Advent Europe has entered an alliance with the London division of Pershing, a provider of multicurrency execution and clearing services, to co-promote their products to the UK securities marketplace.
The combined solution will offer private client asset managers a trade order management system with user-defined portfolio valuations and contact management through to settlement, custody and cash management.
The joint offering has already been implemented at two firms including 7im, a division of UK stockbroker Killik & Co.
David Cotterell, CEO of Advent Europe UK, says: “Advent has a strong relationship with Pershing US and Advent Europe is delighted to be able to provide true straight-through-processing to the growing independent asset management segment, as well as to the established stockbroker community."