Wealth management technology firm Advent Software has announced that its total number of clients in the Middle East has exceeded 30, and said it continues to be committed to growing its presence in the region.

According to Advent, demand for its wealth management software has been driven by firms looking to strengthen their operational infrastructures, achieve increased efficiencies, manage costs and improve client service.

Advent’s clients are located across the Middle East’s major financial centres - Dubai, Abu Dhabi, Bahrain, Qatar, Kuwait, Riyadh and Cairo - and include asset managers, wealth managers, private banks and family offices.  The firm’s client base in the Middle East includes SHUAA Capital, Ahli United, NBK Capital, Dubai Group and Arab National Bank.

“Having a strong team of industry experts in Dubai that understands the local market has been a key factor in winning new business and developing strong relationships in the region.  We look forward to further expansion in the Middle East and adding to our growing client list,” said Hakan Valberg, general manager of Advent Software EMEA.

Advent established its Dubai office in 2006, which now includes local client support and sales teams and implementation consultants. The majority of the Dubai team is from the region, and all are experienced in the field of investment management.