Rand Merchant Bank installs Advent Geneva in South Africa

Johannesburg-based Rand Merchant Bank (RMB) has licensed Advent Software's Geneva investment management and accounting platform as a basis to launch a new prime brokerage initiative. RMB identified the need for a flexible system that could consolidate data input from multiple systems, deliver comprehensive fund accounting and be implemented quickly to support growth. Advent's platform is already used by eight of the top 10 global prime brokers. RMB is a division of FirstRand Bank, one of the

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