Integrated platform to support all assets classes
BOSTON & LONDON & MELBOURNE, Australia & NEW YORK & PARIS & SINGAPORE &
TOKYO--(Business Wire)--
Charles River Development (Charles River), an award-winning provider of
financial software and services to the global investment management community,
today announced that China Life Asset Management Company, China`s largest
institutional investor, has selected the Charles River Investment Management
System (Charles River IMS) to automate its investment operations across all
assets classes. The firm will benefit from extensive portfolio management, order
management and real-time pre-trade compliance testing and monitoring
capabilities on a single integrated platform, made available in a fully
localised Chinese version.
"The China financial market is exceptionally fast paced. To be nimble in this
ever-changing environment, and to be able to best cater to our customers, we
needed an investment management system that is robust," said Fengming Zhang,
Executive Vice President, China Life Asset Management Company. "Charles River`s
proven system, local knowledge and 24x7 regional support is critical to our
growth strategy. We now have comprehensive portfolio management, and pre- and
post-trade compliance capabilities that allow us to adhere easily to client
mandates for our domestic Chinese business."
"China Life Asset Management Company is a key strategic partner and Charles
River`s first domestic asset management client in China," said Cameron Field,
Managing Director, Asia Pacific, Charles River Development. "As China rapidly
deregulates its capital markets system, we are seeing increased demand by
Chinese asset managers for a comprehensive front- to middle-office platform that
can manage complex investment strategies as well as domestic products. Charles
River IMS gives our clients the flexibility and necessary tools to create and
manage portfolios of any asset class, including local Chinese equity and fixed
income investments."
Charles River serves over 315 clients worldwide, including 19 clients in Japan,
and more than 100 client sites across 14 countries in Asia Pacific. With 50
specialists serving the region, many of them bilingual Japanese/English and
Mandarin/English speakers, Charles River maintains Asia Pacific headquarters in
Melbourne, offices in Tokyo and Singapore and has a regional presence in
Brisbane and Sydney.
More information regarding this announcement is available at www.crd.com
Charles River Development
Sandra Bieri, +61 3 8628 0125
SandraBieri@crd.com
Copyright Business Wire 2009
