PRINCETON, NJ - APS Asset Management Pte Ltd (APS) has signed on to use PAM for Securities from Princeton Financial Systems. APS describes iteself as a "Singapore-based boutique fund management firm."
PAM for Securities is an investment accounting and management platform that supports international accounting and reporting requirements for a diverse range of assets and portfolio types.
After an extensive evaluation of products from the major vendors, Dr. Lee Kong, APS’ COO, explains, “We chose PAM for Securities because it fulfilled our functionality requirements.”
According to a Princeton press release, "As a leading investment accounting system, PAM will not only cover all relevant asset classes of APS, but will also allow for the automation of multi-manager and multi-class accounting, as well as handling equity derivatives and prime broker accounting."
Due to APS’ expansion in recent years, the existing investment accounting system could no longer fulfill all of their investment operations needs and consequently needed to be replaced.
Phil Albinus is the former editor-in-chief of Advanced Trading. He has nearly two decades of journalism experience and has been covering financial technology and regulation for nine years. Before joining Advanced Trading, he served as editor of Waters, a monthly trade journal ... View Full Bio