China Life Pension Company (CLPC), a JV of China Life Insurance (Group), China Life Insurance and China Life Insurance Asset Management, has implemented Charles River Investment Management Solution.
The new platform will enable CLPC to trade, accomplish and manage domestic Chinese equity, fixed income, ETF, money market and IPO asset investments and monitor real-time compliance across the trade lifecycle.
CLPC IT Department general manager Wang Yong said the company chose Charles River because of its reputation and knowledge of the Chinese markets and its ability to support the firm with Chinese speaking professionals based in Beijing.
"We were impressed by the scalability of the solution to handle high volumes of accounts that will enable us to expand our investment operations in the future while easily adhering to strict internal and client mandates for our domestic Chinese business," Yong said.
Charles River managing director Cameron Field said, "The implementation of a complete front- to middle-office investment management solution is essential to help CLPC scale its business, automate and streamline workflows and easily handle complex, multi-asset investment strategies."
The tool provides direct Chinese exchange connectivity through a bi-directional real-time interface, and impeccably integrates with a number of CLPCs third-party applications and proprietary systems.