[January 07, 2014] |
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Saudi Arabia's NCB Capital Company Automates Multi-Asset Operations with Charles River
LONDON --(Business Wire)--
Charles River, an enterprise-wide, front- and middle-office investment
management solution provider, today announced that NCB Capital Company,
the world's largest manager of Shariah-compliant funds, is live on the
Charles River Investment Management Solution (Charles River IMS). The
implementation completes phase one of a multi-asset class roll-out to
automate portfolio management, order and execution management,
compliance/risk monitoring, and performance measurement and attribution
for NCB Capital Company users in Riyadh and Jeddah.
"We want to be the manager of choice for local and foreign investments
in Saudi Arabia, and Charles River's global solution allows us to offer
strategies and processes equal to those of the world's leading asset
managers," said Sami Al-Bashir, Chief Operating Officer of Asset
Management at NCB Capital Company. "Charles River IMS has helped to
sinificantly reduce risk and increase efficiencies in our investment
management process."
"Charles River IMS gives asset managers in the Middle East and
worldwide, a modern, scalable platform that streamlines front and middle
office operations across all asset classes," said Stephen Butcher,
Managing Director-EMEA, Charles River. "With our enterprise solution,
NCB Capital Company has the automated tools to enhance decision making
and improve investment processes."
About NCB Capital Company
NCB Capital Company was launched in 2007 as the investment banking arm
of The National Commercial Bank. It offers a comprehensive wealth
management advisory service, a sophisticated trading capability, a
complete range of asset management products covering all major asset
classes, and an extensive investment banking offering for individuals,
institutions and corporate clients. Today, it is the Kingdom's largest
investment bank, with over one million clients and SR48 billion ($12.8
billion) of assets under management as of October 31, 2013.
About Charles River
Charles River provides an end-to-end solution to automate front- and
middle-office investment management functions across asset classes on a
single platform. The solution offers a simplified operating model that
includes enterprise software, data, application management/upgrades,
hosting and FIX network to improve investment professional productivity,
control risk and lower technology costs. Charles River serves more than
350 investment firms in 43 countries in the institutional asset and fund
management, private wealth, alternative investments, insurance, banking,
and pension markets.
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