AFA Systems, the global provider of advanced software solutions for the banking and asset management industries, today announced that Piraeus Asset Management Company (PAMCO), an affiliate of Piraeus Bank Group in Greece, has signed a contract to implement AFA AIMS, the front and back office asset management system. PAMCO joins more than 50 Asset Management companies already using AFA AIMS.
AFA AIMS is a real-time Investment and Portfolio Management system designed to meet the needs of both institutional and private client fund managers. It is built on a modular approach and delivers a complete portfolio modelling and management system. AFA AIMS encompasses core functions such as orders, trades, settlements, cash management and reporting for management, administration and clients. The system caters for all types of instrument including equities, capital and money market assets, derivatives, property and foreign exchange.
Through a distribution agreement between AFA Systems and ABC Professional Services, PAMCO has selected the AIMS Suite from AFA Systems as its integrated solution for Asset, Investment and Portfolio Management including Client Reporting and Common Knowledge. PAMCO will incorporate a full-scale AIMS solution covering all functions across front, middle and back office, marketing sales and client support in order to implement an innovative global investment strategy.
Jeff Ashbolt, International Sales Director, AFA Systems said, “This is the first contract resulting from our distribution agreement with ABC Professional Services, who represent the Group and all of its products in the Hellenic region. This contract win endorses our strategy of expanding our international sales network and was secured because we offered the best solution to meet PAMCO’s needs. It further reinforces the reputation of AFA Systems as a leading supplier of Asset Management solutions.”