In his role, Fares will be responsible to develop Advent’s business in the market in Saudi Arabia, as well as the broader MENA region.
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Fares will be based in Advent’s Dubai office. He joins Advent as regional sales manager for the MENA region from Bloomberg where he served as Middle East and Africa manager for electronic trading and execution.
Fares has over 10 years’ experience working for companies providing high-end solutions to markets in the Middle East and the US as well as has an extensive background with sovereign wealth funds, pension funds, global asset managers, hedge funds and investment banks.
As director of business development for EMEA, Steiness will focus on the Luxembourg market.
With more than 20 years’ experience in the global fund industry in Hong Kong, Singapore and Luxembourg, Steiness has an extensive background in fund administration, custody and asset management and has held a number of independent directorships on fund boards.
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By GlobalDataAdvent Software EMEA SVP and general manager, Hakan Valberg, said: "Our new appointments reinforce our strong commitment to building long-term relationships with our clients throughout Europe and the Middle East."
