Under the deal, Clariden Leu (UK) has chosen services including Advent Portfolio Exchange, Moxy and Advent Rules Manager, among others, to deliver portfolio management, trade order management and compliance.

Clariden Leu (UK) had relied on its parent company to provide IT infrastructure but a corporate re-structure has forced it to look at its systems.

“Our company had always focused on asset management and outsourced technical responsibilities to our parent company’s IT department. Since this outsourcing model had been successful for several years, we decided to continue outsourcing our IT needs,” said Nick McCall, chief operations officer at Clariden Leu.

Advent Software, which is headquartered in San Francisco and has ofices worldwide, has been shortlisted for an award in the WealthBriefing Awards 2013 event; results are to be announced on 2 May.