Charles River, an enterprise-wide, front- and middle-office investment
management solution provider, today announced that bank muscat's Asset
Management Division in Oman, one of the largest fund managers in the
Gulf Cooperation Council, is live on the Charles River Investment
Management Solution (Charles River IMS) to support its equity and fixed
income operations. bank muscat is leveraging Charles River IMS for
automated portfolio management, trading, compliance monitoring and
performance measurement and attribution.
"Our portfolio managers, traders, compliance and operations staff now
manage all accounts in Charles River. The flexible portfolio management
tools and the combined order and execution management capabilities
simplify our workflows and ensure compliance throughout the trade
lifecycle," said Abdullah Al Hinai, Deputy General Manager, Investment
Bankingand FIG, bank muscat.
"Asset managers in the Middle East, like bank muscat, attract
international investors and assets by incorporating new investment
strategies and instruments into their portfolios," said Stephen Butcher,
Managing Director-EMEA, Charles River. "Through our experience in these
local markets we help investment firms across the region standardize and
automate their investment operations to support expansion and control
About bank muscat Asset Management DivisionManaging funds
and portfolios since 1993, bank muscat's Asset Management Division is
one of the leading fund managers in the GCC and enjoys an undisputed
dominant position in Oman. bank muscat Asset Management Division brought
the concept of mutual funds to Oman and the concept of Index Investing
to the GCC.
With assets under management of over US$1.2b, bank muscat Asset
Management Division offers a wide range of investment solutions in the
Middle East and India. The Division was awarded the "Best Asset Manager
in Oman in 2010 and 2011" by EMEA, "Oman Asset Manager of the
Year" award for 2010 and 2011 by Mena FM, and "Oman Best Asset
Manager" in 2011 by Global Investor. The Division's bank
muscat Oryx Fund was the winner of the Lipper Award in 2009 for
the "Best GCC Fund" and in 2013 received the "Best GCC Equity under $30
m" award by Mena FM.
About Charles RiverCharles River provides an end-to-end
solution to automate front-/middle-office investment management
functions across asset classes on a single platform. Charles River
serves over 350 investment firms in 43 countries.
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