Clariden Leu UK, a London-based wealth manager focusing on ultra high net-worth investors, has opted to implement a suite of asset management applications from San Francisco-based Advent Software, a provider of software and services to the global investment management industry.
Clariden Leu UK, the asset management subsidiary of Clariden Leu, a Swiss private bank based in Zurich, will implement Advent Portfolio Exchange (APX); Moxy, Advent's ubiquitous order management system; and Advent Rules Manager, to support its portfolio management, order management, and compliance functions.
According to Advent, Clariden Leu had until now depended on its parent company for its technology infrastructure. Following a corporate re-structure, it was faced with having to implement its own wealth management platform, independent of its previous systems. An additional challenge was that that the project had to be completed within a short time frame using limited resources, without investing in a new infrastructure or training new personnel.
Anthony and James look at developments pertaining to the Consolidated Audit Trail and wonder if big-tech companies could challenge traditional asset managers.Subscribe to Weekly Wrap emails
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