Altamount Capital Management Pvt. Ltd has selected Advent Portfolio Exchange (APX), portfolio and client management application from Advent Software, and Moxy, the trade order management solution.
Located in Mumbai, India, Altamount Capital Management is the first of its kind in India, offering multi-family office (MFO) services and private investment opportunities to its network of ultra high net worth families. To support its launch of MFO services, Altamount wanted to adopt a robust and flexible platform that could increase productivity and accommodate growth without increasing risk or overhead costs.
The firm also needed a platform in place which provided comprehensive and consolidated client reporting across family structures and multiple providers, sophisticated performance evaluation and institutional style performance analytics in order to deliver enhanced client service and to improve operational efficiencies. After a thorough review of its options, Altamount decided that Advents integrated solution, comprised of APX and Moxy, could best meet its needs.
We were looking to automate virtually all of our processes and adopt international best practices and time-tested solutions used by multi-family offices globally, and we have met those objectives with the implementation of Advents integrated solution, says Pranav Joshi, director, Operations, Altamount Capital Management Pvt. Ltd.
Advent has provided us with an operational infrastructure that we expect will allow us to grow without increasing our cost base, which is especially critical in our early stages of development. Advents strong global presence and proven track record made them the technology vendor of choice over the competition.
We are delighted that Altamount Capital Management has selected our integrated solution to help support the launch of their multi-family services and future expansion, says Hakan Valberg, senior vice president and general manager, Advent Software EMEA. Altamounts confidence in our solutions reflects our status as a leading provider on the international front for this market segment. We look forward to expanding our presence in the region and to working with Altamount Capital Management as they develop and grow their business.
L.D.