Rasmala, a London-headquartered independent investment manager, has selected Profile Software’s investment management platform, IMSplus, to upgrade its asset management services.

Profile Software claims that its platform will provide Rasmala with the operational efficiency, flexibility and competitive approach across their investment management transactions throughout their operations.

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The implementation of the platform will provide the group with the flexibility and modular approach to allow for transparent and competitive offering to their clients along with quicker time-to-market of new products.

Rasmala, which has principal offices in the UK, UAE, Egypt, and Oman, provides a wide range of investment management solutions to pension funds, family groups, corporations and government institutions.

Rasmala head of asset management Eric Swats said: "The upgrade of our asset management system will help us to effectively manage our asset and fund management operations incorporating trade order management, KYC and compliance tools, and reduce data and market risk. Thus, it will help us respond efficiently to our clients’ needs & requirements."

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