The asset management division of Oman-based Bank Muscat has chosen Charles River's Investment Management System (IMS) to support equity and fixed-income operations.
Charles River IMS will handle trading, portfolio management and compliance, as well as performance attribution and reporting for the division.
"Our portfolio managers, traders, compliance and operations staff now manage all accounts in Charles River," says Abdullah Al Hinai, deputy general manager for investment banking and the financial institutions group at Bank Muscat. "The flexible portfolio management tools and the combined order and execution management capabilities simplify our workflows and ensure compliance throughout the trade lifecycle."
Charles River has recently taken long strides into the region, as local investment banks like Saudi Arabia's NCB Capital have beefed up their pure asset management operations to match local market demand.
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