LONDON--(BUSINESS WIRE)--Charles River, a front- and middle-office investment management solutions provider, today announced that Schroders, a global asset manager headquartered in London, is upgrading to the Charles River Investment Management Solution (IMS) Version 9 and expanding use of the system globally.
Schroders, a client since 2001, carried out a thorough investigation of the market and determined that Charles River IMS was the best global solution for key investment management activities.
“Schroders has grown considerably in the last decade and we are positioning ourselves to grow further,” said Matthew Oakeley, Group Head of IT, Schroders. “We have always viewed Charles River as a strategic partner. Using Charles River IMS more widely will allow us to increase functionality to the portfolio managers and trading teams and ensure that our business areas have the scalability to support future growth and diversification.”
“We work closely with clients, like Schroders, to help them gain maximum value from Charles River’s products and services and eliminate the need for multiple systems,” said Tim Green, Managing Director-EMEA, Charles River. “As a global organization, Schroders will also benefit from on-the-ground support and local expertise from Charles River’s offices throughout the world.”
Schroders is a global asset management company with £202.8 billion (€254.5 billion, $327.4 billion) under management as at 30 September 2012. With one of the largest networks of offices of any dedicated asset management company, Schroders operates from 33 offices in 26 countries across Europe, the Americas, Asia and the Middle East.
About Charles River
Charles River provides software and managed services to automate front- and middle-office investment operations for buy-side firms. SaaS solutions, including application management, data and compliance services, support portfolio management, compliance and risk monitoring, order and execution management, and access to global liquidity. The company has more than 350 clients in over 43 countries in the institutional asset and fund management, alternative investments, wealth management, insurance, banking, pension and custody markets.