Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced that Orangefield Trust has selected the GenevaÂ® portfolio management system and the Advent PartnerÂ® World Investor solution for global investor accounting and servicing.
Orangefield Trust (formerly ING Trust) operates from offices in 11 jurisdictions across the globe. The firm provides a wide range of management, administrative and trust or corporate services to funds, corporate clients and private clients, delivering services that can be tailored to these clientsâ needs.
Orangefield Trust already has over USD 2 billion assets under administration spread across 20 funds and is seeking further expansion of its business. To achieve this objective Orangefield Trust required a proven, scalable platform that would facilitate the desired growth without adding cost while delivering the high quality service which clients demand. Orangefield Trust turned to GenevaÂ® and Advent PartnerÂ® World Investor to leverage the powerful, integrated accounting and servicing capabilities the Advent solutions offer.
âIt was crucial for Orangefield Trust to further enhance our reputation for efficiency and high quality service,â said Joep Bruins, CEO of Orangefield Trust. âTo achieve that we needed a flexible, powerful and fully integrated platform able to handle the full sweep of instrument types our clients utilize, and with the scalability to support our growth plans. Advent PartnerÂ® World Investor and GenevaÂ® offered us that platform. When combined with Adventâs long and well-established reputation as the preferred provider for the fund administration sector, it made them the natural choice for us.â
âWe are thrilled that Orangefield Trust has turned to Advent to support their future growth,â said HÃ¥kan Valberg, Senior Vice President and General Manager, Advent Software EMEA. âOur hedge fund solutions bring a broad range of benefits that enable all firms, regardless of size or complexity, to operate with greater accuracy, support both onshore and offshore investors, and satisfy clientsâ servicing requirements. Together, Advent PartnerÂ® World Investor and GenevaÂ® provide firms with the robust infrastructure they need to manage and grow their business.â