White Mountain Advisors licenses Charles River Compliance module

Source: Charles River Development

Charles River Development, a leading provider of financial software and services to the global investment management community, today announced that White Mountains Advisors LLC has chosen Charles River Compliance to automate compliance monitoring of its $30 billion in insurance assets under management.

Charles River Compliance, one of four components of the Charles River Investment Management System (Charles River IMS), provides global, real-time pre-trade, post-execution, and end-of-day compliance monitoring for all security types. The firm also announced that it will provide White Mountains with a comprehensive, hands-free, hosted deployment of the application. Through its Managed Services Group, Charles River will provide, host, and manage all resources required to deploy and run Charles River Compliance on an ongoing basis.

Charles River Compliance, offers global, real-time pre-trade, post-execution, and end-of-day compliance monitoring for all security types. The system supplies comprehensive regulatory and general example standard rule libraries, a rule building wizard, pre-trade "what if" capabilities, and provides real-time notification of compliance events. In use by over 150 clients, the system is highly scalable and meets the most challenging processing requirements of the largest asset managers.

Charles River's hosted solution allows investment managers to leverage Charles River's best practices and technical expertise while realizing the benefits of increased efficiencies, reduced operating costs, streamlined workflow, and improved risk management. The managed services offering includes all hardware, software, hosting, network connectivity, system administration, and operations.

White Mountains Advisors LLC is a wholly owned subsidiary of White Mountains Insurance Group, Ltd.

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