MELBOURNE, AUSTRALIA -- (Marketwire) -- 05/29/12 -- Charles River, today announced an expansion of its relationship with Australia's largest corporate super fund, Telstra Super. The front- and middle-office investment management solutions specialist will provide Charles River Investment Management System Version 9 (Charles River IMS), to support a new fixed income desk, providing Telstra Super with direct control over its investments by bringing more of its funds management in-house.
Telstra Super manages over AUD$11billion for more than 100,000 members in Australia. According to John Eliopoulos, Head of Australian Equities, its relationship with Charles River, which began in 2008, allows Telstra Super to advance new business initiatives and introduce new instruments easily and efficiently.
"The flexibility and scalability of Charles River IMS meant we could expand our range of investment products, increase the amount of funds managed internally and reduce the administration expenses traditionally associated with multiple managers," Mr Eliopoulos said.
Telstra Super's use of Charles River IMS across its equity, fixed income and money market instruments provides numerous benefits to the fund, including:
- greater trading accuracy and efficiency
- expanded analytics, instrument coverage and reporting
- real-time pricing
- fully-integrated compliance throughout the entire trading lifecycle, and
- the ability to monitor the effects of proposed orders across multiple portfolios
"Charles River helps superannuation schemes like Telstra Super address the increased responsibilities required to transition fund management in-house," said Cameron Field, Managing Director, Asia-Pacific, Charles River. Field adds, "Charles River supports Telstra Super's new business initiatives by automating workflows, streamlining investment business processes and enabling it to take advantage of enhanced capabilities."
About Telstra Super
Telstra Super is Australia's largest corporate super fund with more than 100,000 members and over $11 billion of funds under management. Membership is open to current Telstra Group employees (including Foxtel, Sensis and Reach), former employees and family of members.
Telstra Super provides a range of superannuation services and is committed to providing competitive and cost-effective superannuation services to members.
Telstra Super Pty Ltd was established in June 1990, as a subsidiary of Telstra Corporation Limited. Members of Telstra Super have access to financial planning advice through the wholly owned subsidiary, Telstra Super Financial Planning Pty Ltd.
Telstra Super was named Super Fund of the Year 2012 by independent ratings agency Rainmaker in their annual Selecting Super awards.
About Charles River
Charles River Development provides fully managed solutions including software, hosting and data services to automate front- and middle-office investment operations for buy-side firms. SaaS solutions and on-premises software support portfolio management, compliance and risk monitoring, order and execution management, access to global liquidity and post-trade processing. The company has more than 330 clients in over 40 countries in the institutional asset and fund management, alternative, wealth management, insurance, banking, pension and custody markets.
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Charles River Development
+61 3 8628 0125