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CITIC Securities goes live with Advent’s Geneva for hedge fund business

China-based full-service investment bank CITIC Securities has selected Advent's Geneva platform to support growth strategy for hedge fund business.

The new technology suite will boost its global capabilities as well as enhance functionality of the investment lender that operates in a number of financial markets, claims the technology provider.

Geneva is a global portfolio management and accounting technology, which offers inclusive instrument coverage, full financial general ledger, a combined data model for flexible reporting capabilities and industry-standard integration tools.

All the standard fitments enable the companies to manage complex investment vehicles, multiple investment strategies, and tiered fund structures.

Geneva Advantage is a reconciliation system that automates firms’ reconciliation processes and delivers top-down visibility into severity and status of breaks to maximize operational efficiency.

Serving more than 4,500 client firms in over 60 countries, Advent Software offers an array of technology platform, which can increase operational efficiency, reduce risk, and eliminate the boundaries between systems, information and people.