Charles River Development (Charles River) has announced that Tisco Asset Management Co Ltd will be using the Charles River Investment Management System to both automate and streamline the company’s investment management operations.

The front – and middle – office investment management solutions provider will look to provide Tisco fund managers with real-time compliance and monitoring as well as a multi-asset portfolio.

The system will accommodate the full remit of 500 funds which are currently under Tisco’s management. These include a diverse range of investment funds such as private, provident and mutual funds.

Miss Araya Thirakomen, Managing Director of Tisco, stated her excitement about the move:

“As a leading Thai asset management firm, we have a vision to create wealth for our clients by providing a complete line of asset management products. We manage more than 500 funds with a combined AUM of over 130,000 million baht, hold the top three positions in private and provident funds management and have the highest number of provident funds customers in Thailand.”

The system which Charles River Development plans to put in place will be designed specifically to do two key things, improve time/data efficiency and enhance staff performance. This will subsequently allow the Tisco fund managers to focus on managing investment portfolios for their numerous clients.

Miss Thirakomen added: “With impending regulatory changes set to open up the markets in our region, the Charles River IMS will enable us to support increased mandates and multi-asset, multi-currency instruments.

We are a market leading provider of Foreign Investment Funds (FIF) in Thailand and the Charles River IMS will enable us to provide our clients with a wider range of investment services to choose including all funds that will be affected by the new rules and regulations.”

Tisco will be hopeful that the new system allows them to expand the number of services they can offer their clients, considering the impending ASEAN Economic Community regulatory changes which are set to come into force very soon.