Advent Software has appointed Jad Fares and Jesper Steiness to newly-created sales positions in the Middle East and Europe.

Fares, with more than 10 years’ experience in the financial sector, has been hired as a regional sales manager for the MENA region, and will be based in Advent’s Dubai office. He joins the firm from Bloomberg, where he served as MENA manager for electronic trading and execution.

In his new role, Fares will be responsible for Advent’s position in Saudi Arabia, as well as the broader MENA region.

Steiness, with more than 20 years’ experience in the global fund industry in Hong Kong, Singapore and Luxembourg, has been appointed as director of business development for the EMEA region, with a focus on the Luxembourg market. Steiness has previously held a number of independent directorships on fund boards.

In other recent developments, last month Advent Software won a contract to supply wealth management solutions to Clariden Leu (UK). Under the deal, Clariden Leu (UK) chose services including Advent Portfolio Exchange, Moxy and Advent Rules Manager, among others, to deliver portfolio management, trade order management and compliance.

Advent Software, which is headquartered in San Francisco and has ofices worldwide, has been shortlisted for an award in the WealthBriefing Awards 2013 event; results are to be announced on 2 May