Pyrford International, a London-based investment firm owned by the Bank of Montreal, has implemented the Charles River Investment Management Solution (Charles River IMS) for portfolio management and compliance across its equity, fixed income, and foreign exchange operations.

In addition, Pyrford will also implement Charles River’s broker-neutral FIX Network.

Charles River claims that its solution will enable Pyrford to streamline workflows, improve productivity, and reduce risk across asset classes and all portfolios.

Drew Newman, COO of Pyrford International, said: "With Charles River managing the system day-to-day, we can concentrate on delivering long-term results and service to our clients."

Stephen Butcher, managing director EMEA, Charles River Development, said: "Charles River’s private cloud solution helps asset managers, like Pyrford International, improve operations, lower cost, and increase user satisfaction with more timely access to new functionality. Clients can leverage Charles River’s economies of scale and expertise that come from supporting diverse financial firms worldwide."