Aurora FundAdmin partners with Avaloq for Dubai launch

Aurora FundAdmin, a new fund administration arm of the BTA Group, has partnered with Avaloq to launch its operations in Dubai. The firm will utilize Avaloq’s core banking platform to establish a scalable, automated operating model for its fund administration services.

Headquartered in the Dubai International Financial Centre (DIFC) and regulated by the Dubai Financial Services Authority (DFSA), Aurora aims to serve institutional clients by providing fund accounting, investor services, financial reporting, and regulatory support. The Avaloq platform will enable the automation of net asset value (NAV) calculations, real-time transaction booking, and integrated data management.

Aurora intends to target funds domiciled in both the DIFC and the Abu Dhabi Global Market (ADGM), with plans for future international expansion. The partnership leverages Avaloq’s multi-entity, single-instance architecture to allow for the addition of new markets and entities without the need to rebuild core operations.