Peter Hess is the new president and CEO of Advent Software Inc., San Francisco, a leading provider of software and services to the investment management industry. Hess was appointed in January, succeeding Stephanie DiMarco, Advent's founder, who stepped down last June, but continues on the company's board and is slated to transition to an advisory role to senior management.

With annual sales of more than $325 million, Advent manages it all: accounting, trading, order execution, hedge fund and venture fund allocation and reconciliation for registered investment advisors, brokers, institutional investors and hedge funds.

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