Charles River Development has announced that Anima SGR (Anima) has selected the Charles River Investment Management System (Charles River IMS) to support the portfolio management, order management, execution management, and compliance needs of the new combined entity following the merger of Anima and Prima SGR (Prima). The merger officially takes place on January 1, 2012, and will create one of the largest independent asset managers in Italy.
"Charles River IMS provides Anima with a single enterprise solution for portfolio management, trading and compliance that continues to meet the company's business needs as it adds new asset types, grows its number of users and portfolios, and is expected to meet increasingly complex regulatory requirements," said Roberto Panzeri, CIO, Anima. Ugo Cornacchia, Project Leader, Anima adds, "Ultimately, the Charles River IMS gives us the peace-of-mind that our chosen technology platform can facilitate our ever-changing business requirements allowing us to focus on our clients, not our infrastructure."
"The Italian market is seeing considerable consolidation, as organizations seek to compete globally and to reduce costs and ultimately improve return to their investors," said Jon Steward, managing director- EMEA, Charles River Development. "Using Charles River IMS as a single consolidated front-office system is a no compromise solution to the challenge of balancing strategic, best-of-breed functionality needs with efficient and cost-effective IT mandates."