Olympia will begin introduction of the GenevaÂ® platform in the second quarter of 2007 with Advent PartnerÂ® being introduced in the third quarter. Clients will benefit from the use of Adventâs leading-edge technology and its support for complex alternative investment instruments, which will significantly enhance the outstanding service Olympia already provides. Olympia Capitalâs offices in Bermuda, Dublin, Halifax, New York and Toronto will all participate in the new product lineup.
Raymond Morrison, Chief Operating Officer of Olympia Capital International, said, âWe believe that Adventâs GenevaÂ® platform is the most comprehensive portfolio accounting system available to hedge fund administrators and it will allow us to maintain a high level of control and operational efficiency. Olympia Capital has always strived to provide our clients with the highest level of service and the move to GenevaÂ® and Advent PartnerÂ® represents a considerable step forward for us in terms of the technology solution we offer to our clients and it will enable us to take our services to a whole new level.â
âThe new relationship with Advent provides Olympia with the world-class GenevaÂ® and Advent PartnerÂ® products,â said Charles Leone, Chief Operating Officer, Olympia Capital Associates, L.P. âThis offering further enhances our commitment to provide quality administration services and innovative solutions to our clients. In addition, our deployment of these products on new systems in enterprise-class data centers under a managed hosting environment substantially upgrades the quality, availability and protection of our IT infrastructure.â
âAdvent is very pleased to welcome Olympia Capital as a new client in the competitive fund administrator market,â said Chris Momsen, Vice President and Co-Head of Adventâs Global Accounts business unit. âAs one of the fastest-growing fund administrators in the business, Olympia Capital will benefit from GenevaÂ®âs scalable, real-time architecture and comprehensive instrument coverage, as well as Advent PartnerÂ®âs onshore and offshore investor servicing for their global client base. Adventâs solutions enable fund administrators to efficiently deliver accurate, reliable accounting services to the most complex alternative asset funds.â