MomentumAM, a subsidiary of Momentum Investments, which is a subsidiary of MMI Holdings, was formed in late 2011 through the merger of RMB Asset Management and Metropolitan Asset Managers.

"Charles River was originally deployed by Metropolitan Asset Managers in 2005 and is now the system of choice throughout the new business", says Sibusiso Mabuza, Chief Executive Officer of Momentum Asset Management. "With Charles River IMS, we have the ability to handle all asset classes and generate a complete audit trail by using one system throughout the trade lifecycle. We have embedded pre-trade compliance, which eliminates a separate system and streamlines the process. Charles River IMS also has the flexibility to integrate with other third-party systems, which is essential as we progress through the integration of various investment processes of the business".

To serve the expanding South African client base, Charles River has established a permanent regional presence. John Reardon, regional manager, originally from Durban, South Africa, is now based in Johannesburg and providing dedicated consulting and account management services for Charles River clients.

"I look forward to engaging with our South African clients, all of whom I have previously worked with in some capacity", said John Reardon. "Momentum Asset Management joins a growing list of clients in the country, and my new role demonstrates Charles River's commitment to the South African market".