After looking at several vendors, the firm decided to replace its previous system, DST Hi-Port, with Advent’s wealth management solution.
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Advent’s Wealth Management solution covers portfolio, client relationship and trade order management.
The software company claims that its solution will enable NDB Aviva to improve their operational efficiency and achieve industry best practices, which in turn will enable them to develop their institutional investor client base and increase client service levels.
Commenting on the selection of Advent as their new technology vendor, NDB Aviva Wealth Management CEO Prabodha Samarasekera, said, "Their industry leadership and focus on compliance, along with the global standards of their performance reporting system were key points for us, as were the presence of their regional support team and their partnership with regional player Globacom.
"We were also challenged with the task of migrating 25 years’ worth of historical data, which was carried out by Globacom, UAE. They were able to bring together a team of professionals with deep business and technical knowledge," he added.
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