Press releases
Covenant Capital in Singapore optimises customer services with Profidata
Covenant Capital is an independent asset manager based in Singapore that enables investment professionals to manage their clients' assets more efficiently and effectively – and has chosen Profidata's e-AMIS platform.
Urdorf, 28 June 2019 | The new platform brings additional flexibility and efficiency to investment management and reporting. It equips the Covenant Capital team with the technological infrastructure to offer independent, tailor-made investment advice and seamless family office services, including wealth and succession planning.
"The integration of technology into our offerings is an important pillar of Covenant Capital's ambitious growth strategy, which focuses on a broad range of services tailored to the investment and wealth planning interests of high net worth individuals (HNWIs) and families in Asia. e-AMIS has significantly enhanced our teams' ability to fulfil the role of family/investment office for our clients.
This also includes support from our customer service representatives and advisors, who achieve higher customer satisfaction by optimising customer service processes. Customers with multiple bank accounts can now also comprehensively track asset, geographical and industry risks. Our investment team can also review the allocation of returns and set compliance risk limits more efficiently and effectively," explains Edwin Lee, CEO, Covenant Capital.
"At Profidata in Singapore and at our headquarters in Zurich, we are delighted that e-AMIS, with its broad functionality and high degree of parameterisation, meets the demanding requirements of Covenant Capital. As we have intensified our presence and support for asset managers and family offices in the Asia-Pacific region, we are particularly pleased about the trust placed in us by Covenant Capital and about adding another highly respected, independent asset manager to our Singapore-based client base."
The technology will help Asian asset managers reduce costs and maintain current margins in an environment where investors are shifting to automated solutions¹. The e-AMIS platform enables Covenant Capital to remain at the forefront of this trend and relevant as an asset manager, while focusing on its core task of managing client assets. This is another step towards achieving Covenant Capital's vision of being a catalyst for change in the asset management industry.
Covenant Capital is an independent asset manager based in Singapore, founded in 2016. The focus is on leadership and a "back to basics" model of asset management to achieve long-term wealth creation, preservation and transfer for high net worth individuals and families. Covenant Capital offers comprehensive services in two main categories: asset management and wealth planning – depending on the stage of the client's wealth journey.
Profidata Group
Founded in Switzerland in 1985, the Profidata Group offers software solutions for investment and wealth management as well as services for financial service providers. Its headquarters are located in Urdorf near Zurich. The company has branches and representative offices in Frankfurt am Main, Saarbrücken, Luxembourg, London and Singapore.
Questions regarding this press release:
Profidata Group
Dr Frank Jenner
Management
In der Luberzen 40
8902 Urdorf
Switzerland
Phone
frank.jenner@profidatagroup.com
¹ Source: Pwc.com. (2019). Asset & Wealth Management 2025 – The Asian Awakening. [online] Available at: https://www.pwc.com/sg/en/asset-management/assets/asset-management-2025-asia-pacific.pdf
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