Charles River Development Expands Regional Presence in Japan

Boston, London, Melbourne, Paris and Singapore – August 23 2007

Tokyo entity to provide local support and expertise to 18 Japanese investment management clients, including Japan’s three largest domestic firms

Charles River Development (Charles River), an award-winning provider of financial software and services to the global investment management community, today announced the expansion of its global operations with a regional office in Tokyo, Japan. Charles River serves 18 Japanese investment management firms, and has hired an initial staff of multi-lingual Japanese nationals to provide clients with professional consulting, implementation and support services. The new entity will be located in the heart of Tokyo’s financial district and be fully operational by the end of the year.

“Charles River understands Japan’s distinct legal and compliance requirements, and our strategic decision to establish a Tokyo operation demonstrates our commitment to providing Japanese clients with customized solutions and in-country expertise,” says Tom Driscoll, Managing Director – Global, Charles River Development. “Charles River is proud to serve a growing number of prominent Japanese investment firms, including Japan’s three largest investment managers with more than US$100 billion of assets under management.”

“We localize our products and services to help clients address any local or regional regulation, asset class, trading or language requirement, including Japanese characterization,” said Cameron Field, Managing Director of Asia-Pacific, Charles River Development. “Charles River is the only investment management system provider that has made an ongoing commitment to serve clients in all major financial centers of the world. We believe in steady organic growth, and our ability to add new clients throughout Asia-Pacific reflects our success in addressing their specific needs.”

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