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 significantly 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."