Japanese asset management company Daiwa SB Investments is implementing technology from Massachusetts-based Charles River Development to consolidate its fund management operations on to a single platform.
The vendor says IMS will replace various existing local vendors to provide portfolio management and modelling, order management, electronic trading, real-time compliance monitoring and centralised management of trade matching, confirmation and settlement workflow.
Daiwa says the system was the most compatible fit to automate its global and Japanese investment operations.
Suichi Komori, president and CEO, Daiwa comments: "The system covers all investment classes, not only equities or fixed income, and this means that all compliance can now be executed in one front office system."
We also have direct access to support from Charles River's Melbourne, Singapore in addition to Tokyo staff, and once the implementation is complete, we will have one integrated system that fully streamlines our investment operations workflow."
He adds that the firm was particularly impressed by the Charles River compliance engine, which provides the opportunity to apply compliance rules precisely for each fund. "We can, therefore, more easily adhere to the broker trading restrictions unique to Japan."