Daman Investments, one of the leading UAE-based regional investment companies, said it had chosen the Advent Portfolio Exchange platform (APX) to boost its asset management system capabilities.

Daman is a private joint stock company based in Dubai, UAE. From its early beginnings in 1998, the group has grown rapidly into a non-bank financial services company now widely recognized as an authority in its core markets, the GCC.

The APX platform from Advent offers a robust set of portfolio management, fund accounting and performance analytics tools, according to a statement from Daman.

The APX platform stood out from the competition due to its simplicity, and modular features.

“Daman’s client-centric approach over the years has allowed us to deliver superior risk-adjusted returns and APX will help us further strengthen our investment management and client-reporting capabilities,” remarked Farid Samji, the head of asset management at Daman Investments.

Advent provided us with a compelling solution which was not only compliant with the Global Investment Performance Standards (GIPS) but also had a robust implementation track record and support in the region, he added.-TradeArabia News Service