Profile Software, a Dubai-based financial solutions provider, is set to expand its regional presence in the MEA region as its wealth management solution IMSplus has been selected by well established firms as well as new banks and investment firms.
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As part of the move, the IMSplus platform has been chosen for the comprehensive coverage of fund, asset and wealth management as well as family office operations by Middle Eastern Financial Institutions including banks.
The company said that the platform will be implemented in a large investment bank and fund manager in the UAE, in an asset management firm, in a joint stock investment company in Saudi Arabia, in an investment bank in the UAE, as well as other financial services firms (insurance firms and family offices) in Bahrain and the UAE.
In order to support its expanding client base, the company has set up a centre of excellence and support for the Middle East region and is planning to recruit new staff with vast industry experience in the financial services and in the IT sector.
Profile Software will also relocate to new offices that will accommodate the expanding regional needs with more employees in the area.
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By GlobalDataAdditionally, the firm will invest in building partnerships with local Integrators who have demonstrated a successful path in the financial industry.
The company believes that the new partnerships in the MEA region will further support regional team efforts and its commitment in providing comprehensive solutions to its clients through the expertise of local and established firms.
