Brazil’s Mellon Serviços Financeiros Selects Charles River Development to Automate Investment Compliance for All Asset Classes

Boston / London / Melbourne /Paris /Singapore –6 September 2007

Charles River Development (Charles River), an award-winning provider of financial software and services to the global investment management community, today announced that Mellon Serviços Financeiros DTVM S/A, the fund administrator for more than 70% of the independent fund managers in Brazil, has selected the Charles River Investment Management System (Charles River IMS) to automate compliance monitoring across its investment operations. Charles River IMS will provide real-time pre-trade, post-execution and end-of-day compliance monitoring for all asset classes. Mellon Serviços Financeiros’ users will benefit from the system’s easy-to-use rule-building and maintenance tools that ensure investment compliance with Brazilian regulatory rules as well as client mandates.

“We required sophisticated yet easy-to-use technology and on-the-ground support,” said Zeca Oliveira, CEO and Managing Director of Mellon Serviços Financeiros. “Charles River demonstrated they could provide this. Charles River IMS addresses our unique workflow and language requirements and will enhance our operational efficiencies.”

“We have been in Brazil since 2003 and have a deep understanding of how to partner with our clients to meet their requirements,” said Manuel Astiasaran, Director of Operations-Latin America, Charles River Development. “Brazil and other South American countries have unique needs and are among the fastest-growing markets in the world. Charles River is committed to helping our clients address their needs, such as investment regulations, fluctuating currency and inflation indexes and complex fixed income instruments.”

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development