BMO selects cloud-based Charles River IMS for HK and London operations
BMO Global Asset Management has selected the Charles River Investment Management Solution (IMS) for its Hong Kong and London operations.
The private cloud-based solution will be implemented at both BMO Global Asset Management (Asia) Limited and LGM Investments, which is one of BMO Global Asset Management’s boutique managers that specialises in Asian, global emerging and frontier markets equity investments.
BMO Global Asset Management Asia and LGM Investments will use Charles River IMS in a fully hosted and managed environment for portfolio management, trading, compliance, and post-trade processing across its equity, fixed income, and ETF operations. They will also leverage Charles River’s broker-neutral FIX network.
“Charles River IMS will enable us to further reduce operational risk and enhance workflow efficiencies,” says Amit Prakash, managing director, BMO Global Asset Management Asia. “Using a single hosted platform will help optimise our business processes, allowing us to focus on delivering the best possible client service.”
“Charles River’s private cloud solution helps investment management firms to simplify their operations, improve data accuracy, and reduce costs,” says Cameron Field, managing director APAC, Charles River Development. “Clients like BMO can rely on Charles River experts to manage the day-to-day application and infrastructure, ensuring timely access to new functionality and increased user satisfaction.”
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