FBR Capital Markets has selected Advent’s portfolio management and fund accounting solution, Geneva, to support its prime brokerage platform.
FBR Capital Markets, a middle market investment bank, provides clients with a portfolio of products and capital markets solutions including institutional sales and trading, research, investment banking, asset management and prime brokerage services.
It has selected Geneva to provide its prime brokerage clients a turnkey solution for their global portfolio reporting and fund accounting needs.
It also provides a scalable platform with data aggregation capabilities that facilitate multi-prime reconciliation and reporting.
"Geneva is a leading, best-of-breed technology platform that will allow us to grow our business in a meaningful way," says Michael Murray, managing director and head of prime brokerage services at FBR Capital Markets. "Our priority is to give clients the flexibility to think globally and respond quickly to opportunities in the marketplace. With a reputation as the world’s leading real-time, multi-currency, global portfolio management and fund accounting solution, Advent’s Geneva is the right solution to support our strategy."
"We are very pleased that Advent is able to provide FBR Capital Markets with a flexible framework for growth," adds Chris Momsen (pictured), senior vice president and general manger of global accounts for Advent. "The scalability of Geneva, combined with its ability to respond and adapt to increasingly complex strategies and exotic securities, provides FBR Capital Markets with a platform that not only differentiates it today, but will also serve it well into the future as the marketplace continues to evolve."