NDB Aviva selects Advent Software wealth management solution
Sri Lanka-based asset management firm NDB Aviva Wealth Management has selected US-based Advent Software's wealth management solution which covers portfolio, client relationship and trade order management.
Advent Software said its solution will improve NDB Aviva's operational efficiency to enable it to develop its institutional investor client base and increase client service levels.
Wealth manager will replace its previous system, DST Hi-Port, with Advent's wealth management solution.
NDB Aviva Wealth Management CEO Prabodha Samarasekera said that they decided to partner with Advent when they demonstrated that they could meet our specific requirements.
"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," added Samarasekera.
NDB AVIVA Wealth Management, which has more than $500m of funds under management, is a joint venture between Sri Lanka-based National Development Bank and AVIVA Asia Holdings.
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