Morval Adopts Complete Linedata Accounting Suite, Adding Integrated MShare / MPartner Platform, MFact
30 July 2008 - 1:47AM
Business Wire
Linedata Services (LIN.FP), today announced that it has inked a
deal with Morval Bank & Trust Cayman Ltd., a wholly owned
subsidiary of the Swiss Private Bank Banque Morval, owned by Morval
Vonwiller Holding S.A., which will add the complete Linedata
accounting suite. This Linedata suite includes the integrated
MShare and MPartner solution, the only integrated transfer agency
and partnership accounting solution in the market, and MFact, an
easy-to-use global fund accounting solution. Morval Bank and Trust
Cayman Ltd. has outgrown their current solution and the Linedata
suite will allow them to grow its business and add new types of
funds to their portfolio. �Linedata�s platform allows us to work
with the largest and most complex funds without tapping the
capacity of the system,� said Alessandro Gysin, Managing Director,
Cayman Operations. �Linedata�s tools will have a major impact as we
continue to grow our business.� The software will be used out of
the Cayman office and will be used to support back-office systems
for all of their private trust customers. �We are delighted to have
been chosen by one of the world�s top private banking organizations
to support its global business,� said Peter Muldoon, Executive Vice
President at Linedata Services, Hackensack. �We look forward to
working with Morval to optimize the inherent value in using all
three of our back-office products so that they can achieve even
greater success.� Notes to Editors ABOUT LINEDATA SERVICES Linedata
Services (Bloomberg: LIN:FP) is the�global leader for investment
software, solutions, and support. Linedata combines technological
innovation, financial strength, and a deep understanding of�the
Asset Management, Leasing & Credit Finance, and Insurance &
Savings industries. Linedata Services� asset management division
provides comprehensive, scalable solutions to the buy-side,�to
manage the entire investment process from pre-trade to
post-settlement. Linedata is unique�in offering a full front- to
back-office solution via enterprise installation, or as an
Application Service Provider (�software as services� or �service
bureau� delivery), and has 20 years experience delivering ASP
solutions. Headquartered in France, Linedata Services achieved
revenues of EUR 164.8 million in 2007, has offices worldwide and
services more than 1000 clients across 50 countries. For more
information visit Linedata Services corporate site at
www.linedata.com. ABOUT MORVAL BANK AND TRUST CAYMAN LTD. Morval
Bank and Trust Cayman Ltd., a wholly owned subsidiary of Banque
Morval is a Swiss Private Bank, owned by Morval Vonwiller Holding
S.A., based in Geneva and controlled by the Zanon di Valgiurata
family. Morval began its operation in 1974 as a Swiss fund
management company. It became a private bank during the 1980s to
enable it to widen the range of services to its clients. The Bank
is at the core of a privately owned group with strong Swiss roots,
dedicated to private banking and fund management. It is regulated
by the Swiss Federal Banking Commission. (For more information go
to http://www.morval.ch/index.cfm) ABOUT MShare MShare is a
completely scalable transfer agency system that supports the needs
of domestic mutual fund operations, as well as the specialized
requirements of offshore markets, including equalization. MShare
provides an intuitive, rules-based processing and inquiry system
designed to respond to the industry�s most demanding service
environments. MShare can handle the high volumes of retail fund
complexes and institutional funds� complex reporting needs. MShare
is completely scalable, employs the most recent advances in
client/server technology, and can support a wide range of transfer
agency operations. With its open architecture, it can interface
with a variety of third-party reporting and data-analysis tools.
ABOUT MPartner MPartner is a powerful accounting solution that
automates capital activity and income allocations for investment
partnerships with complex multi-level fund structures such as funds
of funds and master-feeders. MPartner provides book accounting,
handles the tax and regulatory issues specific to cross-fund
investments and simplifies tax accounting for hedge funds. ABOUT
MFact MFact is a complete fund accounting solution that helps
clients improve productivity by providing complete portfolio and
financial accounting, NAV calculation, and regulatory compliance
and reporting in a single package. MFact is particularly well
suited to funds that invest in complex securities and multiple
currencies. For those organizations that act as advisor to their
own funds, MFact provides information to support and control the
investment process.
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