Charles River, an enterprise-wide, front- and middle-office investment management solution provider, today announced that bank muscat's Asset Management Division in Oman, one of the largest fund managers in the Gulf Cooperation Council, is live on the Charles River Investment Management Solution (Charles River IMS) to support its equity and fixed income operations.
Bank Muscat is leveraging Charles River IMS for automated portfolio management, trading, compliance monitoring and performance measurement and attribution.
"Our portfolio managers, traders, compliance and operations staff now manage all accounts in Charles River. The flexible portfolio management tools and the combined order and execution management capabilities simplify our workflows and ensure compliance throughout the trade lifecycle," said Abdullah Al Hinai, Deputy General Manager, Investment Banking and FIG, bank muscat.
"Asset managers in the Middle East, like bank muscat, attract international investors and assets by incorporating new investment strategies and instruments into their portfolios," said Stephen Butcher, Managing Director-EMEA, Charles River. "Through our experience in these local markets we help investment firms across the region standardize and automate their investment operations to support expansion and control risk."