Press Release 17 Dec 2013

17 December 2013 - Charles River, an enterprise-wide, front- and middle-office investment management solution provider, has opened a new Managed Services office in Dublin to meet growing global demand for SaaS-based operations. The Department of Jobs, Enterprise and Innovation, through IDA Ireland, worked closely with Charles River to secure this expansion.

Charles River Managed Services offers hosting, application management, integrated data, FIX connectivity support, and solution upgrades to help clients streamline processes and lower technology costs. The application is hosted in Charles River’s four top-tier, SSAE 16 compliant hosting centers in the US and UK.

Minister for Jobs, Enterprise and Innovation Richard Bruton TD met senior executives from Charles River as part of a recent IDA mission to the USA.

Making today’s announcement, Minister Bruton said: “Financial services is a key sector we have targeted as part of our Action Plan for Jobs, and we have focused particularly on taking advantage of our strengths in the technology sector to attract financial services technology providers. Charles River is a leading provider of tech solutions for the financial services industry, and today’s announcement that it is establishing a new high-end operation in Dublin is a great boost. I commend IDA on this win and wish Charles River every success with their new operation.”

“Worldwide, financial services firms are looking to simplify operations and reduce expenses with cloud-based computing,” said Tom Driscoll, Global Managing Director, Charles River. “We believe our private cloud-based Charles River Investment Management Solution delivers the best results for clients by ensuring successful deployment and immediate access to new capabilities, while allowing internal staff to focus on business priorities. Dublin’s reputation for a strong technical workforce makes it an ideal location for expanding our managed services team.”   

According to Barry O’Leary, CEO, IDA, “We’re pleased that Charles River has selected Dublin for its new Managed Services Center as they continue to expand internationally.  As financial markets become increasingly complex requiring talented resources, Ireland is well placed to benefit from this opportunity in the coming years.”

Charles River is accepting applications for its Dublin operation and expects to grow the team to more than 30 individuals in the near term. For more information, please visit   http://www.crd.com/Company/Careers.aspx

With more than 600 employees worldwide, Charles River serves over 350 investment firms in 43 countries. Established in 1984 and headquartered in Burlington, MA, Charles River has offices in New York, London, Paris, Melbourne, Tokyo, Singapore, Beijing, Hong Kong and other global financial centers.

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 investment firms in the institutional asset and fund management, private wealth, alternative investments, insurance, banking, and pension markets.

For more information please contact
Charles River: Marta von Loewenfeldt, Manager Public Relations, MartavonLoewenfeldt@crd.com  +1 781 425 3032
IDA Ireland: Gillian Kelly, Press and PR Executive, Gillian.Kelly@ida.ie  0871789893
 

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