Confluence, the fund administration automation provider, has opened an office in San Francisco.
It is the firm’s fourth office worldwide, adding to existing offices in Pittsburgh, London and Luxembourg. Confluence says the new office will enable the firm to pursue its strategic acquisition goals, while leveraging the areas top technology talent and serving the growing reporting, transparency and control demands of the regions hedge fund community.
Mark Evans, founder, chairman and CEO of Confluence, says, As a strong investment banking center and a region known for technology innovation, San Francisco affords Confluence excellent opportunities for strategic growth through acquisition and continued product innovation. Were dedicated to working with our global customers to respond to the growing pressures for transparency, control and scalability being placed on back-office fund administrators. We believe that those who invest in their IT infrastructure and move to automate their critical back-office business processes will be positioned to meet continued regulatory and stakeholder demands for transparency and control, while gaining a competitive advantage in the marketplace.
Confluences new office is located at 1 California Street, Suite 2630, San Francisco, CA 94111.
(CG)