Nomura Asset Management’s Global Investment Platform Live on the Charles River Investment Management System
Single solution to automate front- and middle-office operations for non Japanese equities
Boston, London, Melbourne, New York, Paris, Singapore and Tokyo — April 22, 2009 — Charles River Development (Charles River), an award-winning provider of financial software and services to the global investment management community, today announced that Nomura Asset Management, Japan’s largest asset management firm, is live on the Charles River Investment Management System (Charles River IMS). Nomura Asset Management has successfully implemented Charles River IMS to automate its front- and middle-office operations.
As part of a multi-phased rollout, this phase completes the implementation for non Japanese equities at Nomura Asset Management’s global headquarters in Tokyo. Nomura Asset Management users now benefit from Charles River’s enhanced decision support, streamlined trade order management, and real-time pre-trade compliance monitoring on a single integrated platform. This project represents the first stage of Nomura Asset Management’s multi-phase plan to upgrade its global investment platform.
Charles River IMS, providing N-Tier service oriented architecture, now interfaces successfully with several of Nomura Asset Management’s internal and external systems, using industry-standard web services and interfaces.
“We were looking for a single, best-of-breed solution that can guarantee best execution. With Charles River, we chose a firm that understands the Japanese market,” said Koichi Goto, Senior Corporate Managing Director, Nomura Asset Management. “Furthermore, Charles River provides support where and when we need it—our people can call Charles River experts in Tokyo, London, New York or Singapore and receive real-time help.”
“The fact that Nomura Asset Management has selected Charles River IMS is a reflection of our consistent commitment to the Japanese market. We are fully dedicated in providing our valued Japanese clients with the best support possible,” said Cameron Field, Managing Director Asia-Pacific, Charles River Development. “Nomura Asset Management now has a platform that meets Japanese as well as global requirements, and supports their standards of excellence and risk management.”
Charles River serves over 315 clients worldwide, including 18 clients in Japan, and more than 50 clients across 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 Sydney and Brisbane.
About Nomura Asset Management
Nomura Asset Management Co., Ltd. established in 1959, is a multi-product firm offering advisory services, as well as equity and fixed income investments to both institutional and retail clients. Specializing in Japan and the Pacific Basin, Nomura Asset Management is the largest international investment management and advisory company in Japan with offices throughout the world. Nomura Asset Management is considered a pioneer of globalization with a strong presence in Asia, Europe and North America. Each management team is dedicated to sound research and analysis of market fundamentals. They use an expanded research network, integrated expertise and specialized technology to realize the optimum investment performance of each fund.
About Charles River Development
Charles River Development is an award-winning provider of technology systems and services to over 315 investment firms in the institutional, mutual fund, banking, hedge fund, wealth management, insurance and pension industries in more than 30 countries. The Charles River Investment Management System is a comprehensive front- and middle-office software suite for all asset classes 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 (Financial Information eXchange) through the Charles River Network, a broker-neutral financial network that is fully integrated with Charles River IMS.
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 company also offers implementation, application management services and hosting. Founded in 1984, Charles River maintains headquarters in Boston and primary offices in London, Melbourne, New York, Paris, Singapore and Tokyo.
Charles River is the recipient of numerous recent industry awards including: Best Integrated Front-Office Platform and Best Buy-Side Order Management System, Buy-Side Technology Awards 2008, 2007; Best Buy-Side Order Management System, TradeTech 2008, 2007; and FinTech Top 100, American Banker/Financial Insights 2008, 2007.
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