Aurora Fund Admin in UAE partners with Avaloq for new fund administration
DIFC headquartered and DFSA regulated, Aurora FundAdmin Limited (Aurora) has partnered with Swiss wealth tech provider, Avaloq to launch its new fund administration business in Dubai UAE. Avaloq integrates blockchain and digital asset capabilities into traditional wealth management, allowing banks to offer crypto trading, custody, and tokenized asset processing
As per the announcement, by implementing the Avaloq platform, Aurora will establish a scalable operating model that automates and standardizes key processes, helping the firm increase operational efficiency, maintain high service standards and support future growth across the region. Aurora will implement the Avaloq platform as its core system for fund administration. This will enable a highly standardized and efficient operating model tailored to the firm’s requirements, with end-to-end processes running on a unified platform.
Aurora has been established to meet the growing demand for institutional-grade fund administration services in the Gulf. As a new, dedicated fund administration brand within the fast-growing BTA group, Aurora provides governance-led fund administration services for institutional clients, including fund accounting, investor services, financial reporting and regulatory support.
The Avaloq platform will enable Aurora to automate fund administration processes, strengthen controls and support regulatory reporting requirements through a single, integrated operating environment. The platform provides comprehensive fund administration functionality, including fund accounting, automated net asset value (NAV) calculation and validation, with real-time booking of fund transactions.
Aurora will further benefit from integrated data management for funds, automated earnings booking and income processing, and an intuitive dashboard for viewing individual and multiple funds. Avaloq’s open architecture also enables Aurora to seamlessly integrate third-party providers, including custodians and market data vendors, giving the firm access to additional services through a single platform.
Rohit D’Souza, SEO and Board Member, Aurora FundAdmin Limited, noted that with the launch of Aurora FundAdmin Limited, they are setting a new standard in fund administration for institutional investors. He explains, “We want to establish a strong operational foundation from the outset, and the Avaloq platform provides the level of automation, control and data consistency we need to run our business efficiently. It enables us to serve institutional clients effectively while supporting our growth ambitions. Avaloq is a partner that shares our focus on precision, transparency and operational discipline.”
Akash Anand, Managing Director, Middle East, Africa and India at Avaloq, added, “This builds on our existing partnership with its group company, BTA Finance Limited, and reflects work with a new generation of regional players is expanding the local ecosystem and creating a more comprehensive range of specialized financial services. We look forward to working closely with the team at Aurora as they launch their operations in the DIFC to deliver high-quality fund administration services.”
