Charles River Development (Charles River), an award-winning provider of financial software and services to the global investment management community, today announced that China Life Asset Management Company, China's largest institutional investor, has selected the Charles River Investment Management System (Charles River IMS) to automate its investment operations across all assets classes.
The firm will benefit from extensive portfolio management, order management and real-time pre-trade compliance testing and monitoring capabilities on a single integrated platform, made available in a fully localised Chinese version.
"The China financial market is exceptionally fast paced. To be nimble in this ever-changing environment, and to be able to best cater to our customers, we needed an investment management system that is robust," said Fengming Zhang, Executive Vice President, China Life Asset Management Company. "Charles River's proven system, local knowledge and 24x7 regional support is critical to our growth strategy. We now have comprehensive portfolio management, and pre- and post-trade compliance capabilities that allow us to adhere easily to client mandates for our domestic Chinese business."
"China Life Asset Management Company is a key strategic partner and Charles River's first domestic asset management client in China," said Cameron Field, Managing Director, Asia Pacific, Charles River Development. "As China rapidly deregulates its capital markets system, we are seeing increased demand by Chinese asset managers for a comprehensive front- to middle-office platform that can manage complex investment strategies as well as domestic products. Charles River IMS gives our clients the flexibility and necessary tools to create and manage portfolios of any asset class, including local Chinese equity and fixed income investments."