Email Contact Phone Company Visit Website

Boston, MA Head Office

700 District Avenue
Burlington
MA
US

London Office

6th Floor, 6 Devonshire Square
London
GB

New York, NY Office

Charles River Development 1040 Avenue of the Americas 9th floor
New York
NY
US

Beijing Office

Charles River Development Incorporated Level 19, Tower E2 Oriental PlazA, 1 East Chang An Avenue Dong Cheng District
Beijing
CN

Melbourne Office

Charles River Development, Inc Level 12, 350 Collins Street
Melbourne
AU

Singapore Office

Charles River Systems Inc 3 Phillip Street #17-04 Commerce Point
Singapore
SG

Tokyo Office

Charles River Development Incorporated The Imperial Hotel Tower 15th floor 1-1-1 Uchisaiwaicho, Chiyoda-ku
Tokyo
JP

Hong Kong Office

Charles River Development Limited AON China Building Level 17,
Hong Kong
HK

Paris Office

Charles River Development 17 Square Edouard VII
Paris
FR

Telephone

781 425 6147

Contact

Heather Frechette-Cr
[email protected]
Back to all Charles River Development announcements

Charles River Development Helps South African Investment Managers Meet Client and Regulatory Demands

Charles River Development (Charles River), a front- and middle-office investment software solutions provider, today announced it is helping investment managers in South Africa offer more complex instruments and comply with upcoming regulations that their existing systems cannot support.

The South African economy has experienced an impressive recovery from the lows of 2009, and many investment firms have seen a sharp increase in assets under management. To be competitive and manage for growth, asset managers are seeking to improve efficiency and the ability to offer a diverse portfolio of increasingly complex products. Absa Asset Management (ABAM), a leading South African asset manager, recently implemented the Charles River Investment Management System (Charles River IMS) to replace its proprietary solution that could no longer provide adequate operational support. With Charles River IMS, ABAM has automated its entire front-office operations on a single platform; gaining the scalability and agility required to meet market demands while improving overall system efficiency.

South African asset managers are also leveraging Charles River IMS to comply with regulations such as Regulation 28 of the country’s Pension Funds Act. Changes to Regulation 28 will control pension fund administrators’ use of more complex investment options, such as derivatives, and exposure to foreign assets. To support this and other regulations, Public Investment Corporation (PIC), the Government owned asset manager focusing on official sector funds, is implementing the Charles River Compliance module. Since 2009, PIC has been a user of Charles River IMS for portfolio management and trading across its fixed income and money markets operations. By adding Charles River Compliance, PIC will automate its compliance workflow and have a single system for centralized, real-time compliance monitoring and management.

“Charles River Development continues to build its presence in South Africa as investment management firms update their existing systems to manage for growth,” says Jon Steward, managing director EMEA, Charles River Development. “With seven clients in the country, it is clear that South African investment managers are moving to Charles River to support new and sophisticated market requirements for complex instruments and compliance regulations.”