First German bank chooses Advent as its Technology Partner

Amsterdam, The Netherlands, 25th June, 2003 - Leading provider of investment management solutions Advent Europe, announces that Göttler Finanz AG has chosen Advent Office™ for its portfolio management and client reporting, as well as its trade order management solution. Founded in 1997, Göttler Finanz AG is a futures commisson merchant and investment bank. Their clients are typically high-net-worth individuals. With 40 employees and about 3,500 clients, the bank last year made almost 3 million euros.

First German client
"This is our first client in Germany", says CEO of Advent Europe, Torbjørn Tenmann. "Despite the difficult market conditions, investment institutions invest in new technology. They look across borders and contact client references to help them find the solution that best fits their needs and that can help them cut costs. We at Advent are truly grateful for the trust and commitment that our existing clients show towards working with us and helping us become a pan-European success," concludes Tenmann.

That great leap towards Straight-Through-Processing
Having outgrown its earlier solution called Broker Base, the bank has since 2001 evaluated numerous systems. "In contrast to using an integrated system provided by many vendors, requiring the completion of many forms, check lists and other manual tasks, we will now have one solution that provides the functionality, scalability, operational security that Göttler needs to convert to a fully licensed German bank. Advent will be that giant leap towards realising STP," says Michael de Man, Head of Operations at Göttler Finanz AG.

A future client reference
"All existing Advent clients we have spoken to are references and have explained to us how they have benefited from the success of the solution in a live environment," concludes Mr. de Man. "Being live with the solution, we look forward to joining the existing client base of Advent Europe as an Advent client reference."