November 6, 2016
Daman Investments PSC, one of the leading UAE-based regional investment companies, announced today that it had chosen the Advent Portfolio Exchange platform (APX) to enhance its Asset Management system capabilities. The APX platform offers a robust set of portfolio management, fund accounting & performance analytics tools.
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 & client-reporting capabilities.” said Farid Samji, 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.
About Daman Investments PSC (www.daman.ae)
Daman Investments PSC (“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 Gulf Cooperation Council (GCC).
Known for offering innovative investment products and services to both regional and international clients, Daman provides investment management and development capital investment opportunities as well as brokerage operations through its subsidiaries. Daman is committed to the principles of ethical business practice and operational transparency. All Daman’s various operations are regulated by the United Arab Emirates Central Bank and the Securities and Commodities Authority (SCA).
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