Emirates NBD Bank PJSC Rolls Out Advent to Singapore Operations

Wed Feb 27, 2013 5:00am EST

* Reuters is not responsible for the content in this press release.

  LONDON, SINGAPORE and SAN FRANCISCO, CA, Feb 27
(Marketwire) -- 
Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and
services for the global investment management industry, today announced
that Emirates NBD Bank PJSC, one of the largest banking groups in the
Middle East, has expanded its use of Advent's platform for asset and
wealth management(1) for its private banking and asset management
businesses to its operations in Singapore. 

    Emirates NBD was formed as a result of the merger between Emirates Bank
and National Bank of Dubai in 2007. Emirates NBD Private Banking provides
bespoke wealth management services encompassing investments across all
asset classes, real estate advisory, trusts and a range of
Shari'a-compliant services. Emirates NBD Asset Management offers
investment products, structured on either a Shari'a-compliant or
conventional basis. Its Asian expansion is a strategic part of its
private banking growth.

    As Emirates Bank and the National Bank of Dubai merged, Emirates NBD
wanted to consolidate systems and processes onto a global platform to
create an integrated and automated infrastructure. They trusted Advent's
platform for asset and wealth management to help streamline the
consolidation during their expansion into Asia, allowing them to have a
single platform across their global operations and to service the needs
of each local market. The Singapore operations of Emirates NBD are now
live on Advent's solutions.

    "Advent's Middle Eastern and international presence, as well as its
proven track record, made Advent the clear choice to support our growing
business," said Pierre Pissaloux, General Manager, Wealth Management at
Emirates NBD. "We are confident in its mix of world-class technology and
regional industry knowledge to help us meet our business needs across
geographies, and we will continue to roll out Advent's solutions in our
offices in Riyadh and London."

    "This announcement is another example of how Advent is helping to
eliminate boundaries in the financial services industry. As an industry
leader, we are focused on setting the standard for the global asset
management and private banking sectors, and are proud to have been chosen
to support the ambitious international expansion plans of one of the
leading Middle Eastern banks," said Hakan Valberg, Senior Vice President
and General Manager, Advent Software EMEA. "Emirates NBD's implementation
of our solutions to support their growth strategy is a testament to our
ongoing commitment to excellence and innovation."

    About Advent
 Advent Software, Inc., a global firm, has provided trusted
solutions to the world's financial professionals since 1983. Firms in
more than 60 countries count on Advent technology to run their
mission-critical operations. Advent's quality software, data, services
and tools enable financial professionals to improve service and
communication to their clients, allowing them to grow their business
while controlling operational risks and costs. For more information on
Advent products visit http://www.advent.com/about/resources/demos/pr. 

    Advent, the Advent logo, Advent Software, Advent Portfolio Exchange,
Moxy, Advent Rules Manager, Advent Revenue Center, Advent Corporate
Actions and Advent Custodial Data are registered trademarks of Advent
Software, Inc. Tradex is a registered mark of Advent Norway AS in Norway
and the European Union. All other company names or marks mentioned herein
are those of their respective owners.

    (1) Advent's platform for asset and wealth offers Advent Portfolio
Exchange(R) (APX), Moxy(R), Advent Rules Manager(R), Advent Revenue
Center(R), Advent(R) General Ledger Exchange (Advent(R) GLX), Tradex(R),
Advent Corporate Actions(R) (ACA), and Advent Custodial Data(R) (ACD) for
clients to select among in order to support key workflows and data across
the entire investment process.

    

Contacts: 
Paul Watthey
Advent Software EMEA
+44 (0) 20 7631 9211
paul.watthey@advent.com

Amanda Diamondstein-Cieplinska
Advent Software, Inc.
+1 (415) 645-1668
adiamond@advent.com 

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