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Saudi Arabia’s NCB Capital Company Automates Multi-Asset Operations with Charles River

Charles River, an enterprise-wide, front- and middle-office investment management solution provider, today announced that NCB Capital Company, the world’s largest manager of Shariah-compliant funds, is live on the Charles River Investment Management Solution (Charles River IMS). The implementation completes phase one of a multi-asset class roll-out to automate portfolio management, order and execution management, compliance/risk monitoring, and performance measurement and attribution for NCB Capital Company users in Riyadh and Jeddah.

“We want to be the manager of choice for local and foreign investments in Saudi Arabia, and Charles River’s global solution allows us to offer strategies and processes equal to those of the world’s leading asset managers,” said Sami Al-Bashir, Chief Operating Officer of Asset Management at NCB Capital Company. “Charles River IMS has helped to significantly reduce risk and increase efficiencies in our investment management process.”

“Charles River IMS gives asset managers in the Middle East and worldwide, a modern, scalable platform that streamlines front and middle office operations across all asset classes,” said Stephen Butcher, Managing Director-EMEA, Charles River. “With our enterprise solution, NCB Capital Company has the automated tools to enhance decision making and improve investment processes.”

About NCB Capital Company

NCB Capital Company was launched in 2007 as the investment banking arm of The National Commercial Bank. It offers a comprehensive wealth management advisory service, a sophisticated trading capability, a complete range of asset management products covering all major asset classes, and an extensive investment banking offering for individuals, institutions and corporate clients. Today, it is the Kingdom's largest investment bank, with over one million clients and SR48 billion ($12.8 billion) of assets under management as of October 31, 2013.

About Charles River

Charles River provides an end-to-end solution to automate front- and middle-office investment management functions across asset classes on a single platform. The solution offers a simplified operating model that includes enterprise software, data, application management/upgrades, hosting and FIX network to improve investment professional productivity, control risk and lower technology costs. Charles River serves more than 350 investment firms in 43 countries in the institutional asset and fund management, private wealth, alternative investments, insurance, banking, and pension markets.

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