Case Study: NDB Wealth Management more than doubles AUM and modernizes mutual fund operations with SS&C Advent

NDB Wealth Management - Customer Case Study

NDB Wealth Management, part of NDB Bank Group in Colombo, Sri Lanka, needed a modern platform to support ambitious growth in mutual funds, institutional asset management and private wealth after acquiring a legacy business with inadequate systems. CEO Prabodha Samarasekera selected SS&C Advent and its suite of products—Advent Portfolio Exchange (APX), Moxy, General Ledger Exchange (GLX) and Tradex—to provide portfolio administration, trade order management, accounting integration and online fund distribution.

SS&C Advent implemented APX, Moxy, GLX and Tradex to integrate front-, middle- and back-office workflows, deliver customized client and institutional reporting, and enable online trading for clients and relationship managers. The solution cut paperwork and boosted efficiency, supported three lines of business, and helped drive measurable growth: assets under management rose from SLRs 25 billion in 2008 to SLRs 60 billion by September 2013—more than doubling in five years.

NDB Wealth Management

Prabodha Samarasekera

Chief Executive Officer