In light of growth in the GCC region, Dubai-based alternative investment firm Amwal Capital Partners has joined Broadridge’s investment management platform to improve its analytics capabilities and efficiency.
The Dubai stock market has seen significant increases in trading over recent months, with volume traded increasing by 36.9% month-on-month to 4.8 billion shares in March this year.
This continued the region’s upward trajectory, with the Dubai Financial Market hitting its highest levels since April 2015 in February and market capitalisation of listed stocks rising to AED 3.59 trillion in December 2023.
Broadridge’s platform includes multi-asset trading, workflow functionality and automation of processes across the front, middle and back offices, providing daily performance analytics and calculations.
Portfolio, order and risk management are also included, alongside visual analytics and performance attribution. This will help the firm to reduce the time it spends gathering and manipulating data, Broadridge commented, facilitating a better understanding of portfolio management performance, risk and historical portfolio construction decisions and resulting in improved decision-making processes.
Samer Sarraf, senior executive officer and director at Amwal Capital Partners, commented: “As we expand our product offerings and set our sights on new asset classes […] the Broadridge platform has helped us to successfully streamline our operations and allow us to continue delivering on each of our clients’ individual requirements. The implementation was quick and the support from the team post-implementation has been exceptional.”
Mike Sleightholme, president of Broadridge International and head of asset management solutions, added: “We are delighted to provide Amwal Capital Partners with the technology they need to drive new efficiencies and automate their key processes, allowing them to make better-informed investment decisions and effectively manage their overall risk.”
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