BankInvest Denmark, Selects Charles River IMS to Manage Multi-Asset Class Front-Office Operations

Boston, London, Melbourne, Paris and Singapore - 8 January 2008

Charles River Development (Charles River), an award-winning provider of financial software and services to the global investment management community, today announced that BankInvest Group, with $18 billion of assets under management, has selected the Charles River Investment Management System (Charles River IMS) to support and integrate portfolio management, asset allocation, trading and compliance operations across its Denmark-based domestic equity and fixed income, and global emerging markets businesses. BankInvest will also benefit from an interface between Charles River IMS and its existing proprietary back office and data warehouse solutions. In addition, BankInvest’s custody business, which offers outsourced compliance services to external funds, will deploy Charles River’s compliance solution.
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