ATHENS, LONDON – September 10, 2018 – Finvent, the sole regional distributor and service provider of SS&C Advent Software since 2001, offering an extensive portfolio of Portfolio Management and Performance Reporting solutions, today announced that it has entered into a majority shareholding position with KlarityRisk, an award-wining, multi-asset class solution for market risk, portfolio construction, limits monitoring and investment decision analytics for the buy-side.
Finvent is a long-term, exclusive distributor and services provider of SS&C Advent Software in over 15 countries in Europe and Africa, providing turnkey implementations to the buy-side sector, via its consulting, training and custom engineering for the past 18 years. Finvent’s acquisition responds to a growing demand for unified performance and risk. This market requirement is driven by several key industry trends, including pressure from asset owners for a deeper understanding of both risk and return profiles, the race for higher performance investment strategies and the hovering volatility in several world regions that may have global consequences.
KlarityRisk award-winning solutions generate risk analytics to serve the Risk Modelling, Risk Measuring and Risk Managing needs of Advent-client companies, such as Asset Management, Private Wealth or Private Banking, Hedge Fund Managers, Pension Funds and many more. KlarityRisk also adds, Asset pricing calculations, portfolio limits and breach alerting, standard technologies and easy report integration for client or regulatory use.
“KlarityRisk multi-asset risk analytics are a key differentiator and a natural fit to Finvent’s offerings.” said Makis Ioannou, CEO, Finvent. “Advent clients world-wide can utilized risk analytics within their daily process, review risk vs. return and performance attribution analysis with the same data set they are already using. And several clients are already doing so in three continents.”
Finvent S.A., founded on 2001 as the sole distributor of SS&C Advent and a certified SS&C Advent Software outsourced partner, provides Advent best-of-breed applications and professional services to all types of asset management firms, bank private & wealth management divisions, mutual funds and hedge funds, fund administrators and family offices, organizations based in South Eastern Europe, Italy, Malta, Iberia, Middle-East and Africa.
With operations in Cyprus, Greece and Spain and clients in over 15 countries in the region, Finvent is a leading provider of trusted software applications and related full range of pre-implementation and post-implementation services, which are designed to provide quick return-on-investment to money managers.
KlarityRisk (www.klarityrisk.com) is an award-winning Risk Analytics, Risk Management and Regulatory Risk Reporting software and services provider, focused on the buy-side sector of the investment management industry.
KlarityRisk products assist in considering risk vs. performance in fund performance and regulatory risk reporting with a comprehensive set of tools, methodologies and measurements, aiming to control risk exposures via timely and continuous monitoring and reporting of investment’s risk. KlarityRisk holds operations in the UK and the USA, as well as a knowledge and development center in Athens.