BMO Global Asset Management and LGM Investments, a subsidiary of BMO Financial, has selected the Charles River Investment Management Solution (Charles River IMS) for its Hong Kong and London operations.
BMO Global Asset Management and LGM Investments will deploy Charles River IMS for portfolio management, trading, compliance, and post-trade processing across its equity, fixed income, and ETF operations.
The implementation of Charles River IMS will allow BMO to further reduce operational risk and enhance workflow efficiencies.
The private cloud solution will also enable the firm’s to simplify their operations, improve data accuracy, and reduce costs.
Additionally, the firm’s have also implemented Charles River’s broker-neutral FIX network.
Amit Prakash, managing director, BMO Global Asset Management Asia, said: "Using a single hosted platform will help optimize our business processes, allowing us to focus on delivering the best possible client service."
Cameron Field, managing director APAC, Charles River Development, said: "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."