US-based Ariel Investments has contracted to use Market Street Advisors for technology and operational support as the former business launches a global investment product into the institutional market.

Ariel will use Archer MSA for its managed accounts' technology solution. For middle- and back-office support, it will also employ MSA Ops outsourcing services from Market Street Advisors. Ariel was founded by John Rogers, Jr, and is headquartered in Chicago, Illinois.

Besides managing separate accounts for corporate, public, union, and non-profit organisations, it is the investment advisor for Ariel Investment Trust, which is comprised of six no-load, publicly-traded mutual funds.