Abu Dhabi Islamic Bank has selected Advent Portfolio Exchange (APX), an integrated portfolio management and client relationship management solution from Advent Software. APX will provide Abu Dhabi Islamic Bank with the technology infrastructure to support its new global wealth management division.
Abu Dhabi Islamic Bank focuses on providing customers with Shari’a-compliant financial services across its personal, corporate, royal, investment and institutional banking business lines. With its new global wealth management division, Abu Dhabi Islamic Bank is expanding the range of value-driven services it can offer clients to meet their financial goals.
Malik Sarwar, senior vice president of global wealth management at Abu Dhabi Islamic Bank, said: “A key component of Abu Dhabi Islamic Bank’s objectives is to use state-of-the-art technology to develop and deliver our banking products and services. With APX we have an industry-leading system that is proven in the market, and is provided and supported by a company that is proven in the region. APX gives us the capabilities we require to meet the wealth management industry’s best practice requirements, as well as the scalability to grow the business in line with our vision of being a top tier Islamic financial services group.”
Hakan Valberg, senior vice president and general manager of Advent Software EMEA, said: “We are delighted that Abu Dhabi Islamic Bank has entrusted Advent with the role of technology provider to support its exciting expansion plans in the wealth management arena.”
