Swiss Fund Management Firm Goes Live With Advent's Axys For Portfolio Management And Reporting

Advent Software, Inc., a provider of global investment management solutions, announced that Wegelin Fund Management Ltd has gone live with Advent's Axys portfolio management and reporting solution. Axys is a comprehensive and powerful portfolio management and reporting system, enabling firms

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Advent Software, Inc., a provider of global investment management solutions, announced that Wegelin Fund Management Ltd has gone live with Advent’s Axys portfolio management and reporting solution.

Axys is a comprehensive and powerful portfolio management and reporting system, enabling firms to easily manage an extensive range of investment instruments, resulting in efficiencies that allow business growth without increased overhead, and more time to focus on differentiating their services.

Wegelin Fund Management Ltd, based in St Gallen, Switzerland, is a subsidiary of the oldest private bank in Switzerland, Wegelin & Co Privatbankiers, which was formed in 1741. Wegelin Fund Management Ltd specialises in providing funds administration services for Wegelin & Co Privatbankiers as well as other banks and independent asset managers in Switzerland and abroad.

“We wanted to expand our operation and ultimately grow our business, without considerably increasing costs. The solution we chose had to meet all our operational requirements which included integration of back office services and interface to the host system of the custodian, allow us to add additional funds from other institutions without additional overhead, and also have the capabilities to deliver all our reporting in accordance with the complex Swiss legal requirements,” explained Lars Inderwildi, Director at Wegelin Fund Management. After a thorough review of available options, Wegelin Fund Management chose Advent’s Axys for all the firm’s portfolio management and reporting requirements.

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