Charles River Development opens Melbourne office

Source: Charles River Development

Charles River Development (Charles River), a leading provider of financial software and consulting services to the global investment management, banking, pension, and insurance industries, today announced the opening of its third Asia-Pacific office in Melbourne, Australia.

The office will serve as the firm's regional headquarters and offer implementation, consulting, sales support and other professional services to Charles River’s 18 Asia-Pacific clients including Aberdeen Asset Management, BT Financial, Commerce Asset Fund Managers, ING Investment Management, Prudential Asset Management, Queensland Investment Corporation (QIC), and Schroders Investment Management.

"The Asia-Pacific investment management marketplace is growing and we are seeing strong demand for front and middle office infrastructure solutions," said Peter Lambertus, president and CEO at Charles River. "Charles River is committed operationally and financially to the region and we will continue to invest the resources necessary to deliver Asia-Pacific investment managers an award-winning solution that will support and facilitate their growth strategies."

Charles River maintains two additional offices in the region. The Sydney, Australia office focuses on professional services. The Singapore office houses one of the firm’s software development teams as well as implementation and client service professionals. Cameron Field, Managing Director of Asia-Pacific is responsible for all regional operations.

"Charles River IMS offers more features and functions important to the Asia-Pacific financial industry than any other order management system currently available," said Charles River's Field. "For example, we support direct connections to SWIFTNet FIX and Thomson AutEx, as well as direct FIX connections to key regional brokers including Deutsche Bank, Salomon Smith Barney, and UBS Warburg. We offer support for market-specific yield calculation methods for Fixed Interest instruments and advanced FIX capabilities for order execution, which is increasingly gaining momentum in the region. In addition, our local development staff allows us to quickly add functional enhancements and customize Charles River IMS to meet regional requirements as they arise and evolve."

"Melbourne is a strong, dynamic financial centre and many of the region's investment management and insurance organizations have operations here," continued Field. "Our new facility puts us in the best possible position to serve the needs of local firms with a proven product backed by a dedicated professional services group."

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