CITIC Securities Selects Advent to Support Growth Strategy

Sun Mar 10, 2013 9:10pm EDT

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

  BEIJING and SAN FRANCISCO, CA, Mar 10 (Marketwire) -- 
Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and
services for the global investment management industry, today announced
that CITIC Securities Co., Ltd. a leading full-service investment bank
based in Beijing, China, and a subsidiary of CITIC Group, is now live on
Advent's Geneva(R) and Geneva(R) Advantage solutions.

    As a global multi-strategy fund, CITIC trades in a number of financial
markets, which required them to find a solution with enhanced global
capabilities as well as broad functionality. CITIC selected Geneva(R) and
Geneva(R) Advantage to meet these needs. Geneva(R) is a global portfolio
management and accounting solution delivering comprehensive instrument
coverage, full financial general ledger, a unified data model enabling
flexible reporting capabilities and industry-standard integration tools
allowing firms to manage complex investment vehicles, multiple investment
strategies, and tiered fund structures. Geneva(R) Advantage is a
reconciliation system seamlessly integrated with Geneva(R) that automates
firms' reconciliation processes and provides top-down visibility into
severity and status of breaks to maximize operational efficiency.

    According to Stephen Xu, Technical Director at CITIC Securities
International, "Our decision to choose Advent's Geneva(R) solution was
based on Advent's proven expertise in the global alternatives market,
their track record of success in implementing premier solutions, and the
local service provided by Advent's Beijing-based, development,
implementation and support team." 

    "We're excited to work with CITIC and look forward to growing our
relationship in the years to come," said Pete Hess, President and Chief
Executive Officer, Advent Software. "CITIC's decision to work with Advent
is a testament to our ability to deliver great local services and support
in Asia. Our local expertise paired with our award winning solutions and
knowledge of the global alternative investments market is the key to
helping our clients in the Asia Pacific region eliminate the boundaries
between systems and information."

    About Advent
 Advent Software, Inc., a global firm, has provided trusted
solutions to the world's financial professionals since 1983. Advent's
proven solutions can increase operational efficiency, reduce risk, and
eliminate the boundaries between systems, information and people so you
can focus on what you do best. With more than 4,500 client firms in over
60 countries, Advent has established itself as a leading provider of
mission-critical solutions to meet the demands of investment management
operations around the world. Advent is the only financial services
software company to be awarded the Service Capability and Performance
certification for being a world-class support and services organization.
For more information on Advent products visit
http://www.advent.com/about/resources/demos/pr.

    Advent, the Advent logo, Advent Software and Geneva are registered
trademarks of Advent Software, Inc. All other company names or marks
mentioned herein are those of their respective owners.

    About Geneva(R)
 Geneva, a global portfolio management and accounting
platform, is a proven solution for asset managers, hedge funds, fund
administrators, prime brokers, and mutual funds that require a high level
of operational efficiency and easy access to real time data. Geneva
offers comprehensive instrument coverage, full financial general ledger,
and industry-standard integration tools to enable firms to manage complex
investment vehicles, multiple investment strategies, and tiered fund
structures. For more information on Geneva visit
https://secure.advent.com/info/geneva_livedemo.

    

Media Contacts: 
Amanda Diamondstein-Cieplinska 
Advent Software, Inc. 
(415) 645-1668
adiamond@advent.com

Chris Schmutz
Advent Software, Inc. 
+852 31031614
cschmutz@advent.com 

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