Saudi Fransi Capital implements Advent® solution

First Published 10th January 2012

Saudi Fransi Capital implements Advent's asset management solution

Hakan Valberg, senior vice president and general manager, Advent Software, EMEA

Hakan Valberg, senior vice president and general manager, Advent Software, EMEA

"This is a significant win for us, confirming our success in the region in recent years and months."

Advent Software has announced the implementation of its asset management solution* at Saudi Arabia-based provider of brokerage and investment banking services; Saudi Fransi Capital.

"We needed better automation capabilities and a decrease in manual intervention in our operations," said Yasir Al-Rumayyan, CEO of Saudi Fransi Capital. "Advent allowed us to improve core functionality while fulfilling business requirements. We value Advent as a long-term strategic partner for us, offering local team support and comprehensive asset class coverage, as well as the scalability to support our future growth. We've so far been comforted in our decision by the rapid implementation process, which was a result of a good solution, understanding of our business requirements and project management."

"Being selected by Saudi Fransi Capital, thus adding another Middle Eastern Tier One institution to our client roster, validates our ability to support infrastructure globally while delivering deep local expertise and knowledge through our regional team," said Håkan Valberg, senior vice president and general manager, Advent Software EMEA. "This is a significant win for us, confirming our success in the region in recent years and months, showing that Advent continues to offer operational efficiencies and value as a single solution vendor for investment management organizations in the Middle East."

* Advent's asset management solutions include Advent Tradex® for fund order management, Geneva®, Advent's portfolio management and fund accounting solution, and the Moxy® trade order management system.

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