“I look forward to engaging with our South African clients, all of whom I have previously worked with in some capacity”

“Charles River was originally deployed by Metropolitan Asset Managers in 2005 and is now the system of choice throughout the new business”, says Sibusiso Mabuza, Chief Executive Officer of Momentum Asset Management. “With Charles River IMS, we have the ability to handle all asset classes and generate a complete audit trail by using one system throughout the trade lifecycle. We have embedded pre-trade compliance, which eliminates a separate system and streamlines the process. Charles River IMS also has the flexibility to integrate with other third-party systems, which is essential as we progress through the integration of various investment processes of the business”.

To serve the expanding South African client base, Charles River has established a permanent regional presence. John Reardon, regional manager, originally from Durban, South Africa, is now based in Johannesburg and providing dedicated consulting and account management services for Charles River clients.

“I look forward to engaging with our South African clients, all of whom I have previously worked with in some capacity”, said John Reardon. “Momentum Asset Management joins a growing list of clients in the country, and my new role demonstrates Charles River’s commitment to the South African market”.

About Momentum Asset Management

Momentum Asset Management, is one of the largest asset managers in South Africa with approximately R184bn assets under management. The company manages a wide variety of mandates ranging from risk profiled unitised pooled portfolios to segregated specialist asset class portfolios.

About Charles River

Charles River provides software and managed services to automate front- and middle-office investment operations for buy-side firms. SaaS solutions, including application management, data and compliance services, support portfolio management, compliance and risk monitoring, order and execution management, and access to global liquidity. The company has more than 350 clients in over 42 countries in the institutional asset and fund management, alternative investments, wealth management, insurance, banking, pension and custody markets.