NCB Capital Company, a Saudi Arabia-based manager of Shariah-compliant funds, has implemented Charles River’s Investment Management Solution (Charles River IMS) to streamlines its operations across all asset classes.
The implementation of Charles River IMS will complete 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.
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Additionally, Charles River IMS will provide asset managers in the Middle East and worldwide, a modern, scalable platform that streamlines front and middle office operations across all asset classes.
The new solution will also reduce risk and increase efficiencies in NCB Capital’s investment management process.
Sami Al-Bashir, COO of asset management at NCB Capital Company, said: "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."
Stephen Butcher, managing director-EMEA, Charles River, said: "With our enterprise solution, NCB Capital Company has the automated tools to enhance decision making and improve investment processes."
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