NAM, a subsidiary of Nippon Life Insurance Company, has selected Charles RiverÆs investment management system (IMS) to support and monitor its fund management operations. The asset manager will implement Charles River IMS over all asset classes with the objective of streamlining its fund management operations onto one integrated platform.
ôCharles River IMS enables us to trade in a wider variety of products globally owing to its multi-asset trading capabilities while providing us with the flexibility and scalability to adapt to changing business needs,ö says Nobuaki Sakai, director, NAM. ôThe Japanese market has distinctive legal and compliance requirements and we were impressed with the systemÆs ability to handle these unique compliance rules. Now we use Charles River IMS for every stage of the trade process from portfolio analysis, order creation to trade execution. The system is now core to our entire asset management operation.ö
NAM will likely use Charles River IMS for much of the same reason as the software providerÆs other clients. Charles River markets IMS as a comprehensive front- and middle-office software suite. It includes functions for portfolio management and modelling, known as Charles River Manager.
The implementation of IMS is the latest success for Charles River in the region and comes as more investors look to integrate specific capabilities under a single platform. In January, Japan's Daiwa SB Investments selected IMS to monitor more than $31 billion in assets under management.
Approximately 30 fund managers use Charles River IMS across Asia in markets such as Australia, Japan, Malaysia, New Zealand, Singapore, Taiwan and Thailand. Globally, 205 clients use the service.