Charles River Discusses Increased Adoption of Integrated Front-Office Solutions by APAC Wealth Managers at Wealth Briefing Asia 2014 in Singapore
November 11, 2014
Melbourne – Charles River, an enterprise-wide, front and middle office investment management solution provider, participated in a panel discussion of operational strategies for private banks in Asia Pacific at Wealth Briefing Asia 2014, held November 4th in Singapore. Participants discussed current trends, including the growing acceptance of integrated front-office solutions by wealth managers across Asia-Pacific to increase operational efficiencies.
Together with other industry representatives, Charles River experts led a discussion on the challenges of integrating legacy systems with disparate platforms and multiple data requirements. The panel examined how consolidating multiple platforms and leveraging institutional front-office solutions delivers a competitive advantage to private banks by alleviating day-to-day burdens on relationship managers, lowering operational costs, and allowing firms to focus on providing tailored solutions to clients.
According to Cameron Field, Managing Director-APAC, Charles River, wealth managers across Asia-Pacific are adopting integrated front office platforms to address the challenges of data quality, pressure to streamline operations and reduce costs, and the need to quickly introduce and support multi-strategy investment products.
“Charles River has provided institutional-class solutions for 20 years and we serve 50 of the top 100 investment firms worldwide, including the leading global wealth managers,” said Field. “Our scalable, flexible platform offers private banks advanced capabilities, flexibility and scale to support the complex and diverse needs of Asia’s wealth markets and deliver tailored solutions to clients.”
About Charles River
Charles River provides an end-to-end solution to automate front and middle office investment management functions across asset classes on a single platform. The solution offers a simplified operating model that includes enterprise software, data, application management/upgrades, hosting and FIX network to improve investment professional productivity, control risk and lower technology costs. Charles River serves more than 350 investment firms in 44 countries in the institutional asset and fund management, private wealth, alternative investments, insurance, banking and pension markets.