August 14, 2018
Charles River Forms Business Alliance with Broadridge to Enable Clients to Reduce Risk and Improve Productivity
Expands SWIFT Capabilities in Charles River IMS
Charles River Development and Broadridge Financial Solutions have formalized a business alliance to enable better integration with the SWIFT network in the Charles River IMS. Broadridge’s SWIFT solution, which is used by more than 100 clients globally, accelerates the adoption of industry standard ISO formats to facilitate timely settlement and accurate start of day positions in the Charles River IMS.
Allan Gray, a privately owned investment manager in South Africa, has adopted the Charles River IMS, delivered as a cloud-based service. Portfolio managers, traders and compliance teams will use Charles River IMS to manage assets across various product types such as segregated mandates and unitised funds. This implementation will enable straight through processing from the investment decision through to compliance and trade execution.
Charles River Development has won “Best Buyside Order Management System (OMS)” at this year’s Waters Ranking Awards. Presented in New York on July 12, the awards are selected by end users across the financial services spectrum. Charles River combines traditional OMS (Order Management System) and EMS (Execution Management System) capabilities into an Order and Execution Management System (OEMS) to eliminate the need for multiple trading systems.
July 20, 2018
Charles River Development to be acquired by State Street Corporation
Complementary offerings combine to deliver an interoperable, front-to-back client investment servicing platform for Buy-Side investment firms
Charles River Development, provider of the Charles River Investment Management Solution (Charles River IMS), announced today a definitive agreement to be acquired by State Street Corporation (NYSE: STT). The acquisition, which is subject to regulatory approvals and customary closing conditions, is expected to be completed in the fourth quarter of 2018.
July 17, 2018
Montanaro Asset Management Live on Charles River’s IBOR
Real-time position and cash updates support front office and eliminate manual reconciliation
Montanaro Asset Management, a London based asset manager, has implemented Charles River’s Investment Book of Record (IBOR) to provide portfolio managers and traders with up to date position and cash information in the Charles River IMS. Montanaro has used Charles River IMS for portfolio management, compliance and trading over the last 6 years.
Johnson Investment Counsel, Inc., Ohio’s largest independent wealth management firm, has chosen the Charles River Investment Management Solution (Charles River IMS) for its institutional and wealth management businesses. Implementing Charles River IMS positions Johnson Investment Counsel for growth by providing greater scalability to manage its US fixed income and global equity investments, as well as a mix of multi-asset products, across the entire trade lifecycle.
Sanlam Multi Management International has chosen the Charles River IMS to consolidate and streamline its investment management processes. The Multi Manager business will use the cloud-based solution for portfolio management. Sanlam’s multi-manager team will have a centralised view for model comparison, with enhanced workflows for greater efficiency, oversight and scalability. Combining data from custodial and Linked Investments Service Provider (LISP) sources will enable integrated portfolio construction capabilities.
Charles River Development has won “Best Portfolio Management Solution” at this year’s WealthBriefing Asia Awards. Presented on 31st May in Singapore, this is the second wealth management award this year recognising the Charles River Investment Management Solution (Charles River IMS). These awards recognise companies, teams and individuals the judges consider having demonstrated innovation and excellence during 2017.
May 22, 2018
Societe Generale in Luxembourg Centralises Trading on Charles River IMS
European financial services group adopts Charles River to enhance service to its private banks and I-DEAL clients
Societe Generale in Luxembourg, namely Societe Generale Bank and Trust (SGBT), has deployed the Charles River Investment Management Solution (Charles River IMS) as the enterprise trading platform for its private banking network and for the firm’s outsourced buy side order execution service, I-DEAL.
March 26, 2018
Charles River Moves London Office to Support European Growth
Charles River has moved its EMEA headquarters to a larger office in the centre of the City of London. The new location will accommodate the expansion of the EMEA business and the growing number of investment management clients throughout the region.
February 22, 2018
Charles River Receives ‘Best Portfolio Management’ for 2nd Consecutive
Charles River Development has won “Best Portfolio Management Solution” for the second year in a row at this year’s WealthBriefing Swiss Awards. Presented on February 8th in Geneva, the WealthBriefing awards are designed to recognise companies, teams and individuals that judges consider to have demonstrated innovation and excellence during 2017.
Charles River clients subject to the European Union’s Markets in Financial Instruments Directive II (MiFID II) are now able to comply using the Charles River Investment Management Solution (Charles River IMS). Charles River has worked with clients across Europe, North America and Asia to deploy the necessary capabilities in time for the regulation’s January 3 implementation date.