Brazil’s Mellon Serviços Financeiros Selects Charles River Development to Automate Investment Compliance for All Asset Classes
Boston, London, Melbourne, Paris and Singapore – September 6, 2007 — Charles River Development (Charles River), an award-winning provider of financial software and services to the global investment management community, today announced that Mellon Serviços Financeiros DTVM S/A, the fund administrator for more than 70% of the independent fund managers in Brazil, has selected the Charles River Investment Management System (Charles River IMS) to automate compliance monitoring across its investment operations. Charles River IMS will provide real-time pre-trade, post-execution and end-of-day compliance monitoring for all asset classes. Mellon Serviços Financeiros’ users will benefit from the system’s easy-to-use rule-building and maintenance tools that ensure investment compliance with Brazilian regulatory rules as well as client mandates.
“We required sophisticated yet easy-to-use technology and on-the-ground support,” said Zeca Oliveira, CEO and Managing Director of Mellon Serviços Financeiros. “Charles River demonstrated they could provide this. Charles River IMS addresses our unique workflow and language requirements and will enhance our operational efficiencies.”
“We have been in Brazil since 2003 and have a deep understanding of how to partner with our clients to meet their requirements,” said Manuel Astiasaran, Director of Operations-Latin America, Charles River Development. “Brazil and other South American countries have unique needs and are among the fastest-growing markets in the world. Charles River is committed to helping our clients address their needs, such as investment regulations, fluctuating currency and inflation indexes and complex fixed income instruments.”
About Mellon Serviços Financeiros
Mellon Serviços Financeiros is a Brazilian regulated financial institution and a subsidiary of The Bank of New York Mellon Corporation, focused on providing financial services for independent investment managers and institutional clients. With a broad range of products, technology and services to help enhance the management, administration and oversight of their clients’ investment process, Mellon Serviços Financeiros is the leading Brazilian fund administration provider for independent asset managers, with more than US$26 billion in assets under administration.
The Bank of New York Mellon Corporation is a global financial services company focused on helping clients manage and move their financial assets, operating in 37 countries and serving more than 100 markets. The company is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services and treasury services through a worldwide client-focused team. It has more than US$20 trillion in assets under custody and administration and more than US$1 trillion in assets under management. Additional information is available at www.bnymellon.com.
About Charles River Development
Charles River Development is an award-winning provider of innovative technology systems and services to over 250 investment firms in the institutional, mutual fund, banking, hedge fund, wealth management, insurance and pension industries. The Charles River Investment Management System is a comprehensive front- and middle-office software suite for all security types that includes Charles River Manager for portfolio management and modeling; Charles River Trader for order management and electronic trading; Charles River Compliance for real-time pre-trade and end-of-day compliance; and Charles River Post-Trade for the centralized management of trade matching, confirmation, and settlement workflow. The system incorporates global real-time electronic trading via FIX through the Charles River Network, a reliable, secure, private financial network based on the BT Radianz global financial extranet.
Charles River IMS features a modern, proven, N-Tier service oriented architecture (SOA) that is highly scalable and supports continuous 24x7 operations. Charles River combined state-of-the-art (Java, Microsoft .NET and Web services) and industry-standard technologies to ensure Charles River IMS is open, flexible, scalable, functionally rich, and easy-to-use. Message-based APIs and exposed Web services facilitate rapid systems integration.
The company offers many services to complement its software including implementation services and managed services (hosted and remote application management). Founded in 1984, Charles River maintains headquarters in Boston and primary offices in London, Melbourne, Paris and Singapore.
Charles River is the recipient of numerous industry awards including: Best Buy-Side Order Management System, TradeTech 2007; Most Innovative Order Management System, Financial-I 2006; Best Portfolio Management System, Waters Reader Rankings 2007, 2006, 2005; Best Order Management System, Waters Reader Rankings 2005, 2004; Top Compliance System, Global Investor 2005; Buy-Side Software Leader for the 21st Century, Financial News 2006; Fintech Top 100, American Banker/Financial Insights 2006, 2005, 2004.
|
|
