Charles River Development Announces Daiwa SB Investments as New Client

Strategic Insights -

Daiwa SB Investments, a leading Japanese asset management company, has selected Charles River Development's Investment Management System (Charles River IMS) to monitor more than USD $31 billion in assets under management. This decision marks a major milestone for Charles River IMS, further solidifying its presence in the Asia Pacific region. Daiwa's adoption of the system was driven by the need to consolidate and streamline its fund management operations onto a single, integrated platform.

Key Takeaways:

  • Daiwa SB Investments, a leading Japanese asset management company, has chosen Charles River Development's Investment Management System (Charles River IMS) to manage over USD $31 billion in assets.
  • The decision was made to consolidate and streamline fund management operations onto a single platform.
  • Charles River IMS will provide Daiwa with comprehensive front- and middle-office software suite capabilities, including portfolio management and modelling, order management and electronic trading, real-time compliance monitoring, and centralized trade matching, confirmation, and settlement workflow management.
  • The system will also enable Daiwa to apply compliance rules precisely for each fund, adhering to unique Japanese broker trading restrictions.
  • Direct access to support from Charles River's local teams in Melbourne, Singapore, and Tokyo will be available throughout the implementation process.
  • Charles River IMS has been adopted by over 185 clients worldwide, including more than 30 fund managers across Asia Pacific in locations such as Australia, Tokyo, Singapore, and New Zealand.

Statistics:

  • Over USD $31 billion in assets under management will be monitored using Charles River IMS.
  • Charles River IMS has been adopted by over 185 clients worldwide.
  • More than 30 fund managers across Asia Pacific in locations such as Australia, Tokyo, Singapore, and New Zealand use Charles River IMS.
  • The system offers comprehensive front- and middle-office software suite capabilities for portfolio management and modelling, order management and electronic trading, compliance monitoring, and centralized trade matching, confirmation, and settlement workflow management.
  • Charles River IMS has received numerous industry awards, including Best Buy Side OMS/Waters Reader Rankings 2005 and Best Portfolio Management System/Waters Reader Rankings 2005.

Sources:

  • Charles River Development, "Charles River Development Selects Daiwa SB Investments as New Client" (PRNewswire-AsiaNet, 2005)
  • Charles River Development, "About Charles River Development" (http://www.crd.com, accessed 2023)