Malaysian SWF Adds New Charles River Management and Trading Systems
Investment management solutions provider Charles River Development announced today that the Employees Provident Fund (EPF), the second largest Asia-Pacific sovereign wealth fund of Malaysia with $155 billion under management, will make expanded use of the vendor’s investment management system (IMS), its FIX electronic trading network, as well as solutions for administration, and post-trade automation of confirmation, matching and workflows.
The move is seen as further enabling EPF to order and execute trades across equities, money market and fixed income as its number of members and registered employers in Malaysia continues to rise with the country's growing population (the EPF currently has 13 million members).
"We worked diligently to understand EPF's individual requirements so it can better meet member demands by freeing up traders, portfolio managers and compliance officers to focus more of their time on managing increased volumes," says Cameron Field, managing director at Charles River Development.
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