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Thailand’s Tisco Asset Management Co., Ltd Selects Charles River Investment Management System to Manage its Private, Provident and Mutual Funds

Charles River Development (Charles River), a front- and middle-office investment solutions provider, today announced that Tisco Asset Management Co., Ltd. (Tisco), one of the largest asset managers in Thailand with over $3.3 billion of assets under management, has selected the Charles River Investment Management System (Charles River IMS). Tisco will replace its current in-house system and spreadsheets and consolidate onto Charles River’s enterprise solution to improve automation and provide portfolio, order and execution management, and real-time compliance testing and monitoring across all asset classes, including Thailand’s complex fixed income instruments.

“To streamline our asset management operations, we required a single system that can support our entire investment management operations now and in the future,” said Araya Thirakomen, President at Tisco. “Charles River IMS will allow us to handle the complex modeling and rebalancing of hundreds of portfolios across our Mutual, Private and Provident Funds. Our portfolio managers will have automated cash forecasting, portfolio simulation and a complete audit trail throughout the trading process to ensure straight-through-processing. Further, Charles River IMS eliminates time-intensive manual spreadsheets; creating operational efficiencies so we can focus on our core strength, managing investment portfolios for clients.”

“Over the past five years, Thailand has become one of the largest mutual fund markets in South East Asia,” said Cameron Field, managing director-Asia-Pacific, Charles River Development. “Charles River has a deep understanding of Thailand’s local instruments, workflows and practices. Our ability to meet asset managers’ unique requirements, and lower costs with a single, consolidated platform, helps clients like Tisco enhance competitiveness and manage for growth.”

Charles River Development serves over 300 client firms worldwide, including over 100 client sites for domestic and international firms in: Australia, China, Hong Kong, India, Indonesia, Japan, Korea, Malaysia, New Zealand, Singapore, Taiwan, Thailand and Vietnam.