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.
