Leading UAE-based investment manager chooses APX to streamline operations and enhance data management and reporting capabilities
WINDSOR, Conn., Dec. 12, 2016 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), a global provider of financial services software and software-enabled services, today announced Daman Investments PSC, one of the leading UAE-based regional investment companies, has chosen Advent Portfolio Exchange® (APX) to enhance its asset management technology capabilities.
The APX platform offers a robust set of portfolio management, fund accounting, and performance analytics tools. APX stood out from the competition due to its simplicity and modular features, as well as SS&C's global experience and strong local presence. Another factor was the extensive global Instrument coverage available in APX, as well as locally popular instruments and Sharia investments coupled with multilingual reporting with Arabic language support.
"Daman's client-centric approach over the years has allowed us to deliver superior risk-adjusted returns and APX will help us further strengthen our investment management & client-reporting capabilities," said Farid Samji, Head of Asset Management at Daman Investments. "SS&C's APX provided us with a compelling solution, which was not only compliant with the Global Investment Performance Standards (GIPS) but also had a robust implementation track record and support in the region."
"The team went through an extensive evaluation process before selecting SS&C and we are honored to work with Daman Investments and support their investment efforts in the region," said Mats Berggren, Vice President EMEA, SS&C Advent. "APX will dramatically help Daman Investments enhance its client focus and reporting capabilities in an increasingly competitive marketplace."
SS&C has been operating in the Middle East through its SS&C Advent business unit since 2006 and has more than 30 clients based in the region. The key to their success has been strong local presence and a deep understanding of regional investment management practices, combined with world-class technology within our integrated middle and front office solutions.
About Daman Investments PSC
Daman Investments PSC ("Daman") is a private joint stock company based in Dubai, UAE. From its early beginnings in 1998, the group has grown rapidly into a non-bank financial services company now widely recognized as an authority in its core markets, the Gulf Cooperation Council (GCC). Known for offering innovative investment products and services to both regional and international clients, Daman provides investment management and development capital investment opportunities as well as brokerage operations through its subsidiaries. Daman is committed to the principles of ethical business practice and operational transparency. All Daman's various operations are regulated by the United Arab Emirates Central Bank and the Securities and Commodities Authority (SCA).
About SS&C Technologies
SS&C is a global provider of investment and financial software-enabled services and software for the global financial services industry. Founded in 1986, SS&C is headquartered in Windsor, Connecticut and has offices around the world. Some 10,000 financial services organizations, from the world's largest institutions to local firms, manage and account for their investments using SS&C's products and services.
Additional information about SS&C (Nasdaq: SSNC) is available at www.ssctech.com.
Follow SS&C on Twitter, Linkedin and Facebook.
The SS&C Technologies logo is available at www.globenewswire.com/newsroom/prs/?pkgid=8587
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/daman-investments-selects-ssc-for-asset-management-300376149.html