Emirates NBD Adopts Advent's Wealth Platform For Singapore

Vanessa Doctor

1 March 2013

Emirates NBD Bank, the Dubai-based financial services firm, has adopted global investment management technology provider Advent Software's asset and wealth management platform for its Singapore operations.

Emirates NBD Bank has a private banking and asset management business in Singapore that covers a range of asset classes, including real estate advisory, trusts and a range of Shariah-compliant services. Its regional representative office was established in November 2006 after the merger of Emirates Bank International and National Bank of Dubai. The branch began operations in July 2010 and is supervised by the Monetary Authority of Singapore.

The technology upgrade is part of the company's private banking growth strategy in Asia, it said in a statement.

"We are confident in mix of technology and regional industry knowledge to help us meet our business needs across geographies, and we will continue to roll out its solutions in our offices in Riyadh and London," said Pierre Pissaloux, general manager for wealth management at Emirates NBD.

Advent Software platforms for asset and wealth include Advent Portfolio Exchange, Moxy, Advent Rules Manager, Advent Revenue Center, Advent General Ledger Exchange, Tradex, Advent Corporate Actions and Advent Custodial Data.