Charles River Development (Charles River), a provider of financial software and services to the global investment community, has announced that Australasian fund manager Tyndall Investment Management has successfully implemented the Charles River Investment Management System (Charles River IMS) to support Tyndall’s international and domestic fixed income fund management operations in Australia and New Zealand.
Brett Himbury, managing director of Tyndall, says the company had recognised the need to upgrade its technology systems to better support its business growth plans in both Australia and New Zealand.
"Our research showed us that we required a front- and middle-office system to allow straight-through processing and we selected Charles River to work with us to replace complex processes in Sydney, and in New Zealand, implement Tyndall's first front-office system," says Himbury.
"We now have the flexibility and scalability to better meet the market's sophisticated and evolving requirements as we expand our operations. Charles River's team of experts delivered a system that uses the latest technology to streamline our fixed interest management and reporting activities," he continues.
Charles River consolidated Tyndall's front- and middle-office operations on one integrated platform, automating Tyndall's portfolio management and trading activities, and adding real-time pre-trade and end-of-day compliance monitoring capabilities.