Boston, Beijing, London, Melbourne, New York, Paris, Singapore and Tokyo – January 12, 2011 – Charles River Development (Charles River), an award-winning provider of financial software and services to the global investment community, today announced that China Asset Management Company (China AMC) is live on the Charles River Investment Management System (Charles River IMS). China AMC is China’s largest fund manager. China Asset Management has implemented the latest Version 9 release of the Charles River IMS, which fully integrates order and execution management capabilities (OEMS) on a single platform. The implementation, delivered on time and on budget, also includes the Charles River Post-Trade module, which centralizes confirmation, trade matching, and settlement workflow and automates the post-trade process.
China AMC’s investment operations for assets managed under the Qualified Domestic Institutional Investor (QDII) scheme are now fully automated. QDII allows Chinese asset managers to invest in international assets on behalf of their clients. Users in the company’s main offices in Beijing and Hong Kong are currently using Charles River IMS. Charles River IMS interfaces with a number of third-party applications, including a Chinese domestic back-office system, and integrates with various proprietary systems.
“We looked at multiple solutions through a detailed evaluation process with the view to having a solution to support our assets in order to streamline and automate our front office investment platform,” said Lu Xiaoye, General Manager, Information Department, China AMC. “The Charles River IMS provides us with a platform that smoothly meets our current investment requirements.”
“China Asset Management is our first client in the region to automate operations with Charles River IMS Version 9, our most recent release,” said Cameron Field, Managing Director, Asia Pacific, Charles River Development. “As the QDII market in China is becoming increasingly competitive, Chinese fund managers are seeking greater efficiency and control in running their investment operations. They want to scale their business and support increasingly sophisticated products.”
In Asia Pacific, Charles River serves approximately 100 client sites across 14 Asian Pacific countries and is headquartered in Melbourne, with offices in Tokyo, Singapore and Beijing and regional presence in Brisbane, Sydney and Hong Kong. A team of fifty specialists, many of them bilingual Japanese/English and Mandarin/English speakers, provide investment managers with local implementation, consulting and support services.
About China Asset Management Company
China Asset Management Co., Ltd. (ChinaAMC) is one of the first nation-wide fund management companies approved by China Securities Regulatory Commission (CSRC). With headquarter locates in Beijing, ChinaAMC has branches in Beijing, Shanghai, Nanjing, Shenzhen Chengdu and Hangzhou, and a subsidiary in Hong Kong. ChinaAMC devotes to providing qualified investment products and services to investors on the basis of professional and prudent investment and research.
ChinaAMC keeps its leading position in the industry with regulated operation, stable management and comprehensive strengths. As of September 30, 2010, ChinaAMC is the largest fund management company in China with more than 14 million investors.
ChinaAMC develops rapidly and has obtained full licenses in the industry. It’s one of the first investment managers of National Social Securities Fund, corporate annuities and QDII funds, the first ETF manager in China, the sole investment manager of Asian Bond Fund China Fund, and it’s qualified to manage separated accounts. ChinaAMC’s business range is one of the widest in the industry.
ChinaAMC has established a completed product-line, including 23 open-end funds and 2 closed-end funds, from money market fund with low risk and return to equity funds with high risk and return, which could meet the demands of investors with different risk preferences. ChinaAMC also manages the Asian Bond Fund II China Sub-Fund and several mandates of National Social Securities Fund. It has also been designated as the investment manager of corporate annuities by more than 130 large and medium-sized enterprises, and the asset manager of segregated accounts by many clients. ChinaAMC is one of the fund houses with the largest number and most types of funds in China.
Charles River Development
Charles River Development is a front- and middle-office software solutions provider to more than 300 investment firms in the institutional, wealth management/trust, alternative, mutual fund, insurance, pension fund and fund administration/custody markets in over 35 countries. The Charles River Investment Management System (Charles River IMS) is an institutional-class multi-asset, multi-currency software suite that consists of five main modules: Charles River Manager for portfolio management and modeling; Charles River Compliance for real-time pre-trade, in-trade, post-execution and end-of-day compliance monitoring; Charles River Trader for order management, electronic trading and execution management; Charles River Post-Trade for the centralized management of trade matching, confirmation, and settlement workflow; and Charles River Performance for daily performance measurement, attribution, and performance risk.
Charles River IMS features a modern, proven, N-Tier service oriented architecture (SOA) that is highly scalable and supports continuous 24x7 operations. Message-based APIs and exposed Web Services facilitate rapid systems integration.
The system is fully integrated with the Charles River Network, a broker-neutral, financial network that incorporates global real-time electronic trading via FIX (Financial Information eXchange). Charles River also offers comprehensive FIX network and implementation services, as well as application management and hosting solutions.
Founded in 1984, Charles River maintains headquarters in Boston and primary offices in Beijing, London, Melbourne, New York, Paris, Singapore and Tokyo and has a local presence in every other major financial center of the world.