BEIJING -- (BUSINESS WIRE) --
Charles River a front- and middle-office investment management solutions provider, today announced that China Life Pension Company Ltd (CLPC), with over US$4billion assets under management, is live on the Charles River Investment Management Solution (Charles River IMS). CLPC is using the enterprise solution to trade, execute and manage domestic Chinese equity, fixed income, ETF, money market and IPO asset investments and monitor real-time compliance across the trade lifecycle.
"We chose Charles River because of its reputation and knowledge of the Chinese markets and its ability to support us with Chinese speaking professionals based in Beijing. We were impressed by the scalability of the solution to handle high volumes of accounts that will enable us to expand our investment operations in the future while easily adhering to strict internal and client mandates for our domestic Chinese business," said Mr. Wang Yong, general manager of IT Department at CLPC.
Cameron Field, managing director at Charles River comments, "The implementation of a complete front- to middle-office investment management solution is essential to help CLPC scale its business, automate and streamline workflows and easily handle complex, multi-asset investment strategies."
Charles River IMS is available with full Chinese language capabilities and provides enhanced support for Chinese instruments and associated workflows. It offers direct Chinese exchange connectivity via a bi-directional real-time interface, and seamlessly integrates with a number of CLPCs third-party applications and proprietary systems.
About China Life Pension Company Ltd
China Life Pension Company Limited (hereinafter be shorted as "CLPC") is a professional nationally pension company, jointly initiated and established by China Life Insurance (Group) Company, China Life Insurance Company Limited and China Life Insurance Asset Management Company Limited. It currently has registered capital of RMB2.5 billion, with its head office in Beijing. CLPC is licensed as trustee service license, investment management license and account management license of occupational pension funds management by Ministry of Human Resources and Social Security, PRC. Since its establishment, CLPC has sustained rapid development in all business and the cumulative pension assets scale has been converted more than 96 billion Yuan at the end of 2011. With outstanding performance in the pension management industry, CLPC has become an important force in markets.
CLPC will take full accountabilities and responsibilities of the trustee, investment manager and account manager in accordance with national laws and regulations and exert itself to provide a full range of occupational pension management services for enterprises. CLPC will devote to building "the most influential and professional pension company," contribute its power to accelerate the building of social security system covering urban and rural residents and strive to building a well-off society and constructing a socialistic harmonious society.
About Charles River
Charles River provides software and managed services to automate front- and middle-office investment operations for buy-side firms. SaaS solutions, including application management, data and compliance services, support portfolio management, compliance and risk monitoring, order and execution management, and access to global liquidity. The company has more than 350 clients in over 40 countries in the institutional asset and fund management, alternative investments, wealth management, insurance, banking, pension and custody markets.
CONTACT:
Charles River Development
Lisa O'Reilly, +61 3 8628 0125
LisaOReilly@crd.com