Asia PR News

BURLINGTON, Mass., LONDON, MELBOURNE, and SINGAPORE, Jan. 30 /PRNewswire-AsiaNet/ –

— Charles River IMS Selected for Extensive Asia Pacific Expertise –

Charles River Development, a leading provider of financial software and
services to the global investment management community, today announced that
Daiwa SB Investments Ltd. (Daiwa), a leading Japanese asset management company,
has selected the Charles River Investment Management System (Charles River IMS)
to monitor more than USD $31 billion in assets under management. Charles River
IMS is a comprehensive front- and middle-office software suite for portfolio
management and modelling (Charles River Manager), order management and
electronic trading (Charles River Trader), real-time compliance monitoring
(Charles River Compliance), and the centralised management of trade matching,
confirmation, and settlement workflow (Charles River Post-Trade).

Daiwa’s decision to replace various existing local vendors and upgrade to
Charles River IMS was largely due to the firm’s need to consolidate and
streamline its fund management operations onto one integrated platform. “We
found Charles River IMS is the most compatible fit and ideal system to automate
our global and Japanese investment operations,” said Mr. Suichi Komori,
president and CEO of Daiwa. “We were particularly impressed with Charles River
Compliance which enables us to apply compliance rules precisely for each fund.
We can, therefore, more easily adhere to the broker trading restrictions unique
to Japan.”

Mr. Komori continued: “The system covers all investment classes, not only
equities or fixed income, and this means that all compliance can now be
executed in one front office system. We also have direct access to support
from Charles River’s Melbourne, Singapore in addition to Tokyo staff, and once
the implementation is complete, we will have one integrated system that fully
streamlines our investment operations workflow.”

Cameron Field, managing director, Asia Pacific stated: “The decision for
Daiwa to implement Charles River IMS clearly reflects further acceptance of the
product in the Asia Pacific region. We feel that our product provides asset
managers in this region with significant capabilities beyond what has
previously been available and we are happy to see them take advantage of it.
What’s more, through collaboration with our Tokyo-based Sales and Service
Partner, Nissay Information Technology Co., Ltd., we are able to ensure that we
are exceeding the functionality and service needs of Japanese asset managers,
in particular.” Over 185 clients worldwide use Charles River IMS, including
over 30 fund managers across Asia Pacific in locations such as Australia,
Tokyo, Singapore, Thailand, Taiwan, Malaysia, and New Zealand.

Charles River is the recipient of numerous industry awards including Best
Buy Side OMS / Waters Reader Rankings 2005, Best Portfolio Management System /
Waters Reader Rankings 2005, Top Compliance System 2005 / Global Investor, Best
Buy Side OMS / Waters Reader Rankings 2004, Best Buy Side OMS / Waters Awards
2004, Top OMS System 2004 / Global Investor and Vendor of the Year 2004 /
Operations Management newsletter.

About Charles River Development
Charles River Development is a market-leading provider of software and
services to 190 investment managers in the global institutional asset
management, mutual fund, banking, pension, hedge fund, wealth management, and
insurance industries. The Charles River Investment Management System is a
comprehensive front-to-middle-office software suite for all security types that
includes Charles River Manager for portfolio management and modelling; Charles
River Trader for order management and electronic trading; Charles River
Compliance for real-time pre-trade and end-of-day compliance; and Charles River
Post-Trade for the centralised management of trade matching, confirmation, and
settlement workflow. The system incorporates real-time FIX-based electronic
trading via the Charles River Network, a reliable, secure, private financial
network based on the BT Radianz global financial extranet.

Charles River Development is a market-leading provider of software and
services to 190 investment managers in the global institutional asset
management, mutual fund, banking, pension, hedge fund, wealth management, and
insurance industries. The Charles River Investment Management System is a
comprehensive front-to-middle-office software suite for all security types that
includes Charles River Manager for portfolio management and modelling; Charles
River Trader for order management and electronic trading; Charles River
Compliance for real-time pre-trade and end-of-day compliance; and Charles River
Post-Trade for the centralised management of trade matching, confirmation, and
settlement workflow. The system incorporates real-time FIX-based electronic
trading via the Charles River Network, a reliable, secure, private financial
network based on the BT Radianz global financial extranet.

The company offers many services to complement its software including
implementation services and managed services (hosted and remote application
management). Founded in 1984, Charles River maintains headquarters in Boston
and primary offices in London, Melbourne, Paris, and Singapore.

Contact:
Nicole Goodnow, Manager, Public Relations, Charles River Development,
1.781.425.6118 direct, NicoleGoodnow@crd.com

SOURCE: Charles River Development

CONTACT: Nicole Goodnow,
Manager,
Public Relations,
of Charles River Development,
+1-781-425-6118,
NicoleGoodnow@crd.com

Web site: http://www.crd.com