impressive background that will be a valuable asset in supporting Advent's goals of eliminating boundaries between people, information and systems. Our growth in the region is the result of investments in the local solutions as well as Advent's service delivery. Our new appointments reinforce our strong commitment to building long-term relationships with our clients throughout Europe and the Middle East."