The Olympia Capital Companies, providers of administration services to the alternative investment fund industry, has contracted to license Advent’s Geneva and Advent Partner.
Olympia will begin introduction of the Geneva platform in the second quarter of 2007 with Advent Partner being introduced in the third quarter. Olympia Capital’s offices in Bermuda, Dublin, Halifax, New York and Toronto will all participate in the new product lineup.
“We believe that Advent’s Geneva platform is the most comprehensive portfolio accounting system available to hedge fund administrators and it will allow us to maintain a high level of control and operational efficiency,” says Raymond Morrison, Chief Operating Officer of Olympia Capital International.
“Olympia Capital has always strived to provide our clients with the highest level of service and the move to Geneva and Advent Partner represents a considerable step forward for us in terms of the technology solution we offer to our clients and it will enable us to take our services to a whole new level.”
“Advent is very pleased to welcome Olympia Capital as a new client in the competitive fund administrator market,” says Chris Momsen, Vice President and Co-Head of Advent’s Global Accounts business unit. “As one of the fastest-growing fund administrators in the business, Olympia Capital will benefit from Geneva’s scalable, real-time architecture and comprehensive instrument coverage, as well as Advent Partner’s onshore and offshore investor servicing for their global client base.”