Princeton Financial Systems, a wholly owned subsidiary of State Street Corporation and a provider of portfolio management and accounting applications for global institutional investors, has revealed that Malaysian financial services provider, CIMB, has licenced PAM for Securities.
Kuala Lumpur-based CIMB will use PAM to manage its $10 billion portfolio in support of its asset management, mutual fund, and securities servicing businesses.
“CIMB is a rapidly growing and changing customer with a set of diverse requirements. We are proud to have been selected to help them optimize their operational efficiency. The momentum that we are experiencing in this region has positioned us in the forefront of the Malaysian investment management community,” says Andrew Sehulster, managing director of the Asia/Pacific region for Princeton Financial.