Artemis Investment Management Selects Charles River IMS to Automate Front Office

Burlington, MA, London, Melbourne and Singapore - 29 August 2006

Charles River Development, a leading provider of financial software and services to the global investment management community, today announced that Artemis Investment Management (Artemis) with over £10bn in assets under management has selected the Charles River Investment Management System (Charles River IMS) to support its London and Edinburgh based asset management operations. Artemis, which manages retail, institutional and hedge fund products, is active in all principal asset classes.

Charles River IMS is a comprehensive front-to-middle office software suite for portfolio management and modelling (Charles River Manager), order management and electronic trading (Charles River Trader), real-time compliance monitoring (Charles River Compliance), and the centralised management of trade matching, confirmation and settlement workflow (Charles River Post-Trade).

Mark Murray, Chief Operating Officer, Artemis commented, “We conducted a comprehensive review of the leading front office systems vendors and the Charles River IMS provided the best fit for our extensive range of requirements. We look forward to working with the team at Charles River.”

Mark Cappell, Managing Director, Charles River Development said, “Artemis is a high profile investment manager which continues to experience rapid growth. We’re delighted to be selected by this prestigious institution which joins our expanding group of superior European and UK-based asset management clients.”

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