09:59 AM
Charles River Opens China Office
Charles River Development has opened a regional office in Beijing, China to better service its local clients.
The office is staffed with Charles River employees, as well as multi-lingual Chinese national who can provide China-based investment managers with implementation, consulting and support services.
Tom Driscoll, managing director, global at Charles River Development, said in a statement, “The opportunity to invest in international securities has increased Chinese asset managers’ demand for front- to middle-office systems that can support complex investment strategies including domestic Chinese instruments, products and workflows.
He added, “The Charles River Investment Management System (Charles River IMS) can address any specific regulation, asset class, trading or language requirements our Chinese clients might have.”
The Charles River IMS is available with full Chinese language capabilities and supports more than 35 Chinese security types and workflows. It can be used to manage complex Chinese domestic and international asset classes, portfolios and regulations.
Added Cameron Field, managing director, Asia Pacific at Charles River Development, “Charles River has always grown its business organically. We build local teams of Charles River experts who understand the local investment management market, language and culture. These teams support our clients from local offices. And we make a significant investment to localizing our solutions. For the past three years we’ve taken this approach in China.”