Bank of Hawaii Selects Charles River IMS to Support Fund Management Operations

BURLINGTON, MA, June 14, 2005 — Charles River Development, a leading provider of financial software and services to the global investment management community, today announced that the Asset Management Group of Bank of Hawaii has chosen the Charles River Investment Management System (Charles River IMS) to support its fund management operations. Charles River IMS, a comprehensive software suite for portfolio management (Charles River Manager), order management and electronic trading (Charles River Trader), and real-time compliance monitoring (Charles River Compliance), will replace Advent’s Moxy order management system at Bank of Hawaii.

The Asset Management Group of Bank of Hawaii employs the largest staff of investment professionals in Hawaii and manages more than U.S. $7.5 billion in assets for individual investors, foundations, corporations, institutions, and mutual funds. The investment firm will utilize Charles River IMS to facilitate the portfolio management, trading, and compliance operations surrounding its investments in U.S. domestic equity and fixed income securities.

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