Charles River Offers New Compliance Monitoring and Advisory Services to Help Manage Risk

Boston, MA - 27 June 2012

Charles River, a front- and middle-office investment solutions provider, have announced the introduction of Charles River Compliance Services to help buy-side firms simplify compliance operations by outsourcing monitoring, rules management and foreign ownership reporting functions.

“Tougher regulatory compliance, increased scrutiny on risk, and ongoing pressure to reduce cost leave many organizations struggling to get by with personnel that are stretched thin or lacking in expertise,” said Ed Fitzpatrick, Director, Managed Services, Charles River Development. “Charles River’s experience with a global client base – monitoring over $18 trillion in assets – provides deep expertise and an economy of scale difficult to maintain with in-house staff alone.”

The Compliance Monitoring Service provides comprehensive daily monitoring coverage: Charles River specialists review and assess overnight compliance incidents and provide a daily summary of alerts, warnings, actions taken, and items requiring escalation. The Compliance Advisory Service ensures that compliance rules and processes keep pace with changing business needs and regulatory requirements: Charles River specialists perform regular compliance check-ups; advise and assist with rule creation, testing and validation; and optionally monitor regulatory rules for foreign ownership monitoring and substantial shareholder disclosure reporting (SSDR).

The Charles River Compliance Services are part of an integrated Managed Services solution that includes Application Management and Hosting, the Charles River FIX Network, and Charles River Data Services. Over 80% of new clients utilize Charles River’s Managed Services.

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