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Advent Software, a software provider for the global investment management industry, has announced that Pictet & Cie has implemented its wealth management platform for portfolio and client relationship management, Advent Portfolio Exchange.

Founded in 1805 in Geneva, Pictet & Cie is one of the world's largest private banks and an independent asset management specialist in Europe, with over CHF365bn (USD325bn) in assets under management and custody.

Pictet & Cie has been an Advent client since 2000, using Axys - Advent's turnkey portfolio management solution - for matters encompassing both the family office and independent asset managers.

The company's continued growth meant that it decided to migrate to Advent Portfolio Exchange.

Launched in 2005, Advent Portfolio Exchange provides an integrated portfolio management and client relationship management platform, with enhanced compliance, security and audit trail capabilities, as well as consolidated and flexible reporting.

Andreas Sutter, family office chief operating officer for Pictet & Cie, says: 'Advent Portfolio Exchange provides an excellent platform to our clients, offering them an integrated, robust and flexible portfolio and client management solution that allows for greater transparency. We are confident that this will not only significantly enhance our operational infrastructure for our family office clients, but most importantly enable us to provide a superior service to our clients across our business.'

Pictet also uses Advent Custodial Data, Advent's solution for managing and reconciling portfolio information.

Håkan Valberg, senior vice president and general manager, Advent Software EMEA, says: 'We are proud that Pictet has opted to expand its relationship with Advent. Having one of the world's largest private banks relying on Advent solutions to meet its current and future infrastructure requirements reflects Advent's reputation in this important segment of the market. We are very pleased that Advent Portfolio Exchange continues to be the solution of choice for wealth management in the EMEA region.'

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